Roth 401(k) contributions won’t lower your tax bill today, but the long-term benefits can be significant. With tax-free growth, no required minimum distributions, and enhanced catch-up contribution limits, this option deserves a hard look. Learn how Roth contributions could fit into your retirement strategy and what the 2026 rules mean for you.
Tax season may be over, but your record-keeping responsibilities are not. Knowing which documents to keep, how long to keep them, and when it is safe to discard them can protect you from IRS scrutiny and unnecessary risk. Here is a practical guide to help you stay organized and audit-ready year-round.
Employee Stock Purchase Plans (ESPPs) are gaining momentum as a standout compensation benefit for incorporated businesses. When structured under IRS Section 423, they can foster ownership, aid in recruitment, and boost retention. But complex rules and administrative demands require careful evaluation before moving forward. Here is what you need to know.
Under the One Big Beautiful Bill Act, eligible businesses may claim 100% first-year depreciation on qualified production property. The IRS recently issued interim guidance on the rules, covering eligibility requirements, the QPP election process, essential activities, and an important 10-year recapture provision businesses must carefully consider before making this election.
Cutting costs is easy. Keeping them cut is the hard part. Many businesses achieve short-term savings only to watch expenses creep back up over time. The key to sustainable cost reduction lies not in slashing budgets, but in identifying and preserving value within your business processes. Here is how to make it work.
The qualified business income (QBI) deduction is now a permanent fixture of the tax code, thanks to the One Big Beautiful Bill Act of 2025. But does it apply to your rental real estate activities? The answer depends on whether your rental operations meet specific IRS requirements – and the details matter.
The M&A market is surging heading into 2026, but closing a deal is only the beginning. From integration challenges and purchase price allocations to tax elections and financial reporting, business valuation professionals play a critical role long after the ink is dry. Here is what buyers need to know.
Compare Traditional IRAs, Roth IRAs, 529 plans, and Trump Accounts to choose a tax-smart way to build wealth for your child and your future.
When employees forfeit unused FSA balances under the “use-it-or-lose-it” rule, employers have options beyond simply keeping the funds. The IRS outlines several permissible uses, including offsetting plan administration costs, reducing employee contributions, or returning funds to participants. Here is what employers need to know.
Nonprofits aren’t immune to occupational fraud, and the consequences can be devastating, both financially and reputationally. From tightening donation processing procedures to leveraging data analytics, there are practical, proven steps your organization can take to protect the funds entrusted to your mission. Here are eight best practices every nonprofit leader should know.