February 2025

Updated Guide to Robust Depreciation Write-offs for Your Business Tax-saving benefits are generally available when your business puts newly acquired qualifying assets into service. Under Section 179 of the tax code, companies can take substantial depreciation deductions, subject to various limits a... Read More

January 2025

Unlocking the Potential Benefits of ESOPs Wouldn’t it be great if your employees worked as if they owned part of the company? An employee stock ownership plan (ESOP) could make that a reality. Under an ESOP, employee participants gain partial ownership of the business through a retirement savi... Read More

December 2024

The U.S. Election Outcome Likely to Have Major Impact on Taxes Having won control of the White House, the Senate and the House of Representatives, Republicans will have the opportunity to move forward their vision for federal taxes. What might this mean? First, many provisions in President-Elect... Read More

November 2024

7 Year-End Tax Planning Tips for Individuals As the holidays approach, it’s time to consider tax planning moves that will help lower your 2024 taxes, as well as set you up for tax savings in future years. Here are seven year-end tax planning ideas to consider. 1. Strategize on the Standard Deduc... Read More

October 2024

Boost Morale and Save Taxes with Achievement Awards Some small businesses struggle with employee morale for a variety of reasons, one of which may be economic uncertainty. If you want to boost employees’ spirits without a big financial outlay, an achievement awards program is a relatively low-cos... Read More