Let me say “Thank you” to our men and women in service, both past and present, today. Because of them, we live in a great country that has weathered and often led through financial, technological, and security storms. We face another set of storms today. As of this writing, we are collectively facing “one nation undivided” in our higher gas prices. I have to give Trump his due – he… Read More
Business Tax
How Technology Expenses Are Treated for Tax Purposes
Technology plays a central role in how businesses operate in 2026. From cloud-based accounting software to project management platforms and cybersecurity tools, digital expenses are now a core part of doing business. However, many business owners are unsure how these costs are treated for tax purposes and whether they can be deducted immediately or must be spread out over time. In most cases, technology expenses fall into one of two… Read More
Demystifying Form W-2: A Guide for Small Business 401(k) Reporting
Navigating year-end tax forms can leave even the most seasoned accountants scratching their heads, particularly when it comes to recording 401(k) plan contributions. If you are a small to medium-sized company, understanding how these elective deferrals map to Form W-2 is essential for accurate reporting. Here is a breakdown of how to handle these contributions for the 2026 tax year. Key W-2 Boxes for 401(k) Reporting Reporting retirement contributions involves… Read More