insights
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We provide our clients with the most up-to-date industry insights on a wide range of relevant topics.
Key 2024 Inflation-Adjusted Tax Parameters for Business Owners
11/20/23 9:48 AMThe IRS recently announced their 2024 inflation adjustments. Here’s a rundown of the amounts that are most likely to aff...
A Cost Segregation Study May Cut Taxes and Boost Cash Flow
11/13/23 8:35 AMIs your business depreciating over 30 years the entire cost of constructing the building that houses your enterprise? If...
Take Action Now to Reduce Your 2023 Income Tax Bill
11/9/23 9:54 AM2023 Year-End Tax Planning: 6 Strategies to Implement Now A number of factors are making 2023 a confounding tax planning...
New Per Diem Business Travel Rates Kicked in on October 1
10/30/23 12:24 AMIn Notice 2023-68, the IRS announced the 2023-2024 per diem rates that became effective October 1, 2023. Taxpayers can u...
IRS Offers a Withdrawal Option to Businesses That Claimed ERTCs
10/27/23 10:22 AMRecent IRS warnings and announcements regarding the Employee Retention Tax Credit (ERTC) have raised some businesses’ co...
The Social Security Wage Base for Employees and Self-Employed People is Increasing in 2024
10/26/23 11:46 AMThe Social Security Administration recently announced that the wage base for computing Social Security tax will increase...
How IRS Auditors Learn About Your Business Industry
10/10/23 9:35 AMEver wonder how IRS examiners know about different industries so they can audit various businesses? They generally do re...
What Types of Expenses Can’t Be Written Off By Your Business?
10/4/23 10:05 AMIf you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business...
Estate Planning: Letter of Instruction to Your Spouse
9/25/23 10:32 AMHow to Write a Letter of Instruction As part of your estate plan, it’s a good idea to have a letter of instruction to yo...
2023 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers
9/25/23 8:02 AMPrepare Your Business with These Q4 2023 Tax Deadlines Here are some of the key tax-related deadlines affecting business...