Monday, July 01, 2024
Businesses generally prefer to delay recognition of taxable income to subsequent years, while hastening deductions into the current year. But when is it wise to do the opposite? And why would...... Read More
Monday, July 01, 2024
Here are several important tax deadlines impacting businesses and employers in the third quarter of 2024. This list is not exhaustive, so there may be additional deadlines relevant to your...... Read More
Friday, June 28, 2024
When you come across the word "pivot", it might bring to mind a politician altering their stance on an issue or a group of friends maneuvering a couch down a...... Read More
Thursday, June 27, 2024
Precise and prompt financial information is crucial for executives, board members, investors, and other stakeholders to make informed decisions. However, not all recipients of your financial statements will understand the...... Read More
Wednesday, June 26, 2024
The IRS has entered the next stage of its work on the Employee Retention Credit (ERC), following a comprehensive review that indicated a significant majority of claims are at risk...... Read More
Tuesday, June 25, 2024
Countless individuals aspire to transform their hobbies into sustainable businesses. For instance, you might envision starting a charter fishing business if you're passionate about boating, or you could explore monetizing...... Read More
Monday, June 24, 2024
If your business doesn’t already have a retirement plan, it might be a good time to take the plunge. Current retirement plan rules allow for significant tax-deductible contributions.For example, if...... Read More
Friday, June 21, 2024
If your company has been operating for a while, you might not focus much on your payroll system as long as it's functioning smoothly. However, don't become too complacent. Significant...... Read More
Thursday, June 20, 2024
Interim financial reporting is crucial for managing a successful business. Yet, when reviewing midyear financial reports, it's important to acknowledge their potential shortcomings. These reports might not be as reliable...... Read More
Tuesday, June 18, 2024
Vacation homes located in high-end areas might significantly surpass their initial purchase prices. While this is advantageous, the question arises: what about taxes? Here, we outline three scenarios to illustrate...... Read More
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