Expenses related to animals that protect business property or inventory may qualify for tax deductions. But the IRS draws a clear line between a working animal and a household pet. Learn the tax rules and required documentation.
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Grace periods for calendar-year flexible spending accounts (FSAs) are ending soon. If employees haven’t spent their 2025 FSA balances, unused amounts may revert to the employer. Here’s what IRS rules allow your business to do with forfeited funds.
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There’s much to consider before deciding whether to use the actual expense method or cents-per-mile method to deduct expenses for a vehicle your business placed in service in 2025.
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If your business uses the accrual method of accounting and received advance payments in 2025, you may be able to defer reporting some or all of that income until 2026 for federal tax purposes.
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Although the tax credit for providing health coverage to employees has been available for more than a decade and generally can be claimed for only two years, some small businesses may still be eligible.
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If in 2025 your business made building or equipment repairs or performed routine maintenance on vehicles or machinery, a safe harbor may allow you to claim valuable tax deductions.
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A SEP retirement plan is easy to establish and a powerful retroactive tax planning tool for business owners and the self-employed.
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Businesses: Don’t cast a shadow over tax filing season by missing this important deadline.
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The 2025 federal income tax return filing deadline for most partnerships, S corporations and LLCs is looming.
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Many, but not all, tax-related figures for businesses and their owners will increase for 2026, impacting your tax planning.
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Termination of S corporation status generally will result in the loss of substantial tax benefits. But there are steps you can take to protect S status.
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Businesses: A new tax year means some new rules for W-1 and 1099 reporting.
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Business owners: It’s not too late to reduce your 2025 taxes.
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Could your business qualify for a valuable new depreciation tax break?
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Does your business reimburse employees for travel expenses? Here’s what you need to know about “high-low” per diem rates.
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Guaranteeing a loan to your corporation? Without planning ahead, you may face unexpected tax implications.
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Did your business receive more than $10,000 in cash? You may be required to file Form 8300 with the IRS. Learn what counts as “cash” and how to stay compliant.
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Do you and your spouse operate a small business together? Here are some tax-saving strategies to explore.
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If your business has incurred domestic research and experimental expenses in 2025 (or incurred them in 2022, 2023 and/or 2024), you may have a new tax-saving opportunity this year.
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Divorce is stressful, and for business owners, the tax stakes are even higher. Learn how to avoid costly surprises when dividing your business ownership interest.
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