The Tax Risk of Actual Home Office Deductions When You Sell
Using the home office actual method can lower taxes now—but trigger depreciation recapture when you sell. Here’s what business owners must know. Many business owners love the actual expense method for the home office deduction—and for good reason. It often produces a larger deduction than the simplified method and allows you to write off a […]
Accountable Plan Rules When You Can’t Reimburse Employees
Can’t reimburse employees right now? Learn accountable plan rules, timing limits, and when delayed reimbursements stay tax-free for employees. Cash flow issues happen — even in well-run businesses. One of the most common questions I get from business owners is: “What if my company has an accountable plan, but we don’t have the cash to reimburse employee […]
2025: The Last Big Year for Corporate Giving
If your business operates as a C Corporation, the rules around charitable giving are about to change — and 2025 is your best window to take advantage of the current, more generous tax laws. Under the One Big Beautiful Bill Act (OBBBA), new limits on corporate charitable deductions go into effect starting January 1, 2026. […]