May 182 minBusiness owners, lean into sales staff retentionAlthough there have been some positive signs for the U.S. economy thus far in 2022, many businesses are still reeling from last year’s...
May 183 minThe tax rules of renting out a vacation propertySummer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the tax consequences of renting...
May 183 minFully deduct business meals this yearThe federal government is helping to pick up the tab for certain business meals. Under a provision that’s part of one of the COVID-19...
May 182 minTighten up billing and collections to mitigate economic uncertaintiesWhile many economic indicators remain strong, the U.S. economy is still giving business owners plenty to think about. The nation’s gross...
Mar 223 minPrudent technology upgrades call for some soul searchingBy now, most business owners view technology upgrades as inevitable. Whether hardware or software, the tech your company relies on to...
Mar 223 minThe Ins and Outs of IRAsTraditional IRAs and Roth IRAs have been around for decades and the rules surrounding them have changed many times. What hasn’t changed...
Feb 92 minHelp safeguard your personal information by filing your 2021 tax return earlyThe IRS announced it is opening the 2021 individual income tax return filing season on January 24. (Business returns are already being...
Feb 92 minWill the standard business mileage rate go up in 2022? Yes!After two years of no increases, the optional standard mileage rate used to calculate the deductible cost of operating an automobile for...
Feb 93 minLet your financial statements guide you to optimal business decisionsNow that 2022 is up and running, business owners can expect to face a few challenges and tough choices as the year rolls along. No matter...
Feb 92 minSmooth sailing: Tips to speed processing and avoid hassles this tax seasonThe IRS began accepting 2021 individual tax returns on January 24. If you haven’t prepared yet for tax season, here are three quick tips...
Jan 193 minBusiness owners, do you need to step up your internal communications game?They say we live in an on-demand world. Right now, many business owners are demanding one thing: more workers. Unfortunately, the labor...
Jan 192 min2022 Q1 tax calendar: Key deadlines for businesses and other employersHere are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2022. Keep in mind...
Jan 62 minCould an FLP fit into your succession plan?Among the biggest long-term concerns of many business owners is succession planning — how to smoothly and safely transfer ownership and...
Dec 30, 20212 minProviding a company car? Here’s how taxes are handledThe use of a company vehicle is a valuable fringe benefit for owners and employees of small businesses. This perk results in tax...
Dec 30, 20212 minReview your strategic plan … and look aheadBusiness owners, year end is officially here. It may even be over by the time you read this. (If so, Happy New Year!) In any case, the...
Dec 13, 20212 minIRS announces adjustments to key retirement plan limitsIn Notice 2021-61, the IRS recently announced 2022 cost-of-living adjustments to dollar limits and thresholds for qualified retirement...
Dec 13, 20212 minWith year-end approaching, 3 ideas that may help cut your tax billIf you’re starting to worry about your 2021 tax bill, there’s good news — you may still have time to reduce your liability. Here are...
Dec 13, 20213 minThe tax implications of owning a corporate aircraftIf your business is successful and you do a lot of business travel, you may have considered buying a corporate aircraft. Of course, there...
Dec 6, 20212 min4 red flags of an unreliable budgetEvery business should prepare an annual budget. Creating a comprehensive, realistic spending plan allows you to identify potential...
Dec 6, 20213 minNew digital asset reporting requirements will be imposed in coming yearsThe Infrastructure Investment and Jobs Act (IIJA) was signed into law on November 15, 2021. It includes new information reporting...