New and used “heavy” SUVs, pickups and vans placed in service in 2025 are potentially eligible for big first-year depreciation…
The Fifth Circuit has reinstated the Corporate Transparency Act (CTA) filing requirements, with most entities required to file by January…
Timing is critical in financial reporting. Under accrual-basis accounting, the end of the accounting period serves as a “cutoff” for…
Running a closely held business is challenging. Owners usually prioritize core business operations — such as managing employees, serving customers…
In today’s competitive business landscape, controlling costs while investing in talent has become a delicate balance. For C-suite executives, Human…
Does your business require real estate for its operations? Or do you hold property titled under your business’s name? It…
Let’s say you own real estate that has been held for more than one year and is sold for a…
Accurate bookkeeping is essential to operating a successful small business. The problems created by inadequate bookkeeping practices can have significant,…
The IRS recently released guidance providing the 2025 inflation-adjusted amounts for Health Savings Accounts (HSAs). These amounts are adjusted each…
There are several financial and legal implications when adding a new partner to a partnership. Here’s an example to illustrate:…