Election May Alter the Tax Landscape for Businesses

Monday, September 30, 2024
Get ready: The upcoming presidential and congressional elections may significantly alter the tax landscape for businesses in the United States. The reason has to do with a tax law that’s...... Read More

Vroom Vroom: Essential Insights on Sales Velocity for Businesses

Friday, September 27, 2024
Owning and operating a company often challenges one's patience. You wait for strategies to unfold, for materials, supplies, or equipment to arrive, and for key positions to be filled. But...... Read More

What Are AUP Engagements and Does Your Business Need One?

Thursday, September 26, 2024
In certain situations, businesses might need to hire CPAs to perform agreed-upon procedures (AUPs) instead of, or in addition to, a review or an audit. According to the American Institute...... Read More

Understanding the Tax Implications of Disability Income Benefits

Tuesday, September 24, 2024
Many Americans rely on disability income benefits, but you might wonder about the tax implications. Whether or not these benefits are taxed depends on the source of the payments and...... Read More

How to Handle Business Website Expenses for Tax Purposes

Monday, September 23, 2024
Most businesses now have websites, but the IRS hasn't provided specific guidance on deducting website costs. Nonetheless, general rules for business expense deductions and IRS guidance on software costs can...... Read More

3 Key Areas of Focus for Companies Seeking Cost Control

Friday, September 20, 2024
Cost control is essential for every business, but the strategies and priorities can shift over time due to economic and logistical factors.Recently, Boston Consulting Group released a report titled "The...... Read More

Understanding the Importance of Auditor Oversight on Journal Entries

Thursday, September 19, 2024
Financial misstatement schemes, with a median loss of $766,000, are the most costly type of fraud, according to the "Occupational Fraud 2024: A Report to the Nations" study by the...... Read More

How Are Series EE Savings Bonds Taxed?

Tuesday, September 17, 2024
Many Americans purchase savings bonds, often to help fund college or show their patriotism. Series EE bonds, which replaced Series E bonds, were first issued in 1980. From 2001 to...... Read More

Tax Responsibilities When Closing a Business

Monday, September 16, 2024
Despite improvements in various aspects of the economy this year, the rising cost of living and other economic factors have led many businesses to close. If you find yourself in...... Read More

Is a 412(e)(3) Retirement Plan Suitable for Your Business?

Friday, September 13, 2024
When businesses are ready to sponsor a qualified retirement plan, the first option that often comes to mind is the 401(k). However, there are other, less commonly known options that...... Read More