What types of expenses can’t be written off by your business?
October 2, 2023
You want to be able to deduct business expenses on your tax return. But in order to be deductible, expenses must be ordinary, necessary and reasonable. Here are the rules.
Spouse-run businesses face special tax issues
September 20, 2023
Many spouses operate small businesses together. Here’s a look at some of the tax issues they may face.
Evaluate whether a Health Savings Account is beneficial to you
September 19, 2023
Many employers offer Health Savings Accounts to their workers. You may also be able to open one of these tax-saving accounts through some banks and other financial institutions. Here are the basic rules.
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.
Would “interest crediting” help boost participation in your organization’s HRA?
August 24, 2023
More people than ever are involved in investing. Employers that offer HRAs may be able to leverage this trend by adding an “interest crediting” feature to their plans. Details here.
