Here’s a sampling of some significant tax law changes going into effect this year:
If You’re Closing Your Business, Don’t Forget These Tax Steps
Closing a business can be overwhelming. But it’s important not to let tax duties fall through the cracks. File a federal income tax return for your business’s final year and, if you have employees, make final federal tax deposits and report employment taxes.
Increase Business Deductions with Tangible Property Safe Harbors
Did your business make repairs to tangible property in 2025, such as buildings, equipment, or vehicles? In many cases, these costs may be fully deductible on your 2025 federal income tax return. However, expenses that qualify as improvements must generally be capitalized and depreciated over time.
Is Your Business Safe from Payroll Fraud?
Payroll fraud can be costly and devastating, especially for small businesses. According to the Association of Certified Fraud Examiners (ACFE), the median loss from payroll fraud schemes is $50,000, and long-term fraud, particularly by upper management, can reach millions of dollars.
Maximizing Your Exit: The 4 Paths to Selling Your Business
Comparing Business Exit Options
Selecting your business successor is a fundamental objective when planning your exit strategy. The ideal path strikes a balance between financial security, tax efficiency, and legacy.
The Tax Implications of Remote Work
Remote work can offer advantages for both employers and employees. But it’s not without challenges, such as unexpected tax consequences.
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).
Throwing a Party for Your Workforce? Know the Tax Rules
The holiday season is here once again, and for some workplaces, that means holiday parties. Although the rules for deducting business entertainment expenses changed several years ago, you may still qualify for some holiday party write-offs for this year, possibly even the entire cost.
As you plan, understand the rules so you can avoid potentially costly missteps.
Writing an AI Governance Policy for Your Business
Artificial intelligence (AI) is changing the way businesses operate. Its capacity to gather and process data, as well as to mimic human interactions, offers remarkable potential to streamline operations and boost productivity.
Compliance and Trends in Hybrid Work Models
If your business allows employees to perform their jobs under a hybrid work model, you’re certainly not alone. Ever since the pandemic initiated this shift, many companies have sought to strike a critical balance between allowing remote flexibility and requiring staff to come into the office (or another type of facility).