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Make the Most of Year-End Physical Inventory Counts

For retailers, manufacturers and many other businesses, a significant amount of working capital is tied up in inventory. But how accurate is the amount reported on the balance sheet? To best answer that question, a physical count of raw materials,…

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Could Buying a Heavy SUV, Pickup or Van Help Save Taxes?

Buying a gas-guzzling SUV, pickup or van may be frowned upon for environmental reasons. But these vehicles can be useful if your business needs to haul people, materials, inventory or equipment around. They also offer major tax advantages for businesses…

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Plan Ahead for Changes to Overtime Pay Rules

It’s been about five months since the Department of Labor’s (DOL’s) Wage and Hour Division issued its proposed update on overtime rules. Specifically, the agency has suggested revisions to the definition of which employees are exempt from overtime pay requirements…

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Tax Advice for Military Families and Veterans

Members of the U.S. Armed Forces and veterans are required to pay taxes on their income like everyone else. But special rules sometimes apply. Here’s an overview of key tax benefits that the IRS provides to military personnel to thank…

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2015 Year-End Tax Planning Tactics for Individuals

Our recent post Year-End Tax Planning: Important as Ever for 2015 highlighted several tax breaks that could be relevant for individuals and businesses as they look toward the end of the year. In this post, we offer a short list…

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Year-End Tax Planning: Important as Ever for 2015

The end of 2015 is nearly in sight, which means the time for year-end tax planning is here as well. Effective year-end tax planning could enable you to reduce your tax liability this year and possibly next year as well….

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