by Joan Buchman Miller | Jun 30, 2025 | Accounting, income tax, tax planning
The U.S. Census Bureau reports there were nearly 447,000 new business applications in May of 2025. The bureau measures this by tracking the number of businesses applying for an Employer Identification Number. If you’re one of the entrepreneurs, you may not know that...
by Joan Buchman Miller | Jun 16, 2025 | Accounting, tax planning
The treatment of research and experimental (R&E) expenses is a high-stakes topic for U.S. businesses, especially small to midsize companies focused on innovation. As the tax code currently stands, the deductibility of these expenses is limited, leading to...
by Joan Buchman Miller | Jun 10, 2025 | Accounting, income tax, tax planning
A bill in Congress — dubbed The One, Big, Beautiful Bill — could significantly reshape several federal business tax breaks. While the proposed legislation is still under debate, it’s already sparking attention across business communities. Here’s a look at the current...
by Joan Buchman Miller | Jun 3, 2025 | Accounting, employees, income tax, tax planning
If you or your employees are heading out of town for business this summer, it’s important to understand what travel expenses can be deducted under current tax law. To qualify, the travel must be necessary for your business and require an overnight stay within the...
by Joan Buchman Miller | May 12, 2025 | Accounting, tax planning
Can you turn business losses into tax relief? Even well-run companies experience down years. The federal tax code may allow a bright strategy to lighten the impact. Certain losses, within limits, may be used to reduce taxable income in later years. Who qualifies? The...