News
IRS Updates Travel Per Diem Rates
The IRS has released its 2026–2027 per diem rates for certain business travel expenses, effective October 1, 2026. Under the high-low substantiation method, the rate
Should Your Business Donate Excess Inventory?
If your business has inventory that’s unlikely to sell, donating the goods to charity before year end could help you clear space, support a charitable
Navigating the Excess Business Loss Limit
If your business is anticipating a loss in 2026, you may expect to use that loss to offset income from other sources on your individual
Time College Expenses for Tax Savings
Higher education can be hard on your wallet. Fortunately, federal tax breaks may ease the burden. As year end approaches, carefully timing qualified expenses and
Charitable Givers Get a New Tax Break
Beginning in 2026, taxpayers who take the standard deduction may deduct up to $1,000 of qualifying charitable contributions, or up to $2,000 for married couples
Tax-Smart Building Improvements
If your business is planning improvements to a building before year end, careful planning may allow you to maximize your 2026 tax deduction. A special