Oct.23, 2023
Business automobiles: How the tax depreciation rules work
Do you use an automobile in your trade or business? If so, you may question how depreciation tax deductions are determin...
Oct.16, 2023
What types of expenses can’t be written off by your business?
If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business...
Sep.21, 2023
Update on depreciating business assets
The Tax Cuts and Jobs Act liberalized the rules for depreciating business assets. However, the amounts change every year...
Sep.18, 2023
Divorcing business owners should pay attention to the tax consequences
If you’re getting a divorce, you know the process is generally filled with stress. But if you’re a business owner, tax i...
Sep.12, 2023
Purchasing Construction Equipment with Cash or Financing: What is the Impact on Your Financial Statements and Tax Returns?
Having the right equipment to do a job can be highly critical to the success of a construction company. Deciding whether...
Sep.5, 2023
SECURE 2.0 – IRS Delays Roth Catch-up Contribution Requirement to 2026
One of the key provisions of the SECURE 2.0 Act passed at the end of 2022 included a requirement that those earning over...