December 2023

Use the Tax Code to Make Business Losses Less Painful Whether you're operating a new company or an established business, losses can happen. The federal tax code may help soften the blow by allowing businesses to apply losses to offset taxable income in future years, subject to certain limitations. ... Read More

November 2023

How To Be Ready To Secure a Business Bad Debt Deduction on Your 2023 Tax Return Is your business having trouble collecting payments from clients or vendors? You might be able to claim a bad debt deduction on your tax return. But if you hope to take the deduction on your 2023 return, you'll have to ... Read More

October 2023

The Ins and Outs of the Home Office Deduction The pandemic changed the landscape of work for a lot of people, including the numerous business owners who began running their businesses from their homes. Many are still working from their home offices, whether full-time or on a hybrid basis. If you're... Read More

September 2023

Buy-Sell agreements Require Careful Planning Does your business have multiple owners? If so, you need a buy-sell agreement. This type of binding contract determines how (and at what price) ownership shares of a privately held business will change hands should an owner depart. There are also poten... Read More

August 2023

Featured Articles for August 2023 Tax Breaks for Teachers and Other Educators As the new school year begins, teachers, administrators, and aides should remember to keep track of any education-related expenses that could help reduce any tax owed next spring. Deducting Business-Related Ve... Read More