Debt vs. equity: Classification counts when shareholders put money into their corporations
How you capitalize your C corporation isn’t just an accounting matter — it’s a tax-saving opportunity. You can set up funds…
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Should your business consider a fiscal year end?
Most businesses close their books for tax and accounting purposes on December 31 because it aligns with the calendar year.…
Accounting for intellectual property in your estate plan
When most people think about estate planning, they focus primarily on tangible assets, such as real estate, investments and personal…
Business deductions for four-legged coworkers
Did you know that you can claim tax deductions for animals that serve a bona fide business purpose? This benefit…
April 15 is the deadline for more than just your income tax return
You know your 2025 federal income tax return is due April 15, 2026. But do you know what else has an…
Your Health Savings Account and your estate plan: What you need to know
A Health Savings Account (HSA) can be a valuable asset in your estate. Contributions to an HSA are pretax or…
Options for forfeited employee FSA balances
Many businesses offer health care and dependent care flexible spending accounts (FSAs) as part of their employee benefits package. These…
4 types of interest expense you may be able to deduct
Personal interest expense generally can’t be deducted for federal tax purposes. There are, however, exceptions. Here are four, one of…
April 15 isn’t only the income tax return filing deadline, it’s also the gift tax return filing deadline
If you made large gifts to family members or heirs last year, you may need to file a 2025 gift…
What’s your potential business vehicle deduction?
If you used one or more vehicles in your business during 2025, you may be eligible for valuable tax deductions…
Parents: Claim all the tax credits you’re entitled to
Raising a family comes with plenty of expenses, but it may also make you eligible for various tax breaks. Some…
Deferring taxes on advance payments
An advance payment is one received by a business before it provides whatever is being paid for. For federal income…