At 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...
Why You May Want to Rethink Your Deduction Strategy in 2025
Oct 21, 2025As we approach the end of 2025, it’s time to evaluate your year-end tax planning strategies. One important decision is whether you’ll claim the stan...
Employers: Avoid Tax Surprises When Making Holiday Gifts to Employees
Oct 14, 2025As the year draws to a close, many businesses look for ways to recognize and thank their employees. From gift cards to holiday treats to service awards, the opt...
Accountable Plans: Reimburse Employees the Tax-Smart Way
Oct 13, 2025In many types of businesses, it’s common for employees to spend money on behalf of the company — such as for travel, client meals or supplies. How those...
New Auto Loan Interest Deduction: Limited Opportunity for 2025–2028
Oct 09, 2025For tax years 2025 through 2028, there’s a new tax break that could save you money if you finance a new vehicle for personal use. You can deduct up to $10,000...