ARTICLES

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.

The March 16, 2026 deadline is approaching for partnerships, LLCs taxed as partnerships, and S corporations. Be aware of key 2025 tax law changes that may impact your business.

Get straightforward tips on recognizing valid business deductions for 2025. Learn vital IRS rules, prevent deduction mistakes, and keep your records organized for filing.

The 2026 tax filing season is now underway. Here are 10 frequently asked questions about the new tax year, including filing tips, refund timelines, ways to prevent identity theft, and payment options for your 2025 tax return.

The new year brings updated tax limits and thresholds that can impact business deductions, retirement planning, and employee benefits. This overview highlights key 2026 business tax figures to help business owners plan ahead with confidence.

As December approaches, proactive tax planning can help you minimize liabilities and make filing easier. Our guide outlines ten smart steps to ensure you’re prepared for tax season and ready to take advantage of valuable deductions.

If you and your spouse jointly operate a small, unincorporated business, you may be paying more self-employment tax than necessary. Learn how spousal partnerships are treated for tax purposes and three effective strategies to help lower your tax burden.

A major tax win for innovators: the OBBBA restores immediate deductions for U.S.-based research and experimental (R&E) costs. Small businesses may even amend prior returns to claim refunds. Learn how to optimize these opportunities, accelerate deductions, and boost your tax savings strategy.

New tax updates offer significant opportunities for small businesses to reduce taxable income and boost cash flow in 2025 and future years. If you plan to acquire new equipment, vehicles, or property improvements, now is the time to review your depreciation strategy.

Discover how divorce affects business owners, including tax-free asset transfers, future tax consequences, and the importance of accurate business valuation. Learn practical strategies to protect your financial interests and maintain confidentiality throughout the process.

Protect your business from ownership disruptions. Learn how a properly funded buy-sell agreement ensures stability, liquidity, and tax efficiency.

Learn how the Qualified Business Income (QBI) deduction can lower your tax bill and which strategies help business owners maximize this valuable benefit.

High self-employment taxes can take a big bite out of your small business income. Converting to an S corporation may help reduce those taxes and boost your take-home pay. Learn how the structure works, what to consider before switching, and whether it’s the right move for your business.

As a new fiscal year approaches, now’s the time to improve your company’s budgeting process. This article outlines five key ways to create more accurate, collaborative, and effective budgets.

Choosing the right business structure is one of the biggest decisions new entrepreneurs make. This guide breaks down how each entity type is taxed, from sole proprietorships to corporations, so you can make an informed choice. Discover which setup best fits your goals, tax strategy, and growth plans.

Accurate recordkeeping is more than just good business practice — it’s key to maximizing deductions and staying compliant. A recent Tax Court case shows how poor documentation can cost taxpayers thousands. Discover six practical ways to strengthen your recordkeeping system and safeguard valuable tax breaks.

Getting a letter from the IRS doesn’t have to be intimidating. This article explains the most common types of IRS notices, why they’re sent, and what steps you can take to respond effectively — often with simple solutions.

A safe harbor 401(k) plan can help business owners avoid complex IRS testing and allow highly compensated employees to maximize contributions. This article explains how these plans operate, their contribution requirements, and the potential pros and cons for employers.