Tuesday, February 27, 2024
Monetary awards and settlements are often provided for an array of reasons. For example, a person could receive compensatory and punitive damage payments for personal injury, discrimination or harassment. Some...... Read More
Monday, February 26, 2024
The Employee Retention Tax Credit (ERTC) was introduced back when COVID-19 temporarily closed many businesses. The credit provided cash that helped enable struggling businesses to retain employees. Even though the...... Read More
Thursday, February 22, 2024
Reconciling bank accounts is critical to ensuring the accuracy of your company’s accounting records. The primary purpose of a bank reconciliation is to confirm that the transactions recorded in your...... Read More
Tuesday, February 20, 2024
The IRS announced/opened the 2024 income tax return filing season on January 29. That’s when the tax agency began accepting and processing 2023 tax year returns.Here are answers to seven...... Read More
Monday, February 19, 2024
The IRS recently announced various inflation-adjusted federal income tax amounts. Here’s a rundown of the amounts that are most likely to affect small businesses and their owners.Rates and bracketsIf you...... Read More
Friday, February 16, 2024
Does your business file 10 or more information returns with the IRS? If so, you must now file them electronically. This is a significant rule change that went into effect...... Read More
Thursday, February 15, 2024
Data breaches can be costly. The average total cost of a data breach has risen to roughly $4.45 million, according to a 2023 survey of information technology (IT) security professionals...... Read More
Tuesday, February 13, 2024
The IRS announced various 2024 inflation-adjusted federal tax amounts that affect individual taxpayers.Most of the federal income tax rate bracket thresholds are about 5.4% higher than for 2023. That means...... Read More
Monday, February 12, 2024
Is your business depreciating over 30 years the entire cost of constructing the building that houses your enterprise? If so, you should consider a cost segregation study. It may allow...... Read More
Friday, February 09, 2024
For the second consecutive year, the IRS has postponed implementation of a new rule that would have led to an estimated 44 million taxpayers receiving tax forms from payment apps and online...... Read More
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