Keeping careful business records for meal and vehicle expenses can safeguard your tax deductions. Here are some DOs and DON’Ts.
What’s in the Fiscal Responsibility Act?
With a financial crisis averted, let’s take a look at the highlights of the Fiscal Responsibility Act.
The IRS has just announced 2024 amounts for Health Savings Accounts
Does your business provide Health Savings Accounts (HSAs) to employees? The IRS has announced the inflation-adjusted amounts for 2024. Here they are, along with the benefits of HSAs
If you’re hiring independent contractors, make sure they’re properly handled
These days, many businesses are filling vacant positions and saving money by using independent contractors. Here are the basic rules to help keep you out of trouble with the IRS.
Use proactive measures to manage materials and labor costs
Construction business owners: Are you doing everything you can to manage materials and labor costs in today’s inflationary environment? Here are some strategies to consider.
Social Security’s future: The problem and the proposals
The future of Social Security is in peril. Here’s a look at the current situation and potential solutions.
The IRS clarifies what counts as qualified medical expenses
Can you deduct a gym membership as a medical expense on your tax return? What about nutritional supplements? The IRS recently answered these and other questions.
IRS guidance coming regarding the IRA’s Clean Vehicle Credit
Will the electric vehicle you have your eye on qualify for the Clean Vehicle Credit?
Choosing an entity for your business? How about an S corporation?
There are several choices of entities for a new business venture. What about an S corporation? Here are the advantages.