Planning a summer business trip? Turn travel into tax deductions

If you or your employees are heading out of town for business this summer, it’s important to understand what travel expenses can be deducted under current tax law. To qualify, the travel must be necessary for your business and require an overnight stay within the United States. Note: Under the Tax Cuts and Jobs Act, […]

Senate and House Bills agree on many points

There are several points of disagreement between U.S. House and Senate Republicans on the tax provisions to be included in The One, Big, Beautiful Bill. But the lawmakers appear to agree on others. For example, both the House bill and the Senate Finance Committee’s version include a tax credit for contributions to organizations that grant […]