Overview In 2023, specific meal expenses remain deductible for businesses, under certain conditions. These expenses, referred to...

Overview (2023 Update) Maximizing tax savings through itemized deductions continues to be an effective strategy for reducing taxable...

Overview Navigating the world of large asset sales, like property or businesses, in 2023? Consider the installment sale approach. This...

Introduction The Sale of Home Exclusion remains a significant tax benefit for homeowners in 2023. This strategy, often referred to as the...

Introduction In the dynamic landscape of international trade, businesses continually seek avenues to enhance profitability and tax...

Overview: An HSA is a tax-preferred account designed to assist in covering or reimbursing medical expenditures. Annual contribution...

Introduction In 2023, the Health Savings Account (HSA) continues to be a vital tool for businesses aiming to offer tax-efficient medical...

Overview: In 2023, if you use a portion of your home exclusively for business, you may qualify for the home office tax deduction. This...

Overview: Business owners who designate their home office as their primary workspace may be eligible to claim deductions for travel...

Overview In 2023, business owners continue to benefit from the tax advantages of hiring their children. This approach, commonly known as...

Overview In 2023, self-employed individuals continue to have the opportunity to leverage the self-employed health insurance tax strategy....

Overview Fringe benefits are a unique form of compensation offered to employees for their services. These benefits range from insurance...

Overview In 2023, employers within the food and beverage sector can continue to claim the FICA tax credit for a portion of the social...

Overview: In 2023, families who have garnered substantial wealth can establish an office which collaborates with kin and family...

Overview Structuring your business as an S corporation enables income above a business owner’s reasonable compensation to be exempt from...

Overview Utilize a Schedule C to declare income or losses from a venture you managed or professional services you rendered as an...

Overview In 2023, a partnership business structure remains a viable avenue for entrepreneurs looking to pool resources and skills while...

Overview In 2023, businesses structured as C corporations will continue to find that profits retained in the business are taxed at a rate...

Overview When investors make contributions to a Donor-Advised Fund, which are treated as contributions to a public charity, they are...

Overview With the unpredictability of natural events, disaster relief becomes paramount. The Section 139 of the tax code is here to...