From 2018 to 2025, the Tax Cuts and Jobs Act is offering a 20 percent deduction on pass-through business income, with specific eligibility criteria.

The 105-HRA presents a compelling opportunity for business owners with a single employee to convert personal medical expenses into deductible business expenses.

Nobody wants to spend their whole life looking over their shoulder, wondering if the IRS will audit them. Luckily, there is a statute of limitations on IRS audits and tax assessments.

If you invest or trade in Bitcoin, non-fungible tokens (NFTs), Stablecoins, or other digital assets, prepare for sweeping new tax reporting requirements.

The United States has a “pay as you go” tax system in which payments for income tax must be made to the IRS throughout the year as income is earned.

For over 20 years, the IRS has issued an annual Dirty Dozen list identifying tax scams and avoidance schemes.

Do you sell goods or services and receive payment through a third-party settlement organization (TPSO)? If so, you must know the IRS’s new Form 1099-K reporting rules.

The Corporate Transparency Act (CTA) is upon us. It took effect on January 1, 2024, and imposes a new federal filing requirement for most corporations, limited liability companies (LLCs), and other business entities.

If you own more than 2 percent of an S corporation and provide health insurance coverage, there are three steps you need to follow to claim a deduction…

In most court cases, taxpayers lose vehicle expense deductions because they cannot present a credible business mileage log.

Are you interested in becoming a commercial or residential landlord? If so, you’ll likely have to shell out plenty of money before ever collecting a dime in rent. The tax code treats some of those monies as start-up expenses.

For existing businesses, the Corporate Transparency Act (CTA) goes into effect on January 1, 2024, and imposes a brand-new federal filing requirement on most corporations, limited liability companies, and limited partnerships and on certain other business entities.

The first stage of the Corporate Transparency Act (CTA) goes into effect on January 1, 2024. It imposes a new federal filing requirement for most corporations and limited liability companies (LLCs) formed in 2024 and later.

If you can convert a personal vehicle to business use, you likely can increase your tax benefits—and do that without spending any money or driving another business mile.

Recent natural calamities in various parts of our nation have caused considerable distress. We want to bring to your attention some crucial tax-related implications and preventive measures you may consider.

Here are some crucial insights into depreciation, particularly regarding business or rental assets.

We have some critical updates on the pass-through entity tax (PTET), which has recently become the rule in most states rather than the exception.

The distinction between repair expenses and improvement costs can impact your tax benefits.

Here’s some crucial information on how to document expenses during business travel.

Strategic Insights for Employing Your Spouse