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The General Business Credit (GBC) is a financial boon for eligible small businesses, allowing them to significantly reduce their federal...

The electric vehicle (EV) tax credits have undergone significant changes that could impact your eligibility and the amount you can...

Tax season is a period marked by tight deadlines, complex regulations, and the pressure to optimize returns while remaining compliant...

The gift tax exclusion is among the most valuable tools available to transfer assets to family and other loved ones without...

Concerned about the confusing 1099-K reporting requirements? You can breathe a sigh of relief. The IRS recently delayed the new...

Understanding the various tax deductions available is crucial to maximize your financial benefits and reduce your tax liability. Often, the...

In general, employee compensation, such as wages and salaries, is taxable to workers and deductible by their employers. However, the IRS...

Occupational fraud risk isn’t necessarily shared evenly by all business sectors. Certain industries — for example, construction, real estate, manufacturing and...

Tax credits are far more valuable than tax deductions. Unlike a deduction, which reduces a business’s taxable income, a credit...