Summer is a great time to enjoy the season – but it can also be a smart time to plan ahead for tax savings. From renting out your home during a local event to sending the kids to day camp, several warm-weather activities may qualify for valuable tax benefits.
Non-qualified deferred compensation plans can be a valuable executive recruitment and retention tool, but their complexity leaves them prone to compliance errors, investment missteps, and communication failures. Knowing where plans commonly go wrong, and how to avoid those pitfalls, is essential to preserving their intended value for both companies and participants.
Bankruptcy does not have to mean the end of your business. As Chapter 11 filings surge across the country, more companies are choosing reorganization over liquidation. A business valuation professional can be a critical asset during this process, providing the financial clarity and strategic insight needed to successfully restructure and move forward.
Prescription drug costs remain one of the most significant healthcare expenses for American businesses and their employees. Pharmacy benefit managers (PBMs) are emerging as a powerful, cost-effective solution. From negotiating drug discounts to improving prescription safety, PBMs deliver measurable value that businesses and health plan sponsors can no longer afford to overlook.
Health care costs can be a major financial burden, but many of these expenses may be tax-deductible if you itemize. From prescription drugs to long-term care insurance premiums, eligible write-offs may be broader than you think. Learn how to calculate your deduction and identify the expenses that may qualify.
Only 20% of employers offered financial adoption assistance in 2024 – but a qualified adoption assistance program can provide significant tax advantages to employees while helping you stand out as a family-friendly employer. Learn how this underused benefit works and whether it makes sense for your business.
If you own a sole proprietorship, partnership, S corporation, or LLC, your business income flows directly to your personal tax return, making smart midyear planning essential. From permanent tax rate structures and the Section 199A qualified business income deduction to an enhanced employer child care credit, now is the time to act.
This article will explain the ways a rental real estate loss can be limited, the differences between a passive and nonpassive activity, the tests to determine material participation, and real estate professional status.
A summer road trip should be about the journey, not the fuel bill. From prepping your vehicle before you leave to making smart choices behind the wheel, a few thoughtful decisions can add up to real savings at the pump. Here is what you need to know before you hit the road.
Canadian manufacturers: improve working capital through smarter inventory planning. Learn ABC analysis, safety stock, demand forecasting, and more.