Tax Strategies Resources

The IRS recently announced an increase in the optional standard mileage rate for business vehicle use for the second half of 2026. The adjustment reflects highe...

Financially savvy manufacturers understand that tax planning shouldn’t take place only at year-end. To make the most of all available tax breaks, you need...

Many manufacturers purchase vehicles for business purposes. These can range from service and delivery vehicles to heavy SUVs and pickup trucks for transporting ...

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...

Taxpayers 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...

The One Big Beautiful Bill Act (OBBBA) included favorable changes to the federal income tax rules for depreciating business assets. And there are annual inflati...

Do you know the current rules for claiming tax deductions for business meals and entertainment? Whether you’re wining and dining a prospective customer or...

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...

There’s still time for small businesses and their owners to implement strategies to save taxes for 2025. Traditional strategies continue to be valuable, b...