The “high-low” per diem method is a simplified way to reimburse employees who travel for your business compared to tracking actual business travel expenses. Here’s a look at the current per diem rates within the continental United States and the rates in certain high-cost locations. (view article)
Remote work can offer advantages for both employers and employees. But it may also lead to some tax surprises, especially if workers cross state lines. (view article)
Generally, except for home mortgage interest, personal interest expense isn't deductible for federal income tax purposes. Now, the One Big Beautiful Bill Act has added another exception for eligible car loan interest on qualified passenger vehicles. This article covers the eligibility rules. (view article)
Losses are a real possibility for businesses, whether they're new or well-established. The federal tax code may help soften the blow by allowing businesses to apply losses to offset taxable income in future years, subject to certain limitations. (view article)
Planning Strategies and Techniques Available Through End of Year(view article)
2026, 2025, and 2024 Pension Plan Limitations & Social Security Wage Base (view article)
The federal estate top tax rate is 40%. The Federal estate tax exemption is $15,000,000 for 2026 and $13,990,000 for 2025. The annual gift exclusion is $19,000 for both 2026 and 2025.
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For convenience purposes, we have listed below the current amounts of the Section 179 and bonus depreciation limits. As with all tax regulations, there are stipulations and exceptions. Please call us with any planning we can assist you with.(view article)
Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, the Financial Crimes Enforcement Network (FinCEN) is issuing an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act.(view article)
We were notified by the Peer Review Committee Reporting Acceptance Body that our most recent triennial peer review report with a pass rating was accepted. A "pass" rating is the highest form of rating a CPA firm can receive.(view article)
President Signs Omnibus Bill; Including Secure 2.0 Act of 2022(view article)
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