Business owners sometimes add a few extra days of leisure to their business trips, whether to relax by the beach or visit family members who live in different cities. With proper planning and documentation, you may be able to deduct some costs — such as transportation, lodging and meals — as legitimate business expenses. Here’s a refresher on the tax rules for business vs. personal travel.

Annual meetings are a good time to evaluate the finances, corporate structure and operations of your medical practice so you can make plans for the coming year. To make the meeting effective, there are three key areas to focus on. For details about them, read this article.

Improving business processes is key to boosting efficiency and profitability. One way to turbocharge the improvement process is to implement the principles of Lean Six Sigma. This article explores this management approach, which combines the process improvement methods of Six Sigma with the philosophy and methodology of Lean. It also lists some steps that can help businesses execute this strategy.

A law passed in 2022 significantly enhanced the Section 179D deduction for energy-efficient commercial building improvements. It nearly tripled the maximum deduction allowed under certain circumstances and made it easier for improvements to qualify. The law also expanded eligibility for the deduction to include real estate investment trusts as well as to designers of buildings owned by nonprofit organizations. This article details the enhancements.