by groupm7 | Apr 1, 2025 | Uncategorized
Are you starting a business with partners and deciding on the right entity? An S corporation might be the best choice for your new venture. One benefit of an S corporation One major advantage of an S corporation over a partnership is that shareholders...
by groupm7 | Mar 25, 2025 | Uncategorized
When it’s time to consider your business’s future, succession planning can protect your legacy and successfully set up the next generation of leaders or owners. Whether you’re ready to retire, you wish to step back your involvement or you want a solid contingency plan...
by groupm7 | Mar 25, 2025 | Uncategorized
Travel remains a critical expense for many businesses, whether for client meetings, networking, industry conferences or sales opportunities. However, travel and entertainment (T&E) costs can quickly spiral out of control, cutting into profits. Consider taking...
by groupm7 | Mar 25, 2025 | Uncategorized
There are some nice tax breaks for transportation-related employee fringe benefits. If your employer offers these tax-favored fringes, you should probably take advantage of them by signing up. Here’s a quick summary of the current federal tax treatment of...
by groupm7 | Feb 27, 2025 | Uncategorized
The newly enacted Federal Disaster Tax Relief Act of 2023 allows individual taxpayers affected by federally declared disasters to deduct personal casualty losses without itemizing deductions and without the typical reduction of $100 per casualty loss and 10% of...
by groupm7 | Feb 27, 2025 | Uncategorized
On January 5, 2025, the Social Security Fairness Act was signed into law, ending the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO). These two provisions reduced or eliminated Social Security benefits to many people receiving pensions from...
