Don’t assume it’s too late to impact your tax bill for 2025. While year-round planning is ideal, several powerful strategies can still be implemented in December to significantly lower your tax liability. Here are six essential, last-minute actions business owners should consider ASAP to maximize deductions and minimize what they owe. 1. Postpone invoicing. If […]

As a small to midsize business grows, the demands on its time, talent and resources naturally increase. Many owners reach a stage where handling every function in-house — or personally — can hinder growth or create unnecessary risk for the company. If this sounds familiar, or if you are approaching this point, it may be […]

If you participate in a flexible spending account (FSA) through your employer to help cover health or dependent care costs, now is an appropriate time to review your remaining balance. While FSAs offer valuable tax savings, they generally require that eligible expenses to be incurred by year end or the unused funds may be forfeited.

Whether you are selling your business or acquiring another company, tax consequences can significantly influence the overall success of the transaction. Accordingly, any planned merger or acquisition should be preceded by a thorough evaluation of its potential tax impact. Asset sale or stock sale? From a tax standpoint, a transaction can basically be structured as […]

If your business offers a 401(k) plan, you already know it’s a lot to manage, but it is a responsibility that must be taken on with full force. Under the Employee Retirement Income Security Act (ERISA), you have a fiduciary duty to act prudently and put your employees’ interests first. Once your plan is up […]

Changes are coming to the itemized deductions beginning in 2026. Taxpayers in the top federal income tax bracket will see their itemized deductions reduced. Are you impacted? What’s changes are coming? And what can you do to mitigate the negative impact? Read on and see the answers to these questions and see what you can […]

On November 24, 2025, the White House issued a sweeping executive order that will significantly expand the federal government’s involvement in artificial intelligence. At the center of this policy is a bold new initiative housed within the Department of Energy (DOE): the “Genesis Mission.” According to the order, the Genesis Mission is a “dedicated, coordinated […]

As a business owner, you can see your team putting in the effort . But knowing if that hard work is actually boosting your bottom line isn’t always clear. The solution: Track productivity metrics. When calculated correctly and consistently, quantitative measures can help you see business reality much more clearly. Why the numbers matter No […]

Are you planning to make financial gifts to loved ones? If so, consider giving appreciated stock instead of cash. You might be able to eliminate all federal tax liability on the appreciation — or at least significantly reduce it. Leveraging lower rates Investors generally are subject to a 15% tax rate on their long-term capital […]

Showing appreciation with meaningful business gifts can strengthen relationships. They can also unlock valuable tax benefits when handled correctly. Unfortunately, the IRS limits most business gift deductions to $25 per person per year, a cap that hasn’t changed since 1962. Still, with careful planning and good recordkeeping, you may be able to maximize your deductions.