
Latest Posts


Coordinating Sec. 179 tax deductions with bonus depreciation
There’s more than one way for businesses to claim depreciation tax deductions. By combining them, you can get optimal tax-saving results.

Beware of a stealth tax on Social Security benefits
Many retirees are surprised to find out that some of their Social Security benefits are hit with federal income tax. Will you be one of them? Here are the rules.

Maximize the QBI deduction before it’s gone
The qualified business income (QBI) deduction is scheduled to disappear after 2025. Congress could extend it, but don’t count on it. Here’s what you need to know to make the most of it while you can.

Cash vs. accrual accounting: What’s the difference?
Is your business using the optimal method of accounting? What’s right depends on your company’s size, level of sophistication and other key factors.

Tax-wise ways to take cash from your corporation while avoiding dividend treatment
As you may know, dividends paid out by a corporation are taxable to shareholders and can’t be deducted by the business. But there may be ways to get cash out of your closely held corporation without dividend treatment.

9 tax considerations if you’re starting a business as a sole proprietor
Many new ventures start out as sole proprietorships. Here are nine considerations if you’re operating a business that way.

Auditing revenue recognition
Many companies struggle to follow the accounting rules for revenue recognition, particularly if they work on long-term projects. An external audit can help you get it right.

What’s the best accounting method route for business tax purposes?
Many businesses have a choice of using cash or accrual accounting for tax purposes. If you’re one of them, which route should you take? Here are the rules.