Businesses: Do you have to comply with the new corporate transparency reporting rules?

Sunday, December 15, 2024
UPDATE December 16, 2024On Tuesday, December 3, 2024, a federal district court in Texas issued an order granting a nationwide, preliminary injunction that: (1) enjoins enforcement of the Corporate Transparency...... Read More

How businesses can better retain their salespeople

Friday, December 13, 2024
The U.S. job market has largely stabilized since the historic disruption of the pandemic and the unusual fluctuations that followed. But the fact remains that employee retention is mission-critical for...... Read More

Eyes on the income statement

Thursday, December 12, 2024
When reviewing their income statements, business owners tend to focus on profits (or losses). But focusing solely on the bottom line can lead to mismanagement and missed opportunities. Instead, you...... Read More

Is your money-losing activity a hobby or a business?

Tuesday, December 10, 2024
Let’s say you have an unincorporated sideline activity that you consider a business. Perhaps you offer photography services, create custom artwork or sell handmade items online. Will the IRS agree...... Read More

How your business can prepare for and respond to an IRS audit

Monday, December 09, 2024
The IRS has been increasing its audit efforts, focusing on large businesses and high-income individuals. By 2026, it plans to nearly triple its audit rates for large corporations with assets...... Read More

IT strategy showdown: Enterprise architecture vs. Agile

Friday, December 06, 2024
Few, if any, companies can operate successfully today without the right information technology (IT) strategy. And as businesses grow, their IT needs and infrastructures become even more complex and costly.This push...... Read More

Reminder: Profits and cash flow aren’t the same

Thursday, December 05, 2024
Profitable businesses often experience cash flow shortages, particularly if they’re experiencing rapid growth. Business owners may wonder why they owe taxes when they regularly struggle to find cash to cover...... Read More

Maximize your year-end giving with gifts that offer tax benefits

Tuesday, December 03, 2024
As the end of the year approaches, many people start to think about their finances and tax strategies. One effective way to reduce potential estate taxes and show generosity to...... Read More

Employers: In 2025, the Social Security wage base is going up

Monday, December 02, 2024
As we approach 2025, changes are coming to the Social Security wage base. The Social Security Administration recently announced that the wage base for computing Social Security tax will increase...... Read More