The outcome of the November 5 election is likely to significantly impact taxes.

It’s been an especially difficult year for victims of natural disasters, including those affected by Hurricane Milton and Hurricane Helene. Taking advantage of the casualty loss deduction can help ease the financial pain.

For business owners, the use of vehicles is a critical component of the operations of a business. Whether it’s driving to a client’s office or an off-site project location or delivering products to customers, vehicles play a major role in the success of a business. That’s why it is essential for business owners to be aware of the tax rules and guidelines when deducting ordinary and necessary expenses related to operating vehicles for a business.

Traditional audit processes are being transformed by advanced technologies and new methodologies, making audits more robust and reliable.

In April 2024, the Federal Trade Commission (FTC) approved a final rule prohibiting most noncompete agreements with employees. The ban was scheduled to take effect on September 4, 2024, but ran into multiple court challenges. Now the court in one of those cases has knocked down the rule, leaving its future uncertain.

The Pass-Through Entity Elective Tax Payment Credit is a tax credit introduced at the state level in response to the Tax Cuts and Jobs Act (TCJA) of 2017 in the United States.

Starting a new business venture is exhilarating, but choosing the right accounting method is often overlooked. It’s crucial for accurate financial records, informed decisions, and tax compliance. Join us as we explore various accounting methods for startups, offering insights to make informed decisions.

Accounting is vital for financial health and compliance, yet in-house management can strain resources. Outsourcing offers a potentially cost-effective alternative, but its long-term affordability warrants exploration of various factors.

Strategically plan your small business budget in 2024 for financial stability and growth. Learn key strategies and tips for success.

Businesses that file 10 or more information returns must now file them electronically.