From the moment they launch their companies, business owners are urged to use key performance indicators (KPIs) to monitor performance. And for good reason: When you drive a car, you’ve got to keep an eye on the gauges to keep from going too fast and know when it’s time to service the vehicle. The same […]
Read More… from So many KPIs, so much time: An overview for businesses
If you’ve reached age 70½, you can make cash donations directly from your IRA to IRS-approved charities. These qualified charitable distributions (QCDs) may help you gain tax advantages. QCD basics QCDs can be made from your traditional IRA(s) free of federal income tax. In contrast, other traditional IRA distributions are wholly or partially taxable, depending […]
Read More… from Senior tax-saving alert: Make charitable donations from your IRA
In one way or another, most small to midsize businesses have addressed employees using personal devices for work. In 2022, online career platform Zippia reported that 83% of companies surveyed had a bring your own device (BYOD) policy “of some kind.” That percentage has likely increased as even more businesses have recognized the inherent risks […]
Read More… from Businesses need to stay on top of their BYOD policies
The saga of the beneficial ownership information (BOI) reporting under the Corporate Transparency ACT (CTA) rages on. On February 18, 2025, the U.S. District Court for the Eastern District of Texas lifted the nationwide injunction on CTA enforcement, thereby reinstating the BOI reporting requirements. This should be the last of the many obstacles that has […]
Read More… from Beneficial Ownership Information (BOI) Reporting is On AGAIN
As most of you know, we overly geek out over tax legislation and its impact on our clients. We are in hyper mode as we watch the current tax legislation unfold. The first inning of the game has just begun. On February 25, 2025, the House of Representatives narrowly passed a sweeping budget resolution with […]
Read More… from The First Inning of the Tax Debate Has Begun
There has been so much misconduct regarding conservation easements, that we thought it would be worthwhile to revisit this topic. All of the drama and targeting has been around syndicated conservation easements. These structures are designed to sell interests in a partnership that derives its value from the tax savings of the easement. Needless to […]
Read More… from Why Consider a Non-Syndicated Conservation Easement?
As no surprise, as the Biden Administration was leaving office, they were quick to finalize a variety of proposed regulations to insure they did not get stalled after the new administration took office. On January 10, 2025, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) released final regulations concerning micro-captive insurance […]
Read More… from Understanding and Navigating New Regulations for Micro Captives
President Trump and the Republican Congress plan to act swiftly to make broad changes to the United States — including its federal tax system. Congress is already working on legislation that would extend and expand provisions of the sweeping Tax Cuts and Jobs Act (TCJA), as well as incorporate some of Trump’s tax-related campaign promises. […]
Read More… from President Trump’s tax plan: What proposals are being discussed in Washington?
The House Ways & Means Committee has recently released a significant memo outlining various potential tax options. This document provides a comprehensive look into the committee’s considerations for future tax legislation and reforms, offering a glimpse into the evolving landscape of U.S. tax policy. OverviewThe memo serves as a crucial reference point for understanding the […]
New and used “heavy” SUVs, pickups and vans placed in service in 2025 are potentially eligible for big first-year depreciation write-offs. One requirement is you must use the vehicle more than 50% for business. If your business usage is between 51% and 99%, you may be able to deduct that percentage of the cost in […]
Read More… from Small business strategy: A heavy vehicle plus a home office equals tax savings
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