Jan.7, 2025
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...
Dec.30, 2024
Senior tax-saving alert: Make charitable donations from your IRA
If you’ve reached age 70½, you can make cash donations directly from your IRA to IRS-approved charities. These qualified...
Dec.26, 2024
Drive down your business taxes with local transportation cost deductions
Understanding how to deduct transportation costs could significantly reduce the tax burden on your small business. You a...
Dec.20, 2024
The tax treatment of intangible assets
Intangible assets, such as patents, trademarks, copyrights and goodwill, play a crucial role in today’s businesses. The ...
Dec.16, 2024
Self-employment tax: A refresher on how it works
If you own a growing, unincorporated small business, you may be concerned about high self-employment (SE) tax bills. The...
Dec.12, 2024
When can you deduct business meals and entertainment?
You’re not alone if you’re confused about the federal tax treatment of business-related meal and entertainment expenses....