The Internal Revenue Service has updated the depreciation limits for passenger vehicles placed in service in 2026. The annual limits apply to cars, trucks, and vans used for business purposes and determine the maximum amount businesses can deduct each year. The...
This year’s Tax Planning Guide provides a series of the most ubiquitous tax measures, guidelines, and strategies available for your review. Tax planning is frequently defined as a process which analyzes personal or business income against potential tax deductions, and...
The Corporate Transparency Act (CTA) of 2021 was enacted to increase transparency in business ownership and prevent illegal activities like money laundering and tax evasion. Starting January 1, 2024, entities must report beneficial ownership information (BOI) to the...
PPP Loan Introduction At the time I am writing this article Joseph Biden has been declared the unofficial presidential election winner although President Trump is contesting several state results. The congressional makeup has changed somewhat with the Republicans...
Common Business Challenges Common Themes, Common Business Challenges Discovered at Central Jersey Think Tank Identifying new markets and differentiating businesses from the competitive landscape is among the commonalities that were discussed on November 12th at the...
