Growing a successful business is not a matter of luck, timing or nose-to-the-grindstone effort, though all of them have a role to play. It is hard — not becau...
IRS to Discontinue Paper Checks
Jun 11, 2025Earlier this year, President Trump signed an Executive Order directing federal agencies to adopt electronic payment methods for all transactions with the Depart...
Protect Your Tax Identity: Understanding the IRS IP PIN
Mar 12, 2025As identity theft continues to be a growing concern, particularly when it comes to filing taxes, the Internal Revenue Service (IRS) offers a tool to help secure...
Is Your Manufacturing Company Eligible for Clean Energy Tax Credits?
May 09, 2023The Inflation Reduction Act (IRA), enacted in late 2022, provides valuable tax credits that support clean energy manufacturing. Significantly, the law created t...
Resist Purging After Filing Your 2022 Tax Return
Apr 27, 2023The statute of limitations for the IRS to audit your tax return is typically three years. It begins on the later of: 1) the due date for your tax return or 2) t...
Deducting Business Meal and Entertainment Expenses
Mar 28, 2023The federal income tax treatment of business-related meal and entertainment expenses has been a moving target the last few years. If you’re confused about...
What Employers Need to Know About Payroll Tax Responsibilities
Mar 16, 2023As your payroll staff or provider can likely tell you, your organization is responsible for meeting several types of payroll tax obligations throughout the year...
LIFO vs. FIFO: Taking Stock of Your Inventory Accounting Method
Feb 10, 2023How inventory is accounted for can have a significant impact on your tax bill if your business involves the production, purchase or sale of products. In some ca...
The IRS Has Announced Various Tax Benefit Increases for 2023
Nov 30, 2022The IRS recently announced many inflation adjustments for the 2023 tax year. IRS Revenue Procedure 2022-38 provides details about these amounts. Because inflat...
Does your Business Deduct Research & Development Expenses? Major Changes Impact 2022 Taxes…
Nov 09, 2022The 2017 Tax Cuts and Jobs Act (TCJA) included a deferred provision that changes the way research and development (R&D) expenses are deducted for tax purpos...