B2B Businesses Require a Cohesive Strategy for Collections

Friday, July 12, 2024
If your company operates within the business-to-business (B2B) realm, you’ve likely encountered some collection challenges.Every company, whether buyer or seller, is trying to manage cash flow effectively. This often results...... Read More

Recent Survey Unveils Primary Audit Committee Concerns

Thursday, July 11, 2024
Audit committees act as gatekeepers of the accounting and financial reporting processes, encompassing the efficacy of the company's control environment. Yet, with the regulatory scene growing more intricate and organizations...... Read More

A Three-Step Approach to Minimize Taxes When Selling Appreciated Vacant Land

Tuesday, July 09, 2024
Imagine you own one or multiple vacant lots that are significantly appreciated, and you're prepared to sell. Or perhaps you own a parcel of appreciated land that you intend to...... Read More

Expenses Paid by Partners in Relation to the Business

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

Understanding Healthcare Self-Insurance and Stop-Loss Coverage: Essential Information for Business Owners

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

4 Areas for Cost Reduction to Enhance Your Business's Profitability

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

When do valuable donations to charity require an appraisal?

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

When Businesses Might Opt for a Contrary Approach in Managing Income and Deductions

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

2024 Q3 Tax Calendar: Important Deadlines for Businesses and Employers

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