Monday, July 08, 2024
It's common for partners to accumulate expenses linked to the partnership's business, particularly in service-based partnerships like architecture or law firms. For instance, partners in such ventures may accrue entertainment...... Read More
Friday, July 05, 2024
For businesses, cost-effectively sponsoring a health insurance plan for employees is a continuous challenge. In the broadest sense, there are two options available: fully insured or self-funded.A fully insured plan...... Read More
Thursday, July 04, 2024
Many businesses prioritize increasing product and service sales to enhance profitability. However, solely concentrating on sales volume doesn't always lead to higher profits. In reality, funneling more sales through a...... Read More
Tuesday, July 02, 2024
Should you choose to donate valuable items to charity and seek to claim deductions on your tax return, you might find it necessary to obtain an appraisal. The IRS mandates...... Read More
Monday, July 01, 2024
Businesses generally prefer to delay recognition of taxable income to subsequent years, while hastening deductions into the current year. But when is it wise to do the opposite? And why would...... Read More
Monday, July 01, 2024
Here are several important tax deadlines impacting businesses and employers in the third quarter of 2024. This list is not exhaustive, so there may be additional deadlines relevant to your...... Read More
Friday, June 28, 2024
When you come across the word "pivot", it might bring to mind a politician altering their stance on an issue or a group of friends maneuvering a couch down a...... Read More
Thursday, June 27, 2024
Precise and prompt financial information is crucial for executives, board members, investors, and other stakeholders to make informed decisions. However, not all recipients of your financial statements will understand the...... Read More
Wednesday, June 26, 2024
The IRS has entered the next stage of its work on the Employee Retention Credit (ERC), following a comprehensive review that indicated a significant majority of claims are at risk...... Read More
Tuesday, June 25, 2024
Countless individuals aspire to transform their hobbies into sustainable businesses. For instance, you might envision starting a charter fishing business if you're passionate about boating, or you could explore monetizing...... Read More
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