Business losses can happen, whether you’re operating a new company that hasn’t yet earned a profit or a mature business that’s been squeezed b...
Optimizing Business Losses
The Tax Deductible Mileage Rate for Business Driving Increases for 2023
Jan 04, 2023The IRS has announced the 2023 optional standard mileage rates used to calculate the deductible costs of operating a vehicle for business, charitable, medical o...
9 Cash-Flow Management Tips for Construction Companies
Jun 18, 2025Construction business owners know that cash is king. However, managing cash flow in an industry known for its ebbs and flows isn’t easy. And when you thro...
Cash In on Corporate Deductions for Charitable Donations
Oct 13, 2022Most people already understand the tax rules for individual charitable donations, including generous deductions that may be available to itemizers when they giv...
Applying for Private Business Loans with Confidence
Sep 15, 2022Business borrowers aren’t just facing higher interest rates today. The terms of new loans have also become more restrictive. Nearly a quarter of senior lo...
Hiring Family Members Can Pay Off for Everyone
Jul 20, 2022One of the advantages of owning and operating your own business is the ability to hire family members to fill open positions. This can be a significant perk in ...
Due Diligence Considerations When Buying a Business
Feb 17, 2022Buyers of businesses generally prefer to arrange for an asset purchase transaction, instead of purchasing an ownership interest in the target business entity. W...
Coping With New Employee Retention Credit Rules
Jan 20, 2022Sometimes, Uncle Sam seems to give with one hand and take with the other. Take the employee retention credit (ERC), for example. Congress created this tax break...
Hobby or Business? How to Treat COVID-19 Sideline Activities for Taxes
Sep 15, 2020Today, many people sell homemade products online or work on some unincorporated sideline venture outside of their regular day jobs. Such activities can generate...