News

Did your business receive more than $10,000 in cash? You may be required to file Form 8300 with the IRS. Learn what counts as “cash” and how to stay compliant.

Recordkeeping may not be glamorous, but it’s one of the most powerful tools to protect your business and maximize tax benefits. Here are the details of a recent court case that underscores the importance of keeping strong records, along with six key practices.

Do you and your spouse operate a small business together? Here are some tax-saving strategies to explore.

If your business has incurred domestic research and experimental expenses in 2025 (or incurred them in 2022, 2023 and/or 2024), you may have a new tax-saving opportunity this year.

Divorce is stressful, and for business owners, the tax stakes are even higher. Learn how to avoid costly surprises when dividing your business ownership interest.

Tired of sending a chunk of your income to Uncle Sam? Switching your unincorporated business to an S corporation could result in more money in your pocket.

Launching or restructuring a business? Your choice of entity could make or break your tax strategy. Here’s a quick rundown of five entity types and their tax implications.

Starting next year, the federal government is finally updating a burdensome business tax filing requirement that’s been around since the 1950s! Here’s what will change when paying independent contractors.

Some of the biggest and best changes in the new tax law involve the rules for depreciating business assets. Here’s how you can benefit.

You’ve probably heard that the One, Big, Beautiful Bill Act has been enacted. What will it mean for taxes and your business?

Thinking of investing in, or restoring, a historic building for your business? The federal tax code may reward you with a tax credit. Here’s how it works.

Health Savings Account (HSA) update for employers: If your business offers HSAs, the IRS recently released the 2026 inflation-adjusted amounts. Here they are, along with the benefits of HSAs.

Before you open for business, learn how start-up expenses are handled on a federal tax return.

To help justify your business expenses, it’s important to keep careful business records. Here are some DOs and DON’Ts based on a recent court case.

You’ve probably heard about The One, Big, Beautiful Bill in Congress. If enacted, what does it mean for your business?

The deductibility of research and experimental expenses is limited for businesses. However, The One, Big, Beautiful Bill may significantly improve the deduction. Here’s the story.

Turn business trips into tax breaks! Here are the rules for deducting travel without hitting turbulence with the IRS.

Having a tough year? Find out how net operating losses can convert today’s setbacks into brighter tax savings in the future.

Many businesses turn to independent contractors to fill open roles and reduce costs. To avoid costly issues with the IRS, it’s important to understand the key rules that govern worker classification.

As a C corporation or S corporation business owner, setting your own salary can be tricky. If it’s too high or too low, the IRS may step in. Here’s how to help ensure your compensation is considered reasonable, which helps keep your tax deductions intact.

A Section 127 educational assistance plan can be a smart investment for your business. With this tax-favored benefit, employees can finish degrees, pursue graduate study and even pay off student loan debt.

As a small business owner, you might hesitate to establish a retirement plan due to the administrative complexities involved. However, there are two alternatives worth considering that come with fewer requirements than traditional qualified retirement plans.

Are you considering bringing your high-school- or college-age child into your business this summer? If you hire him or her, it could be a smart move with substantial tax advantages.

Unpaid taxes withheld from your company’s employees might come back to bite you harder than you think. Find out how the 100% penalty can sink its teeth into your personal finances.

Unless you’re eligible for an exception, you may not be able to deduct rental real estate tax losses for years. Here are the details of the exceptions.