No tax on car loan interest under the new law? Not exactly

Tuesday, October 07, 2025
Under current federal income tax rules, so-called personal interest expense generally can’t be deducted. One big exception is qualified residence interest or home mortgage interest, which can be deducted, subject...... Read More

Lower your self-employment tax bill by switching to an S corporation

Monday, October 06, 2025
If you own an unincorporated small business, you may be frustrated with high self-employment (SE) tax bills. One way to lower your SE tax liability is to convert your business...... Read More

Businesses can still choose to address sustainability

Friday, October 03, 2025
For many years, businesses of all shapes and sizes have at least considered sustainability when running their operations. Many people — including customers, investors, employees and job candidates — care...... Read More

Troubleshooting in QuickBooks

Thursday, October 02, 2025
QuickBooks® can be a powerful tool for managing your company’s accounting records, but like any software, it’s only as accurate as the information entered into it. If you’ve ever generated...... Read More

Understanding spousal IRAs: A smart retirement strategy for couples

Tuesday, September 30, 2025
Retirement planning is essential for all families, but it can be especially critical for couples where one spouse earns little to no income. In such cases, a spousal IRA can...... Read More

A tax guide to choosing the right business entity

Monday, September 29, 2025
One of the most critical decisions entrepreneurs make when starting or restructuring a business is choosing the right entity type. This choice directly impacts how the business is taxed, the...... Read More

Developing a comprehensive AI strategy for your business

Friday, September 26, 2025
We’ve reached a point where artificial intelligence (AI) offers functionality and enhancements to most businesses. Yours may be able to use it to streamline operations, improve customer interactions or uncover...... Read More

Budgeting basics for entrepreneurs

Thursday, September 25, 2025
Starting a business can be rewarding, but the financial learning curve is often steep. The U.S. Bureau of Labor Statistics estimates that one in five new businesses will fail within...... Read More

What you still need to know about the alternative minimum tax after the new law

Tuesday, September 23, 2025
The alternative minimum tax (AMT) is a separate federal income tax system that bears some resemblance to the regular federal income tax system. The difference is that the individual AMT...... Read More

The new law includes a game-changer for business payment reporting

Monday, September 22, 2025
The One, Big Beautiful Bill Act (OBBBA) contains a major overhaul to an outdated IRS requirement. Beginning with payments made in 2026, the new law raises the threshold for information...... Read More