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4 TYPES OF INTEREST EXPENSES YOU MAY BE ABLE TO DEDUCT
Personal interest expense generally can’t be deducted for federal tax purposes. There are, however, exceptions. Here are four, one of which is a new break under the One Big Beautiful Bill Act (OBBBA), which was signed into law in 2025. MORTGAGE INTEREST Perhaps the most well-known interest expense deduction, home
6 ESSENTIAL TIPS FOR SMALL BUSINESS PAYROLL TAX COMPLIANCE
Staying compliant with payroll tax laws is crucial for small businesses. Mistakes can lead to fines, strained employee relationships and even legal consequences. Below are
QUESTIONS ABOUT TAXES AND TIPS? HERE ARE SOME ANSWERS FOR EMPLOYERS
Businesses in certain industries employ service workers who receive tips as a large part of their compensation. These businesses include restaurants, hotels and salons. Compliance
DEDUCT A LOSS FROM MAKING A PERSONAL LOAN TO A RELATIVE OR FRIEND
Suppose your adult child or friend needs to borrow money. Maybe it’s to buy a first home or address a cash flow problem. You may
THE 2024 GIFT TAX RETURN DEADLINE IS COMING UP SOON
If you made significant gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2024
UNDERSTANDING THE WORK OPPORTUNITY TAX CREDIT
According to the U.S. Bureau of Labor Statistics, the unemployment rate continues to be historically low, ranging around 4.0% in 2024. With today’s hiring challenges,
LOOKING AHEAD TO 2025 TAX LIMITS AS YOU PREPARE TO FILE YOUR 2024 RETURN
Right now, you are likely more concerned about your 2024 tax return than you are about your 2025 taxes. However, now is a good time
3 TYPES OF RETIREMENT PLANS FOR GROWING BUSINESSES
For companies that make it past their initial stage, there comes a time when they must loosen up the purse strings and start investing in
EARLY BIRD TIPS: ANSWERING YOUR TAX SEASON QUESTIONS
The IRS announced it will start the 2025 filing season for individual income tax returns on January 27. That’s when the agency began accepting and
HEALTHY SAVINGS: HOW TAX-SMART HSAs CAN BENEFIT YOUR SMALL BUSINESS AND EMPLOYEES
As a small business owner, managing health care costs for yourself and your employees can be challenging. One effective tool to consider adding is a