IRS publishes standard mileage rates for 2023

In July, your business mileage tax deduction became more valuable for 2022 after an announcement by the IRS. As of July...

No parking: Unused compensation reductions can’t go to health FSA

One of the pandemic's many long-lasting results is that some companies let employees work remotely. This decision brings up compelling...

Hidden back-to-school tax deductions

As the summer draws to a close, back-to-school advertising is ramping up. Parents, guardians, and teachers can take advantage of...

Your business mileage deduction just became more valuable

Your business mileage tax deduction is now more valuable for the rest of 2022 after a recent announcement by the...

ERISA and EAPs: What’s the deal?

When considering an employee assistance program (EAP), many business owners wonder if the Employee Retirement Income Security Act (ERISA) will...

Establish a tax-favored retirement plan

If your company doesn't already have a tax-favored retirement plan in place, now is a terrific moment to start. The...

Fully deduct business meals this year

The federal government is now subsidizing corporate meals. One of the COVID-19 relief laws doubles the typical deduction for 50% of...

Inflation enhances the 2023 amounts for Health Savings Accounts

The IRS has issued advice outlining the inflation-adjusted values for Health Savings Accounts (HSAs) until 2023. Because of the high...