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What Are the Tax Consequences of Employee Gifts?
The holidays are a time for gratitude, and many employers show appreciation by giving gifts to their staff. Different types of gifts can have different
The Tax Implications of Remote Work
Remote work can offer advantages for both employers and employees. But it’s not without challenges, such as unexpected tax consequences. State Tax Issues for Employees
NOL Deductions Can Ease the Pain of Business Losses
For income tax purposes, a business loss generally occurs when a business’s deductions for the year exceed its revenue. Any business, whether new or established,
How Does the New Tax Deduction for Car Loan Interest Work?
Generally, except for home mortgage interest, personal interest expense isn’t deductible for federal income tax purposes. With the passage of the legislation commonly known as
Bonus Depreciation and Other Year-End Tax-Saving Tools for Businesses
As this year comes to a close, business owners seeking to reduce their taxes for 2025 have a variety of opportunities. Here’s a look at
5 Smart Tips for Individual Year-End Tax Planning
Even during the last two months of the year, you can take steps to reduce your 2025 tax liability. Here are five practical strategies to