Why Small Businesses Are Going Bankrupt—and How to Avoid It
To help small businesses survive during this current economic climate, a finance expert reveals the five cash-flow traps bankrupting small businesses...
With Odds of a Recession Going Up, Here Are 5 Things Small Businesses Should Do Now
When a downturn hits, small businesses have the shortest runway and take the hardest hit. And that vulnerability is exactly what separates the busines...
IRS Proposes Regs on How to Open a Trump Account Under the OBBBA
The IRS says these proposed regulations provide useful information for parents and guardians who may want to elect to open an initial Trump Account an...
Indiana Adopts No Tax on Tips, Overtime Only for 2026 Tax Year
Eligible Hoosiers whose earnings this year include gratuities or overtime will not be required to pay state or county income tax on the money when the...
IRS Gives Taxpayers a More Streamlined Way to Report Tax Fraud and Scams
A new web page on IRS.gov consolidates multiple IRS fraud-reporting options into a single, centralized location, making it easier for taxpayers to rep...
IRS and Treasury Issue Guidance on New Special Depreciation Allowance for Qualified Production Property
In addition to other requirements, the special depreciation allowance only applies to qualified production property placed in service after July 4, 20...
