Chart a Tax Course for Business Travel
Business owners sometimes add a few extra days of leisure to their business trips, whether to relax by the beach or visit family members who live in different cities. With proper planning and documentation, you may be able to deduct some costs — such as transportation, lodging and meals — as legitimate business expenses. Here's a refresher on the tax rules for business vs. personal travel.
Read More Federal Tax News for Businesses
1. A report to help prevent and detect money laundering
2. Guidance for emergency savings accounts
3. New depreciation limits for certain business vehicles
4. Follow the tax rules to limit tax trouble
5. A credit to incentivize manufacturers
Read More Brush Up on Campaign Contributions Rules
Fundraising is already in full swing for the November 2024 elections. Are you planning to donate to a favorite local or federal candidate? Before opening your wallet, it's important to understand the rules that apply to campaign contributions made by individuals and businesses.
Read More Growth Strategies: How to Take Your Business to the Next Level
As your small business grows, it will encounter many new challenges and opportunities. Here's how to tackle top concerns — such as financial and tax reporting, marketing, strategic decision making, working capital and risk management — to minimize growing pains during this critical stage of business development.
Read More Federal regulators expand overtime pay requirements, ban most noncompete agreements
Two new federal rules regarding overtime pay and noncompete agreements have recently been adopted.
Read More IRS extends relief for Inherited IRAs
If you’ve inherited an IRA, you need to know about the latest IRS guidance.
Read More IRS issues guidance on tax treatment of energy efficiency rebates
The IRS has offered guidance regarding the tax treatment of energy efficiency rebates introduced by the Inflation Reduction Act.
Read More President Biden’s proposed budget highlights his tax agenda
President Biden has laid out his proposals for tax law changes in the fiscal year 2025 budget.
Read More Independent contractor vs. employee status: The DOL issues new final rule
The deadline to comply with a new U.S. Dept. of Labor rule regarding worker classification is fast approaching. Is your company ready?
Read More Federal Tax News for Individuals
1. Working from a home office?
2. Deduction vs. credit?
3. It pays to be energy efficient
4. What exactly is gross income?
5. Data security at the IRS
Read More Tax Breaks for Employer-Paid Education Expenses
Are your employees interested in pursuing work-related education or even an advanced degree? Businesses that invest in their employees' education can upskill their current workforce, boost morale and build loyalty among workers. Plus, it can be a tax-smart move. Here's an overview of the two primary options for offering it as a fringe benefit or setting up an educational assistance program.
Read More 2024 Tax Calendar
Reference this tax calendar to learn the 2024 deadlines for various tax-related forms and payments.
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