Remote work can offer advantages for both employers and employees. But it’s not without challenges, such as unexpected tax consequences.
Simplify Expense Reporting With High-Low Travel Per Diem Rates
The “high-low” per diem method is a simplified way to reimburse employees who travel for your business compared to tracking actual lodging, meal, and incidental expenses.
NOL Deductions Can Ease the Pain of Business Losses
For income tax purposes, a business loss generally occurs when a business’s deductions for the year exceed its revenue. Any business, whether new or established, can face losses. Fortunately, the net operating loss (NOL) deduction can turn the pain of a loss this year into tax savings for next year and, perhaps, beyond.
What Are the Tax Consequences of Employee Gifts?
The holidays are a time for gratitude, and many employers show appreciation by giving gifts to their staff. Different types of gifts can have different tax consequences.
So whether it’s a gift card, a holiday turkey, or a year-end bonus, it’s important to know how the IRS will treat the gift.
401(k) Compliance Guide: Fiduciary Duties, Fees & Administration
2025 401(k) Plan Compliance Guide: Fiduciary Oversight, Fees, and Administration
If your business sponsors a 401(k) plan for employees, managing it is more than a formality — it’s a legal responsibility. Under the Employee Retirement Income Security Act (ERISA), plan sponsors have a fiduciary duty to act prudently and solely in the best interest of participants.
6 Year-End Tax Strategies to Reduce Your Business Taxes
Year-round tax planning produces the best results, but December still offers opportunities to reduce your business taxes. Use these six strategies before year-end:
New QPP Deduction Can Save Manufacturers Significant Taxes
The One Big Beautiful Bill Act (OBBBA) allows 100% first-year depreciation for nonresidential real estate that’s classified as qualified production property (QPP).
Mergers & Acquisitions Tax Guide: Asset vs. Stock Sales
Whether you’re selling your business or acquiring another company, the tax consequences can significantly impact the success of a transaction. Before entering a merger or acquisition, it’s essential to understand the potential tax impact.
Tips To Avoid Credit Card Debt This Holiday Season
Typically, credit card balances follow a seasonal pattern, increasing significantly in the fourth quarter and coinciding with holiday shopping. This year is no exception; unfortunately, it coincides with higher credit card interest rates. With more people than ever depending on credit cards to cover basic expenses due to inflation, this could lead to an ever-increasing debt load. In fact, credit card balances are approaching pre-pandemic levels, increasing by $38 billion (a 15 percent increase year-over-year) since the second quarter – the largest increase in more than 20 years (Federal Reserve Bank of New York).
Education Benefits Attract & Retain Employees While Saving Taxes
Your business can attract and retain employees by providing education benefits that enable team members to improve their skills and gain additional knowledge, all on a tax-advantaged basis. Here’s a closer look at some education benefits options.