News
Our take on all things financial.
Is Your Business Underestimating the Value of Older Workers?
The job market remains relatively tight for businesses looking to fill open positions or simply add top talent when the fit is right. That means it’s still important for...
IRS Delays New Reporting Rule for Online Payment Processors
For the second consecutive year, the IRS has postponed implementation of the new reporting rule for online payment processors. The new rule that would have led to an estimated 44...
5 Strategies to Cut Your Company’s 2023 Tax Bill
As another year ends with interest rates and markets in flux, one thing remains certain: Reducing your company’s tax bill can improve your cash flow and your bottom line. Below...
Choosing a Business Entity: Which Way to Go?
If you’re planning to start a business or thinking about changing your business entity, you need to determine what will work best for you. Should you operate as a C corporation...
Contributing to Your Employer’s 401(k) Plan: How it Works
If you’re fortunate to have an employer that offers a 401(k) plan, and you don’t contribute to it, you may wonder if you should participate. Contributing to your 401(k) has a ton...
IRS Offers a Withdrawal Option to Businesses That Claimed ERTCs
Recent IRS warnings and announcements regarding the Employee Retention Tax Credit (ERTC) have raised some businesses’ concerns about the validity of their claims for this...
The Social Security Wage Base for Employees and Self-employed People is Increasing in 2024
The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $168,600 for 2024 (up from $160,200 for 2023). Wages...
Valuations Can Help Business Owners Plan for the Future
If someone was to suggest that you should have your business appraised, you might wonder whether the person was subtly suggesting that you retire and sell the company. Seriously...
How IRS Auditors Learn About Your Business Industry
Ever wonder how IRS examiners know about different industries so they can audit various businesses? They generally do research about specific industries and issues on tax returns...