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June 2024 Cost Segregation: Is This Strategy for You? One significant tax benefit of owning residential rental property or non-residential commercial or investment property is

May 2024 Protect Yourself from Costly Payroll Fraud When you own and operate a business, you must exercise vigilant oversight, including watching over your payroll

April 2024 Turn Your Vacation—Even a Luxurious One—into Tax-Deductible Business Travel Here’s an idea: how about transforming your next vacation into business travel? With careful

IRAs for Young Adults As we navigate the complexities of financial planning, one opportunity stands out for young adults: individual retirement accounts (IRAs). With the

Estimated Tax Penalties The United States has a “pay as you go” tax system in which payments for income tax (and, where applicable, Social Security

Corporate Transparency Act Requires BOI Reporting to FinCEN The Corporate Transparency Act (CTA) is upon us. It took effect on January 1, 2024, and imposes

New FinCEN Filings Go into Effect on January 1 For existing businesses, the Corporate Transparency Act (CTA) goes into effect on January 1, 2024, and

Last-Minute Year-End General Business Income Tax Deductions The purpose of this article is to reveal how you can get the IRS to owe you money.

Donating Clothing to Goodwill and the Salvation Army   As the year comes to a close, many taxpayers consider making clothing and household item donations