If you own a home, you may want to learn about several key provisions of the One, Big, Beautiful Bill Act that could affect your federal income taxes for 2025 and beyond. This article explains the new rules for state and local tax deductions, mortgage interest deductions, energy-efficient home improvement credits, and more.

The cost of goods sold (COGS) is a critical financial metric for any business that manufactures or sells physical goods. It affects the amounts reported as inventory on the balance sheet, gross profits on the income statement and taxable income for income tax purposes. However, accurate inventory reporting can be complicated. This article provides guidance on how to get it right.

As a family business owner, you're not just building wealth; you're also creating a legacy. If you're considering transferring that legacy to the next generation, a family limited partnership (FLP) could be worth exploring. Here's an overview of why this can be an effective estate-planning tool, if properly formed and managed.

Ensuring compliance depends on the individual actions of employees. That's why businesses that want to comply with changing laws and regulations should focus on building a compliance culture, where employees understand why compliance matters as well as their roles in ensuring that it happens. How do businesses do this? Here are some guidelines.

Most business owners today worry about the risk of a cyberbreach — and if they don't, they should! Cybercrime has emerged as one of the biggest threats to employers, financial markets, private citizens and the U.S. economy as a whole. This article offers some essential advice to help businesses lower their risk of suffering a cyberattack, including vetting vendors and strengthening login requirements.