What’s Your Potential Business Vehicle Deduction?
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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April 15 Isn’t Only the Income Tax Return Filing Deadline, It’s Also the Gift Tax Return Filing Deadline
Many people are surprised to learn that they can be required to file a federal gift tax return even when no gift tax is owed. Here are the rules.
Read MoreWhen Nonprofit Teams Don’t See Eye to Eye on Financial Reporting
When Accounting and Development teams clash, nonprofits pay the price. Learn how better coordination protects funding and strengthens your mission.
Read MorePlay It Smart By Naming Co-Executors
Naming a trusted family member as executor may be a natural choice, but it may not be the best one. Here’s why naming a professional advisor as a co-executor is often a better option.
Read MoreDeferring Taxes on Advance Payments
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.
Read MoreTo Maximize — Or Not to Maximize — Depreciation Deductions on Your 2025 Tax Return
Claiming the maximum depreciation deductions you can on your 2025 income tax return will generally provide the greatest 2025 tax savings. But sometimes it may be better to depreciate business assets over a period of years.
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