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2025 401(k) Limit Increases

The IRS announced the 2025 401(k) limit increases and issued technical guidance on cost of living adjustments. Read more the see how these increases could affect you.
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Is an IRS Audit in Your Future?

Many IRS audits are routine. However, taking a meticulous, proactive approach to tracking, documenting and filing your company’s tax-related information will make an audit more manageable if your business is selected.
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2025 Social Security Wage Base Increase

The 2025 Social Security wage base increase was recently announced by the Social Security Administration. The threshold will increase to $176,100, up from $168,600 in 2024.
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Benefit of an LLC

Choosing the right business entity is a key decision for any business. The entity you pick can affect your tax bill, your personal liability and other issues. For many businesses, the benefit of an LLC is an attractive choice.
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Tax Rules of Selling Business Property

There are complex tax implications that may apply when selling business property used in your trade or business. Rules apply to gains and losses and the amount of time you have had the business property.
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M&A Activity in 2024

Understand the M&A trends in 2024 and how businesses are leveraging these opportunities to strengthen their market position.
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Bad Debt Deductions for Businesses

Struggling with uncollectible debts? This article explains how to manage bad debts, including how to report them, track allowances, and handle unexpected repayments—all while staying compliant with tax rules.
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Timeframe for IRS audits

Ever wondered how long you could be subject to an IRS audit? Understanding the timeframe for IRS audits, the statute of limitations, and the circumstances that may extend this period is crucial for maintaining proper tax records and ensuring compliance.
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Corporate Estimated Tax

You want your business to pay the minimum estimated tax amount without triggering a penalty for underpayment. Keep in mind that the next payment deadline is September 16, 2024.
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Financial Mistakes Startups Should Avoid

Launching a startup is an exciting venture, but it's easy to overlook some crucial financial aspects. Financial mistakes can make or break your startup's success. Learn how to avoid these common pitfalls and build a thriving business.
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Employee Retention Credit Processing

The IRS is making significant strides in processing Employee Retention Credit claims. Gain a deeper understanding of these recent updates and their implications for your business.
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Expanded Overtime Rules

Discover how the Department of Labor's recent expansion of overtime rules could impact your business. This article discusses the key changes and implications of the new regulations.
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2025 Amounts for Health Savings Accounts

The IRS recently released the 2025 Health Savings Account (HSA) amounts, which have been adjusted for inflation.
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Tax Considerations of Adding a New Partner

There are several financial and legal implications when adding a new partner to a partnership. Although the entry of a new partner may seem simple, you should plan properly to avoid tax problems.
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FTC Ban on Noncompete Agreements

A new FTC ruling has made noncompete agreements unenforceable for most employees, with the aim of fostering competition and job mobility. Learn about the ruling and its potential impact on your business in this article.
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