Starting in 2025, employees can deduct the premium portion of their overtime pay from taxable income. Learn how this new deduction works, who qualifies, and how to calculate it when your W-2 won't show it separately.

Can a company with a PPP loan also claim the Employee Retention Credit (ERC)? The answer is yes, but strict "no double dipping" rules apply. Learn the critical wage allocation trap that triggers IRS audits and the specific documentation you need to defend your claim.

A comprehensive guide to IRS customer service phone numbers, featuring specialized contact information for specific tax situations including refunds, payments, business issues, and international tax matters. Learn how to avoid long wait times by calling the right number for your specific tax problem.

Learn what constitutes reasonable compensation for S corporation shareholder-employees, how to determine appropriate salary levels, and the tax implications of getting it wrong. Essential guidance for S corporation owners to maintain compliance with IRS requirements.

The differences between Section 1245 and Section 1250 recapture provisions have significant tax implications for businesses and investors who hold depreciable property. Understanding these distinctions is essential for effective tax planning and ensuring compliance with IRS regulations when disposing of depreciated assets.

Discover the fundamentals of financial planning and why it matters for your personal and business success. This article covers budgeting, tax optimization, and retirement planning.

Explore the latest business growth strategies for 2025, including technology integration, financial planning, and practical case studies. Learn how to position your business for success in a changing market.