Latest News and Information

Audit season is just around the corner for calendar-year entities. Understanding the types of source documents your audit team might request can minimize disruptions during

If you’ve reached age 70½, you can make cash donations directly from your IRA to IRS-approved charities. These qualified charitable distributions (QCDs) may help you

As a small business owner, managing health care costs for yourself and your employees can be challenging. One effective tool to consider adding is a

As the year winds down, many employers have wrapped up open enrollment and are preparing to administer their 2025 benefits packages. When it comes to

Inflation can have a significant impact on federal tax breaks. While recent inflation has come down since its peak in 2022, some tax amounts will

You’re not alone if you’re confused about the federal tax treatment of business-related meal and entertainment expenses. The rules have changed in recent years. Let’s

As 2024 winds to a close, employers need to strategize about various issues for the next calendar year. One of them is compensation — specifically,

The Inflation Reduction Act (IRA), enacted in 2022, created several tax credits aimed at promoting clean energy. You may want to take advantage of them

If you own a growing, unincorporated small business, you may be concerned about high self-employment (SE) tax bills. The SE tax is how Social Security

Qualified retirement plans have become fundamental elements of most employers’ benefits packages. Because so many people now rely on them to amass retirement savings, the

Financial statements help managers, lenders and investors evaluate a company’s financial performance. But they tell only part of the story — and they might not

Giving Tuesday is a global event that promotes charitable giving and awareness for philanthropic causes. This year, it falls on December 3. While many people donate

Employee stock options remain a potentially valuable asset for employees who receive them. For example, many Silicon Valley millionaires got rich (or semi-rich) from exercising

How much can you and your employees contribute to your 401(k)s or other retirement plans next year? In Notice 2024-80, the IRS recently announced cost-of-living

On November 1, the U.S. Bureau of Labor Statistics (BLS) published its Employment Situation Summary for October 2024. Commonly known as “the jobs report,”

Hiring household help, whether you employ a nanny, housekeeper or gardener, can significantly ease the burden of childcare and daily chores. However, as a household

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

In case you missed it, the Employee Retirement Income Security Act (ERISA) turned 50 earlier this year. If your organization has been administering employee benefit