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09
MAY
2022
Inflation enhances the 2023 amounts for Health Savings Accounts

Inflation enhances the 2023 amounts for Health Savings Accounts

The IRS recently released guidance providing the 2023 inflation-adjusted amounts for Health Savings Accounts (HSAs). High inflation rates will result in next year’s amounts being increased more than they have been in recent years. HSA basics An HSA is a trust created or organized...
02
MAR
2022
5 ways to control your business insurance costs

5 ways to control your business insurance costs

Common sense dictates that every company, no matter how small, should carry various forms of business insurance. But that doesn’t mean you should pay unnecessarily high premiums just to retain the coverage you need. Here are five ways to better control your insurance costs...
22
FEB
2022
Can you deduct the costs of a spouse on a business trip?

Can you deduct the costs of a spouse on a business trip?

If you own your own company and travel for business, you may wonder whether you can deduct the costs of having your spouse accompany you on trips. The rules for deducting a spouse’s travel costs are very restrictive. First of all, to qualify, your spouse must be your employee....
29
NOV
2021
There may be ways your small business can save on 2021 taxes. But you must act before Dec. 31.

Small businesses: There still may be time to cut your 2021 taxes

There may be ways your small business can save on 2021 taxes. But you must act before Dec. 31.
05
OCT
2021
Are you an artist or collector interested in donating artwork to charity? Here are the basic rules to claim a tax deduction for your generosity.

Navigating the tax landscape when donating works of art to charity

Are you an artist or collector interested in donating artwork to charity? Here are the basic rules to claim a tax deduction for your generosity.
31
AUG
2021
The rules for deducting personal casualty losses on a tax return have changed through 2025. However, you may still be able to claim a deduction if an event qualifies as a federally declared disaster (and several have this summer).

You can only claim a casualty loss tax deduction in certain situations

The rules for deducting personal casualty losses on a tax return have changed through 2025. However, you may still be able to claim a deduction if an event qualifies as a federally declared disaster (and several have this summer).
27
JUL
2021
Student loan interest is deductible for some borrowers subject to certain limits. Find out if you qualify.

You may have loads of student debt, but it may be hard to deduct the interest

Student loan interest is deductible for some borrowers subject to certain limits. Find out if you qualify.
26
JUL
2021
If you spend money personally on behalf of your closely held corporation, you want to make sure either you or the business can deduct the expense. Here are the rules.

The deductibility of corporate expenses covered by officers or shareholders

If you spend money personally on behalf of your closely held corporation, you want to make sure either you or the business can deduct the expense. Here are the rules.
21
JUN
2021
On the road again for business? Here’s a rundown of costs you can deduct for business travel.

Traveling for business again? What can you deduct?

On the road again for business? Here’s a rundown of costs you can deduct for business travel.
22
FEB
2021
Business owners may be able to save tax with home office deductions. If you’re working from home (like lots of people these days), you may qualify. Here’s a rundown of the rules.

If you run a business from home, you could qualify for home office deductions

Business owners may be able to save tax with home office deductions. If you’re working from home (like lots of people these days), you may qualify. Here’s a rundown of the rules.