It wasn’t long ago that the not-for-profit sector was struggling to find enough staffers to hire. Now that many organizations are losing federal grants and facing budget shortfalls, they may be considering layoffs. If you’re in this...
Read MoreCould Your Company Face a Cash-Flow Crisis?
Cash flow is arguably the most important element in the smooth and successful operation of any business. Generating sales and managing expenses are, of course, also important. But ensuring that cash from those sales is collected and that your...
Read More7 Best Practices for QuickBooks Desktop
Every profession has its own set of best practices. These are simply guidelines for how employees should be doing their jobs and what steps management should take to ensure the best outcomes. They’re not set in stone. In fact, they can vary...
Read More8 Tips for Managing Student Loan Debt
Many people graduate college with significant amounts of student loan debt. The average amount borrowed by 2022-23 bachelor’s degree recipients who took out loans to pay for college is approximately $29,300, according to the College...
Read MoreFederal Tax News for Individuals
Fill up your 2024 IRA If you forgot or didn’t have the resources to contribute the maximum amount to your IRA or Roth IRA plan in 2024, there’s still time! Eligible participants have until April 15, 2025, to contribute as much as...
Read MoreCorporate Transparency Act Requirements Halted by Federal Court
A federal court in Texas halted the implementation of the Corporate Transparency Act’s (CTA) beneficial ownership reporting requirements. Holding that the CTA is likely unconstitutional, the court issued a preliminary injunction barring the...
Read MoreDoes Your Business Have to Comply with New Corporate Reporting Rules?
Your business may soon have to comply with new reporting requirements that take effect on January 1, 2024. Under the Corporate Transparency Act (CTA), enacted in 2021, certain companies will be required to provide information related to their...
Read MoreDeducting Start-Up Costs for Federal Tax Purposes
There’s been a significant increase in new business applications in recent years. Finance company NerdWallet estimates that 2.8 million new business ventures have started since 2021. Will Your Start-up Succeed? Start-ups can be risky...
Read More7 Midyear Tax Planning Tips for Individuals
Now is a good time to reflect on tax planning moves that could lower this year’s tax bill. It appears there won’t be any significant federal tax changes that will take effect next year. If that’s an accurate prediction, this...
Read MoreDon’t Overlook the Child Care Tax Credit
For years, the tax code has offered an incentive for employers to provide child care to their employees in the form of the Section 45F child care tax credit. But the credit is rarely claimed, according to the Congressional Research Service...
Read MoreFree Shred Event!
Tired of having all those old documents in your attic? Ready to do some spring cleaning? Well get busy! Our office will be hosting a FREE shred event. The event will take place on Saturday, May 4th from 9:00 am until 12:00 pm at 3740 Executive...
Read MoreKey Rules for Home Office Deductions
Do you work from home all or part of the time? If you’re self-employed and meet certain requirements, you can write off a portion of your home office expenses, even if you perform work at other locations. The deduction may be based on the...
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