Update on depreciating business assets
September 7, 2023
Inflation has some beneficial side effects. One is that the amount of depreciation tax breaks your business can claim has increased for 2023. Here are the rules.
Plan now for year-end gifts with the gift tax annual exclusion
September 6, 2023
The estate and gift tax exemption amount is scheduled to be cut drastically in 2026 when the related Tax Cuts and Jobs Act provisions expire (unless Congress acts to extend them). Making tax-free gifts before then can cut the size of your taxable estate and may be one way to address this potential threat.
Many employers struggle with return-to-office programs
September 5, 2023
Employers: Do you have a “return-to-office” program in place? If so, it’s critical to monitor how well the program is working. Recent surveys indicate many employers aren’t doing so well with theirs.
Financial statements at a glance
September 1, 2023
Can you name the three reports that make up a comprehensive set of financial statements under U.S. GAAP? To get a holistic assessment of your organization’s performance, it’s important to look beyond profits.
Divorcing business owners should pay attention to the tax consequences
August 30, 2023
Divorce can be financially complicated, especially if one or both of the spouses owns a business.
