The unemployment rate was 4.2% in November. With today’s hiring challenges, the Work Opportunity Tax Credit (WOTC) may help employers.

Achieving the best tax treatment for Sec. 1231 gains and losses can be a challenge. Here’s how to help plan the timing of gains and losses for optimal tax results.

Intuit's upcoming changes to QuickBooks Online will impact how businesses handle W-2 and 1099 tax forms starting January 2025. Explore your options to avoid fees and streamline your payroll processes.

Business owners may travel to visit customers, attend conferences, check on vendors and for other purposes. Managing tax-deductible travel costs can help ensure compliance and maximize tax savings.

Endowments represent a significant funding mechanism for nonprofit organizations, but do require careful consideration and management.

Enhancements in the SECURE 2.0 Act have made QCDs even more appealing, but you may need to educate your supporters about them.

Here are some important fourth quarter 2024 tax-filing dates for businesses.

OMB Compliance Supplement is an annual issuance of the government’s guide for single audits and grant compliance.

When it comes to investment income, nonprofits must comply with complex rules.

We are about to close the third quarter of the year. Here are some year-end moves to consider that may help your small business save on taxes.

Your nonprofit may prefer donations (or immediate support) to pledges, which are usually promises to donate in the future. But if you do receive pledges, make sure to account for them properly.

Restricted gifts to nonprofits require greater care than unrestricted ones. If a donor attaches strings to a gift, develop policies your staffers should follow to ensure restrictions are honored.

If you’re the owner of a pass-through entity, the federal income tax rules for gains from the sale of business real estate or vacant land may be more complicated than you thought. Here’s a look at the issues.

Understanding the intricacies of tax deductions, particularly those related to meals and entertainment, is crucial to optimize your tax savings and ensure compliance with IRS regulations. Significant changes have been implemented in this area, making it essential to stay updated.

Managing tax liabilities effectively is crucial. Two significant tax-saving opportunities for businesses—Bonus Depreciation and Section 179 deductions—can significantly impact a company's bottom line.

Now that business travel has picked up, it is crucial to understand what qualifies as deductible business travel expenses.