News
Our take on all things financial.
IRS extends relief for inherited IRAs
For the third consecutive year, the IRS has published guidance that offers some relief to taxpayers covered by the “10-year rule” for required minimum distributions (RMDs) from...
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. You might overpay...
7 Common Payroll Risks for Small to Midsize Businesses
If your company has been in business for a while, you may not pay much attention to your Payroll System so long as it’s running smoothly. But don’t get too complacent. Major...
Update on IRS Efforts to Combat Questionable Employee Retention Tax Credit Claims
The Employee Retention Tax Credit (ERC) was introduced back when COVID-19 temporarily closed many businesses. The credit provided cash that helped enable struggling businesses to...
Using Constructive Feedback to Bring Employees Back From the Brink
You’ve probably heard that an employer will likely spend less money trying to improve an employee’s performance than it would firing the worker and hiring someone new. Indeed,...
2024 Tax Calendar
To help you make sure you don’t miss any important 2024 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Please...
Did Your Business Buy the Wrong Software?
No one likes to make a mistake. This is especially true in business, where a wrong decision can cost money, time and resources. According to the results of a recent survey, one...
Does Your Business Have Employees Who Get Tips? You May Qualify for a Tax Credit
If you’re an employer with a business where tipping is routine when providing food and beverages, you may qualify for a federal tax credit involving the Social Security and...
It’s Possible (but Not Easy) to Claim a Medical Expense Tax Deduction
One of your New Year’s resolutions may be to pay more attention to your health. Of course, that may cost you. Can you deduct your out-of-pocket medical costs on your tax return?...