Using Personal Credit Cards in an S Corporation and the Impact on Shareholder Basis
Using a personal credit card to pay for S corporation expenses is a nuanced topic that can affect shareholder basis […]
Eleventh Circuit Denies Alimony Deduction: Key Takeaways and Tax Planning Insights
In a recent case before the Eleventh Circuit Court of Appeals, a taxpayer was denied an alimony deduction after the
Will You Be Subject to Taxes on Venmo, Cash App, or PayPal Transactions?
If you’ve been using Venmo, Cash App, or PayPal to receive payments for goods or services, it’s important to know
Small Business Update 2025: Key Insights, Strategies, and Opportunities
Staying ahead in today’s dynamic marketplace requires small business owners to monitor the latest developments closely, particularly as we enter
Retail Industry Trends Small Businesses Should Embrace for Success
The retail landscape has evolved dramatically in recent years—accelerated by changing consumer behavior and rapid technological advancements. As a small
7 Key Tax Terms Every Small Business Owner Should Know
Navigating the world of taxes can be overwhelming—especially for small business owners trying to juggle day-to-day operations alongside financial obligations.
Maximizing Tax Savings: Understanding Qualified Improvement Property (QIP)
Understanding the tax implications of property improvements is crucial for small business owners and real estate investors. One significant area
Boost Your Landscaping Business Savings: A Comprehensive Guide to the IRS Fuel Tax Credit
In today’s competitive environment, every opportunity to reduce expenses can significantly impact your landscaping business’s bottom line. One such opportunity
Unlocking Value: Mastering Purchase Price Allocation for Business Asset Sales
Understanding purchase price allocation (PPA) is vital for business owners navigating asset sales in today’s competitive market. Whether you plan
Essential Record-Keeping Tips for Short-Term Rental Owners: Stay Organized and Maximize Your Tax Deductions
Managing a short-term rental property can be a lucrative venture, but it comes with its own set of responsibilities, particularly