In Rev. Proc. 2025-19, released in May 2025, the IRS announced the following changes to HSAs. HSA Inflation Adjusted Items. For calendar year 2026, the annual limitation on deductions for an individual with self-only coverage under a high deductible health
When you buy your PC at a big-box or office supplies store, you generally get one with a single hard disk. In many cases, that’s fine, especially given the huge capacities that are now available. But there are advantages to
Have you decided to close your business? It’s time to voluntarily dissolve your business of operation. The process starts with you filing articles of dissolution, and at that point, you will have taken the initial step to legally end the
A business asset is property you acquire to help produce income for your company. This can be durable equipment from computers to office furniture to tractors. Depreciation is a way of allocating the cost of the asset over its expected
The IRS has rules for everything — construction contracts included. Those in the construction industry would do well to review guidance and make sure they’re in full compliance, and understand that they have choices in how they address the requirements.
If you are an owner of commercial real estate, you likely have heard of cost segregation. But perhaps you have not been informed of the incredible tax benefits it offers and how much it can improve your business’s cash flow.
Imputed income is defined as the cash value of a benefit that is not part of your employees’ salaries. Even though the benefit — like a gym membership — isn’t received in cash, it’s still taxable based on its cash
When most people hear the word audit, they think of accounting. It is important to remember, however, that the government can audit companies for contracts that include labor category qualifications. If an employee does not qualify for a particular labor
Millennials buying homes at a slower pace Apartment List reported that the millennial homeownership rate stood at 45.5% in 2023. This is lower than the homeownership rate of baby boomers (74%), the Silent Generation (70%) and Generation X (65%). This
Owners of construction companies have a variety of daily obstacles to overcome and goals to meet. They also regularly make major decisions regarding equipment and machinery investments. Such purchases can make or break a construction firm, so these decisions are