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.

As 2025 quickly comes to a close, and you begin making plans for the holiday season, we want to take a chance to remind S  Corporation shareholders to include planning for the required tax reporting and withholding requirements for health  insurance premiums paid by an S Corporation on behalf of more than 2 percent shareholder-employees.

As the end of the year fast approaches, we want to remind you of the tax reporting required for personal use of company provided vehicles. Law Fringe benefits provided to an employee are taxable to the employee and must be reported in his/her income unless the law specifically excludes the benefit. This rule includes the […]

Managing payroll goes far beyond compensating employees. Each paycheck carries a series of tax responsibilities that must be handled with precision to remain compliant. Consistent, accurate payroll tax management is vital to safeguarding your company’s reputation and preventing unnecessary penalties. Regularly reviewing your payroll tax processes and responsibilities helps ensure compliance and keeps your operations […]