This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-half cent, to 57.5…read more

If your small business is planning for payroll next year, be aware that the “Social Security wage base” is increasing. The Social Security Administration recently…read more

Congress and the Trump administration have struck a deal on another piece of legislation, the latest in a series of federal measures intended to provide…read more

Some New York homeowners will be getting a check from the state in the coming weeks in the form of a tax rebate credit. The…read more

When it comes to Section 199A advantages under new tax reform, many taxpayers engaged in the real estate industry were left waiting to find out…read more

Are you wondering if the passive activity loss rules affect business ventures you’re engaged in — or might engage in? If the ventures are passive…read more

If you’re looking for another way to attract and retain staffers that won’t bust your nonprofit’s budget, consider offering an accountable plan. It’s an easy…read more

To help mitigate the financial and health crises related to the coronavirus (COVID-19), on Friday, March 27, 2020, President Trump signed into law the largest…read more

It takes more than dedication and enthusiasm for your not-for-profit’s cause and programs to make a good board member. The most critical duty for all…read more

So you forgot to file your not-for-profit’s Form 990, 990-EZ or 990-N with the IRS. It can happen — particularly with newer organizations that are…read more

Once you file your 2022 tax return, you may wonder what personal tax papers you can throw away and how long you should retain certain…read more

Last week, the US Congress passed the Coronavirus Aid, Relief, Economic Security Act (“CARES Act”). Included in this legislation are several resources for small to…read more