How implementing strong internal controls and audits can help against data breaches

Thursday, November 07, 2024
The average cost of a data breach has reached $4.88 million, up 10% from last year, according to a recent report. As businesses increasingly rely on technology, cyberattacks are becoming...... Read More

Is your home office a tax haven? Here are the rules for deductions

Tuesday, November 05, 2024
Working from home has become increasingly common. The U.S. Bureau of Labor Statistics (BLS) reports that about one out of five workers conducts business from home for pay. The numbers...... Read More

Reasons an LLC might be the ideal choice for your small to medium-size business

Monday, November 04, 2024
Choosing the right business entity is a key decision for any business. The entity you pick can affect your tax bill, your personal liability and other issues. For many businesses,...... Read More

Business owners sometimes need to switch successors

Friday, November 01, 2024
For many business owners, choosing a successor is the most difficult task related to succession planning. Owners of family-owned businesses, who may have multiple children or other relatives to consider,...... Read More

What are the ABC's of Credits and Debits?

Thursday, October 31, 2024
Bookkeeping fundamentals are essential to accurate financial reporting. Using software solutions — such as QuickBooks®, NetSuite® or Xero™ — can simplify double-entry accounting. However, knowing how the process works can...... Read More

Understanding the $7,500 federal tax credit for buying an electric vehicle

Tuesday, October 29, 2024
Electric vehicles (EVs) have become increasingly popular. According to Kelley Blue Book estimates, the EV share of the vehicle market in the U.S. was 7.6% in 2023, up from 5.9%...... Read More

It’s time for your small business to think about year-end tax planning

Monday, October 28, 2024
It’s time to take proactive steps that may help lower your small business’s taxes for this year and next. The strategy of deferring income and accelerating deductions to minimize taxes...... Read More

Does your company have an EAP? If so, be mindful of compliance

Friday, October 25, 2024
Many businesses have established employee assistance programs (EAPs) to help their workforces deal with the mental health, substance abuse and financial challenges that have become so widely recognized in modern...... Read More

Improve financial reporting with an effective audit committee

Thursday, October 24, 2024
External auditors have primary responsibility for audit quality. However, the audit committee plays an important oversight role in the financial reporting process. Here are some best practices to consider when...... Read More

6 Tax-Free Income Opportunities

Tuesday, October 22, 2024
Believe it or not, there are ways to collect tax-free income and gains. Here are some of the best opportunities to put money in your pocket without current federal income...... Read More