Tax, Accounting, and Business Insights

If your business occupies a large commercial space and you’re planning to relocate, expand, or renovate, don’t overlook the potential tax benefits of restoring a historic building. The Rehabilitation Tax Credit for Historic Buildings offers a valuable incentive that could significantly offset your project costs. What Is the Rehabilitation Tax Credit? The federal rehabilitation tax

Business Start-Up Tax Deductions: What You Need to Know Starting a new business can be exciting—but it’s also expensive. According to the U.S. Census Bureau, nearly 447,000 new business applications were filed in May 2025 alone. If you’re one of these entrepreneurs, you may not realize that many start-up expenses are not immediately deductible. Understanding

If you’re claiming deductions for business meals, vehicle expenses, or a home office, be prepared for the IRS to scrutinize your documentation. Tax auditors are skilled at identifying incomplete or fabricated records — especially when taxpayers try to recreate logs months or even years later. The IRS has strict substantiation requirements, and a recent U.S.

Unlocking Innovation: How “The One, Big, Beautiful Bill” Could Transform R&E Expense Deductibility The way U.S. businesses deduct research and experimental (R&E) expenses may soon change — and significantly for the better. A new legislative proposal known as The One, Big, Beautiful Bill aims to roll back recent tax law changes that have made R&E

A sweeping piece of legislation in Congress — officially dubbed the One Big Beautiful Bill — could dramatically reshape several federal business tax breaks. While still under debate, the One Big Beautiful Bill is already generating buzz across business communities for its potential to deliver meaningful tax relief. Here’s a breakdown of five key tax

Summer is here, which means it’s vacation time! If you’re a business owner, you have a golden opportunity to combine a business trip with a few extra days of vacation and offset some of the cost with a tax deduction. But be careful, or you might not qualify for the business travel expense write-offs you’re expecting.

The IRS recently released guidance providing the 2022 inflation-adjusted amounts for Health Savings Accounts (HSAs).

As a business owner, you should be aware that you can save family income and payroll taxes by hiring your child.

There’s no easy way to determine reasonable compensation. Here are some steps you can take to make it more likely that the compensation you earn will be considered “reasonable.”

Looking to raise capital for your small business? There are several ways to seek funding, each with its own set of advantages and challenges. In this article, we’ll explore common methods for how to raise capital for a small business.

For federal income tax purposes, the general rule is that rental real estate losses are considered passive activity losses (PALs). Generally, individual taxpayers can only deduct PALs to the extent they have passive income from other sources. For instance, if you earn positive taxable income from other rental properties, that income typically counts as passive

In the wake of the severe storms, tornadoes, and flooding that struck Arkansas in early April, both the IRS and the State of Arkansas have announced significant tax relief measures for affected individuals and businesses. Federal Tax Relief: Extended Deadlines for All Arkansas Counties The IRS is providing automatic tax relief to all 75 Arkansas