1.7.25
How Section 1231 Gains and Losses Affect Business Asset Sales
When selling business assets, understanding the tax implications is crucial. One area to focus on is Section 1231 of the Internal Revenue Code, which governs…
12.12.24
Business Alert: BOI Reporting Requirements Have Been Suspended for Now
New beneficial ownership information (BOI) reporting requirements that many small businesses were required to comply with by January 1, 2025, have been suspended nationwide under…
12.9.24
What Local Transportation Costs Can Your Business Deduct?
Understanding how to deduct transportation costs could significantly reduce the tax burden on your small business. You and your employees likely incur various local transportation…
12.6.24
Artificial Intelligence (AI) & Occupational Fraud
The ever-growing use and rapid advancement of artificial intelligence (AI) presents numerous opportunities to build efficiencies within the workplace. However, its misuse also raises significant…
12.6.24
Are Your Job Candidates Honest? A Look at Resumé Fraud
Job applicants must work hard to stand out in a crowded marketplace. For some, that means bending the truth — or outright lying — about…
12.6.24
How Cybersecurity and Physical Security Go Hand in Hand
Protecting your small business from theft is far more complex than it used to be. Gone are the days when locking the doors was enough…
12.6.24
Help Protect Your Employees’ 401(K) Plan Savings From Fraud
Recently, a 401(k) plan participant was defrauded of approximately $740,000 when he fell victim to an elaborate scheme perpetrated by overseas criminals. However, even friends,…
12.6.24
Not Every Disaster Allows for a Casualty Loss Tax Deduction
Many Americans have become victims of natural disasters in 2024. Wherever you live, unexpected disasters may cause damage to your home or personal property. What’s…
12.6.24
Feeling Charitable? Be Sure You Can Substantiate Your Gifts
As the end of the year approaches, many people give more thought to supporting charities they favor. To avoid losing valuable charitable deductions if you…
12.6.24
A Cost Segregation Study May Cut Taxes and Boost Cash Flow
A cost segregation study is a strategic tax planning tool that allows a business property owner to accelerate depreciation deductions. That, in turn, will enable…