How will your 2024 and 2025 tax bills be affected by inflation?

Even though inflation has recently come down from its peak in 2022, The IRS will still be increasing tax amounts for several provisions. Here are the highlights. Standard deduction. What does an increased standard deduction mean for you? A larger standard deduction will shelter more income from federal income tax next year. For 2025, the […]

Business meals and entertainment: When are they deductible?

In recent years the rules have changed on what is considered deductible and how much is deductible. The rules can be confusing surrounding these expenses, so here is what can be deducted in 2024. Current law The Tax Cuts and Jobs Act eliminated deductions for most business-related entertainment expenses. That means, for example, that you […]

The best strategies for minimizing your taxes in 2024 and beyond

To help you make the most of the tax-saving opportunities available to you, we’re pleased to introduce our Tax Planning Guide. It offers a wide variety of strategies for minimizing your taxes. The guide covers: Tax Planning Basics Investing Real Estate Business & Executive Comp Family & Education Charitable Giving Retirement Estate Planning To keep […]

Business owners: Proper Cash Flow classification is Essential

Accurate financial statements are valuable resource for understanding your company’s performance, but the key is ensuring they’re prepared correctly. As your business grows and financial transactions become more complex, proper classification becomes increasingly challenging. Case in point: your statement of cash flows. Customarily, it shows the sources (money entering) and uses (money exiting) of cash. […]

Understanding taxes on employer-issued nonqualified stock options

Stock options provided by employers can be a significant financial asset for employees. In fact, many Silicon Valley success stories trace their wealth back to exercising stock options while working at start-up or rapidly expanding companies. We will now explain what you need to know about the federal income and employment tax rules for employer-issued […]

Retirement contribution limits are set to rise slightly in 2025

How much will you and your employees be able to contribute to your 401(k)s or other retirement plans in the coming year? According to Notice 2024-80, the IRS announced cost-of-living adjustments to the dollar limits for the retirement and other qualified plans for 2025. However, with inflation slowing, the increases are relatively modest. 401(k) plans […]

The Secret to B2B Growth: Marketing through the right channels

For business-to-business (B2B) companies, successful marketing starts with crafting credible, compelling messaging that captures attention. Equally important is selecting the most effective channels to reach your target audience. While digital marketing is essential, traditional strategies still hold value. A balanced approach that combines both proven and digital tactics is key to driving growth. Press releases […]