by Randy Redmond | Dec 22, 2025 | Uncategorized
Key Takeaways The more favorable EBITDA-based business interest deduction limit is back for your 2025 tax year. (New restrictions are coming in 2026.) New R&E rules arenât automatic. Retroactive benefits for 2022â2024 require elections, deadlines, and...
by Randy Redmond | Dec 18, 2025 | Uncategorized
Key TakeawaysVerify all business and employee information early. Even small errors in EINs, addresses, or Social Security numbers can create big filing issues. Review 2026 compensation rules now. State and local minimum wage increases and the Social Security wage...
by Randy Redmond | Dec 13, 2025 | Uncategorized
Key TakeawaysCompany-wide holiday parties for employees are generally 100% deductible, as long as theyâre not exclusive to owners or managers. Meals with clients are typically only 50% deductible, and entertainment remains 0% deductible. Employee gifts can...
by Randy Redmond | Dec 3, 2025 | Uncategorized
Key TakeawaysYou can sell losing investments to realize a capital loss that offsets taxable gains. If your losses exceed gains, you can deduct up to $3,000 against ordinary income ($1,500 if married filing separately). Unused losses carry forward...
by Randy Redmond | Nov 25, 2025 | Uncategorized
Key Takeaways Create a written data protection policy. Every employee should know the rules for handling sensitive data. Back up data regularly with secure cloud services or encrypted physical backups. Encrypt everything so stolen data is useless to...
by Randy Redmond | Nov 10, 2025 | Uncategorized
Key TakeawaysYes, the WOTC applies if you hire someone before December 31, 2025. You must submit IRS Form 8850 to your State Workforce Agency (SWA) within 28 days of the new employeeâs start date. The credit can be worth up to $2,400 per eligible...
