ARTICLES

Several new information reporting changes are taking effect for businesses in 2026, including updated payroll reporting requirements and higher Form 1099 thresholds. Here’s what employers and business owners should know to stay prepared and compliant.

Filing your tax return is only the first step. Learn how to check your refund, consider amending your return, organize records, and start planning for 2026 taxes.

Debt restructuring is a strategic approach that helps businesses realign loan obligations with current cash flow and operational needs. With the right guidance, restructuring can be a proactive financial decision, and not a last resort.

Discover the $25 Rule, exceptions for gifts to businesses and married couples, and tips for recordkeeping to make your business gifts both meaningful and tax-efficient.

Understand how passive activity loss (PAL) rules affect LLC and LLP owners’ ability to deduct business losses, what counts as a passive activity, and when material participation lets losses offset other income.

Review key tax deadlines beyond the April 15th deadline. Keeping up with these deadlines can significantly impact your tax situation.

Mistakes on a tax return aren’t the end of the world. Learn how to amend a previously filed return, when it’s necessary, and what steps to take to ensure corrections are handled properly and efficiently.

Holding real estate separately from your business brings benefits like liability protection, tax savings, and estate planning options. This article explains why owners choose this approach, how it works, and if it's suitable for your business.

With the tax deadline approaching, you can still reduce your 2025 tax bill. This article covers last-minute depreciation tactics like bonus depreciation, Section 179, and QBI to help you save before filing.

You still have time to make a 2025 IRA contribution — but the deadline is April 15, 2026. This article breaks down contribution limits, tax deductions, income eligibility, and strategies like backdoor Roth IRAs to help you maximize your retirement savings.

Missing the tax deadline without filing an extension can mean costly penalties and interest. This article breaks down what happens when you file late, what it could cost you, and how to take action to reduce the financial impact.

Hurrying to file taxes can cause mistakes and overlook deductions. Requesting an extension gives you extra time to gather documents and file accurately, making tax season less stressful and more strategic.

April 15 is not just the tax filing deadline, it’s a prime moment to review tax-saving strategies and ensure compliance. Consult a trusted tax professional to avoid costly errors and make the most of your tax benefits.

Set up a SEP IRA before filing your 2025 taxes to reduce your tax bill. Learn deadlines, contribution limits, and how this simple plan can benefit business owners.

S corporations provide tax benefits and liability protection, but business owners must follow IRS rules to keep their status. This article explains the main requirements, risks, and steps to maintain S corporation election.

Payroll requires careful management of federal, state, and local tax obligations. This article outlines key payroll tax responsibilities, including FICA, FUTA, additional Medicare tax, and state unemployment insurance, helping business owners stay compliant and confident in their processes.

The Social Security Administration has raised the wage base for 2026 to $184,500, affecting payroll taxes for both employees and self-employed individuals. Learn more.

Recent tax law changes could allow some businesses to deduct more interest expense starting in 2025. Learn how updated rules for business interest deductions may impact your tax planning.

Determine if your business expenses are tax deductible, and clarify the “ordinary and necessary” standard and common substantiation pitfalls. Get practical examples and advice to prepare documentation for your tax return.

Choosing the right tax structure is one of the most important decisions when starting a business. Learn how S corporation status works, who qualifies, and the potential tax advantages and drawbacks business owners should consider before making the election.