by Brian Hare, CPA, CGMA | Apr 8, 2026 | Uncategorized
Companies that engage in research and development activities may qualify for a federal tax credit for some of those expenses. The credit is complicated to calculate, and not all research activities are eligible — but the tax savings can be significant. Here are...
by Brian Hare, CPA, CGMA | Mar 25, 2026 | Uncategorized
Generally, each year you can contribute up to the annual limit to a traditional or Roth IRA (or a combination of the two). But once the contribution deadline has passed, the opportunity to contribute for that year is lost forever. The deadline for 2025 IRA...
by Brian Hare, CPA, CGMA | Mar 5, 2026 | Uncategorized
If you used one or more vehicles in your business during 2025, you may be eligible for valuable tax deductions on your 2025 income tax return. Businesses can generally deduct expenses attributable to business use of a vehicle plus depreciation. However, the rules are...
by Brian Hare, CPA, CGMA | Feb 19, 2026 | Uncategorized
An important decision to make when filing your individual income tax return is whether to claim the standard deduction or itemize deductions. A change under the One Big Beautiful Bill Act (OBBBA) will make it beneficial for more taxpayers to itemize deductions on...
by Brian Hare, CPA, CGMA | Jan 28, 2026 | Uncategorized
If you own a business or are self-employed and haven’t already set up a tax-advantaged retirement plan, consider establishing one before you file your 2025 tax return. If you choose a Simplified Employee Pension (SEP), you’ll be able make deductible 2025 contributions...
