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ONE BIG BEAUTIFUL BILL
As your trusted tax and accounting advisors, we are committed to keeping you informed about important legislative changes that may impact your planning. The recently enacted “One Big Beautiful Bill Act” includes a wide range of tax provisions affecting individuals and businesses. To help you navigate these updates, we have
MAXIMIZE THE QBI DEDUCTION BEFORE IT’S GONE
Many small businesses are run as leanly as possible. This often means not offering what are considered standard fringe benefits for midsize or larger companies,
BEWARE OF A STEALTH TAX ON SOCIAL SECURITY BENEFITS
Some people mistakenly believe that Social Security benefits are always free from federal income tax. Unfortunately, that’s often not the case. In fact, depending on
9 TAX CONSIDERATIONS IF YOU’RE STARTING A BUSINESS AS A SOLE PROPRIETOR
When launching a small business, many entrepreneurs start out as a sole proprietor. If you’re launching a venture as a sole proprietorship, you need to
SMALL BUSINESSES CAN HELP EMPLOYEES SAVE FOR RETIREMENT, TOO
Many small businesses are run as leanly as possible. This often means not offering what are considered standard fringe benefits for midsize or larger companies,
GET READY FOR THE 2023 GIFT TAX RETURN DEADLINE
Did you make large gifts to your children, grandchildren or others last year? If so, it’s important to determine if you’re required to file a
UPDATE ON IRS EFFORTS TO COMBAT QUESTIONABLE EMPLOYEE RETENTION TAX CREDIT (ERTC) CLAIMS
Did you donate to charity last year? Acknowledgment letters from the charities you gave to may have already shown up in your mailbox. But if
FILING JOINTLY OR SEPARATELY AS A MARRIED COUPLE: WHAT’S THE DIFFERENCE?
When you file your tax return, a tax filing status must be chosen. This status is used to determine your standard deduction, tax rates, eligibility
3 COMMON FORMS OF INSURANCE FRAUD (AND HOW BUSINESSES CAN FIGHT BACK)
Businesses of all shapes and sizes are well-advised to buy various forms of insurance to manage operational risks. But insurance itself is far from risk-free.
IF YOU GAVE TO CHARITY IN 2023, CHECK TO SEE THAT YOU HAVE SUBSTANTIATION
Did you donate to charity last year? Acknowledgment letters from the charities you gave to may have already shown up in your mailbox. But if