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From Flights to Meals: A Guide to Business Travel Tax Deductions
November 5th, 2024
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Tax
As a business owner, you may travel to visit customers, attend conferences, check on vendors and for other purposes. Understanding which travel expenses are tax deductible can significantly affect your […]
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How Your Business Can Prepare for and Respond to an IRS Audit
October 24th, 2024
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Audit |
Tax
The IRS has been increasing its audit efforts, focusing on large businesses and high-income individuals. By 2026, it plans to nearly triple its audit rates for large corporations with assets […]
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Employers: In 2025, the Social Security Wage Base is Going Up
October 22nd, 2024
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Tax
As we approach 2025, changes are coming to the Social Security wage base. The Social Security Administration recently announced that the wage base for computing Social Security tax will increase […]
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Board Independence is About More Than Avoiding Conflicts of Interest
October 17th, 2024
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Tax
Are your not-for-profit’s board members independent? Your immediate response is probably, “of course!” But contrary to what many nonprofit leaders and staffers might think, director independence goes beyond avoiding conflicts […]
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Ease the Financial Pain of Natural Disasters with Tax Relief
October 15th, 2024
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Tax
Hurricane Milton has caused catastrophic damage to many parts of Florida. Less than two weeks earlier, Hurricane Helene victimized millions of people in multiple states across the southeastern portion of […]