News & Insights
Now What? Assessing the Likely Tax Impacts of the 2024 Election
November 14th, 2024
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Tax
President-Elect Donald Trump will return to the White House in 2025 — a year that already was expected to see significant activity on the federal tax front. A projected unified […]
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How the U.S. Election Changes the Outlook for Taxes
November 13th, 2024
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Tax
The outcome of the November 5 election is likely to significantly impact taxes. Many provisions in President-elect Donald Trump’s signature tax legislation from his first time in the White House, […]
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How Will the 2025 Inflation Adjustment Numbers Affect Your Year-End Tax Planning?
November 8th, 2024
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Tax
The IRS has issued its 2025 inflation adjustment numbers for more than 60 tax provisions in Revenue Procedure 2024-40. Inflation has moderated somewhat this year over last, so many amounts will […]
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From Flights to Meals: A Guide to Business Travel Tax Deductions
November 5th, 2024
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Tax
As a business owner, you may travel to visit customers, attend conferences, check on vendors and for other purposes. Understanding which travel expenses are tax deductible can significantly affect your […]
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How Your Business Can Prepare for and Respond to an IRS Audit
October 24th, 2024
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Audit |
Tax
The IRS has been increasing its audit efforts, focusing on large businesses and high-income individuals. By 2026, it plans to nearly triple its audit rates for large corporations with assets […]