by Sarah Boehle Pool | Apr 29, 2024 | Latest News
Scrupulous records and legitimate business expenses are the key to less painful IRS audits If you operate a business, or you’re starting a new one, you know records of income and expenses need to be kept. Specifically, you should carefully record expenses to claim all...
by Sarah Boehle Pool | Apr 25, 2024 | Latest News
Should your business change its health care plan for next year? Open enrollment for most health care plans is many months away. That makes now a good time for businesses to consider changing their employer-sponsored coverage for next year, or perhaps to think about...
by Sarah Boehle Pool | Apr 24, 2024 | Latest News
Update on retirement account required minimum distributions If you have a tax-favored retirement account, including a traditional IRA, you’ll become exposed to the federal income tax required minimum distribution (RMD) rules after reaching a certain age. If you...
by Sarah Boehle Pool | Apr 22, 2024 | Latest News
Coordinating Sec. 179 tax deductions with bonus depreciation Your business should generally maximize current year depreciation write-offs for newly acquired assets. Two federal tax breaks can be a big help in achieving this goal: first-year Section 179 depreciation...
by Sarah Boehle Pool | Apr 18, 2024 | Latest News
B2B businesses: Assess customer credit carefully Does your company operate in the business-to-business (B2B) marketplace? If so, you’re no doubt aware of the double-edged sword that is customer credit. On the one hand, it’s common practice. Most customers likely...
