ARTICLES

HSAs offer tax benefits but have rules. Thinking of offering them? Contact us! Note: Contribution limits and deductibles increased for 2025.

The 2025 IRS mileage rate is 70 cents per mile, up from 67 cents. Businesses can deduct actual costs or use this rate. Consult with us.

The Work Opportunity Tax Credit offers up to $2,400 per eligible hire. Consult with us to apply this credit to your 2024 tax returns.

Managing business finances can be uncertain, but flash reports provide quick insights between formal statements. Learn more.

Tips are taxable. Employees should report and record cash and non cash tips for tax returns. Learn more.

Intangible assets require complex tax treatment. Know what costs must be capitalized, exceptions, and how to maximize tax benefits.

File early to protect against tax identity theft and get a faster refund. Deadline: April 15 for individuals, March 17 for S-Corps/Partners.

Deduct travel between business sites but not commuting. Self-employed can claim costs now; employees must wait until 2026, pending tax law.

Business party food & beverages may be 100% tax-deductible! Learn the rules for deducting business meals and entertainment expenses.

Accurately project future sales with forecasting! Use data and insights to set goals, allocate resources, and spot risks. We can help!

Boost employee benefits with 401(k)s, SEP-IRAs, or SIMPLE IRAs—each offers unique perks, limits, and tax advantages for growing businesses.

Self-employment tax is 15.3%, paid quarterly. Learn what to expect & consult a VAAS Tax Professional to manage taxes.

Cash flow statements reveal a company’s performance and health. Here's a simple guide to its parts and why they’re important.

Deduct business travel costs like transport, lodging, and meals (50%) if necessary, reasonable, and documented. Rules vary; get advice!

Balance liquidity and growth with smart working capital management. Optimize receivables, payables, and inventory for lasting success.

IT failures cost businesses $400B yearly. Prevent losses with risk assessments, strong cybersecurity, training, and recovery plans.

The 2025 Social Security wage base rises to $176,100. Prepare for payroll tax changes. Contact us for help with compliance and planning.

TCJA limits vehicle deductions however, self-employed CAN claim work miles, while others can only claim medical, charity, & military moves.

To deduct losses, you must prove your business is not a hobby. Profit intent must be shown through records, time, and expertise. Contact us

Separating real estate ownership from your business may reduce double taxation and boost asset protection. Contact us to learn more.