The Social Security Administration has announced the wage base limit for 2026, and the change could have important implications for employees and the self-employed. Understanding how this update affects you and your taxes is key to staying compliant and planning ahead. Let’s take a closer look at what’s changing and how it may impact you.

Forecasting your business’s income for this year and the next can help you strategically time income and deductible expenses to maximize tax advantages. In many cases, it’s beneficial to defer income – and thus the related taxes – unless you expect to move into a higher tax bracket next year. Cash-basis businesses often have more […]

AI is changing the business landscape. It can process data at incredible speed, automate complex tasks, and replicate aspects of human communication, all of which can help efficiency and innovation. AI can also cause many issues. Employees might misuse the technology, whether by accident or on purpose, leading to ethical or legal issues. Unfortunately, most […]

 Health care costs are continually more expensive, but there are ways to manage the costs. One option is combining a high-deductible health plan (HDHP) with a health savings account (HSA). The HDHP lowers your monthly premiums, and the HSA lets you save pre-tax dollars to pay for medical expenses, including your deductible. 5 HSA tax […]

Paying deductible expenses before year-end can help reduce your 2025 taxes, and maybe even lock in long-term savings. Don’t forget to factor in the One Big Beautiful Bill Act (OBBBA), which made some of the Tax Cuts and Jobs Act’s (TCJA) tax changes permanent and altered others that had reduced available deductions. “Ordinary and necessary” […]

An employee wellness program is an initiative sponsored by an employer and specifically designed to foster the physical, mental, and emotional well-being of its workforce. While these programs can manifest in various ways, their core purpose remains consistent: to cultivate a healthier and more productive workplace. A thoughtfully structured wellness program also serves key business […]

Commercial real estate assets are generally required to be depreciated over 39 years. However, a significant tax break is available for certain interior business renovations, known as Qualified Improvement Property (QIP). These expenditures are often eligible for accelerated depreciation and may even qualify for an immediate, full deduction in the year they are placed in […]

Starting a new business is an exciting venture — but it also comes with a series of critical decisions that can shape your company’s future. One of the most important is determining how to structure your business for tax purposes. The choice you make early on can affect everything from your personal liability to how […]

Supporting charitable causes is often driven by generosity, not financial gain. Still, it’s worth knowing that certain giving strategies can make your generosity go further. One particularly effective approach is donating long-term appreciated stock instead of cash. By doing so, you may be able to increase your tax savings.   Not just a deduction Appreciated […]

The landscape of clean energy tax incentives is shifting once again. With the signing of the One Big Beautiful Bill Act (OBBBA) on July 4, 2025, many businesses will see both expanded opportunities and accelerated deadlines. While the law extends or enhances certain tax breaks, it also curtails several key clean energy incentives earlier than […]