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...
Jan.6, 2025
1099 Filing Requirement Reminder
There is an important deadline on January 31, 2025, regarding the filing of your 1099. Form 1099 is often misunderstood ...
Dec.31, 2024
BOI Reporting Update
As you may have heard, the Corporate Transparency Act (CTA) was enacted by FinCEN and establishes reporting requirements...
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 ...