Employee Stock Ownership Plans (ESOPs) are a powerful tool for businesses and their employees. They offer a pathway for business owners to transition out of their companies smoothly and provide…

Financial ratios are essential tools that help business owners understand their company’s financial health. Analyzing these ratios allows you to make more informed decisions that drive growth, manage risk, and…

Let’s say you own real estate that has been held for more than one year and is sold for a taxable gain. Perhaps this gain comes from indirect ownership of…

Get ready: The upcoming presidential and congressional elections may significantly alter the tax landscape for businesses in the United States. The reason has to do with a tax law that’s…

Most businesses have websites today. Despite their widespread use, the IRS hasn’t issued formal guidance on when website costs can be deducted. But there are established rules that generally apply…

While many facets of the economy have improved this year, the rising cost of living and other economic factors have caused many businesses to close their doors. If this is…