Many family business owners reach a point in their lives when they start thinking about not only their own retirements, but also their families’ financial...
Demystifying the Tax Rules for Net Operating Losses
Mar 09, 2026Taxpayers who suffered net operating losses (NOLs) in the 2025 tax year may hope to take advantage of them to reduce future tax bills. However, various limits d...
Update on the First-Year Depreciation Tax Rules for Businesses
Feb 25, 2026The One Big Beautiful Bill Act (OBBBA) included favorable changes to the federal income tax rules for depreciating business assets. And there are annual inflati...
Deducting Business Meal and Entertainment Expenses Today
Feb 17, 2026Do you know the current rules for claiming tax deductions for business meals and entertainment? Whether you’re wining and dining a prospective customer or...
Hit the Breaks: 2026 Tax Write-Offs for Business Driving
Feb 09, 2026At the end of last year, the IRS announced its annual inflation adjustments to the optional standard mileage rates used to calculate the deductible vehicle oper...
6 Year-End Small Business Tax Saving Tips
Dec 03, 2025There’s still time for small businesses and their owners to implement strategies to save taxes for 2025. Traditional strategies continue to be valuable, b...
Manufacturers: Act Now To Claim the Sec. 179D Deduction for Energy-Efficient Building Improvements
Dec 01, 2025The One Big Beautiful Bill Act (OBBBA) repeals or reduces many clean energy tax incentives, including the Section 179D deduction for energy-efficient commercial...
R&D Tax Credits: Broader Eligibility Than You Think
Nov 25, 2025Many businesses assume the federal research and development (R&D) tax credit is only for high-tech or scientific companies. In reality a wide range of organ...
Optimizing R&D Deductions under the OBBBA
Oct 30, 2025Among the hundreds of provisions in the One Big Beautiful Bill Act (OBBBA) are changes related to research and development (R&D) expenses. These changes ena...
A New Savings Option Will Soon Be Available for Families
Oct 27, 2025Starting in 2026, Trump Accounts will provide another tax-favored way to save for a child’s future. Introduced under the One Big Beautiful Bill Act (OBBBA...