We are pleased to announce that Heather Swan has successfully earned her Certified Public Accountant (CPA) license. This achievement reflects a high level of technical expertise, dedication to the profession, and a strong commitment to upholding the standards of ethical and professional excellence in the accounting field. Obtaining the CPA credential is a rigorous process,… Read More »We’re Proud to Announce Our New CPA!
In a world where corporate social responsibility and philanthropy are highly valued, businesses have increasingly explored avenues to support causes and make a positive impact.
In the event of a bank failure, the FDIC will step in to protect depositors by insuring their deposits up to the limit.
As a business owner, you are likely familiar with the concept of depreciation. Depreciation is a tax-deductible expense that allows businesses to spread out the cost of purchasing and owning… Read More »What is Bonus Depreciation and Section 179 Depreciation?
For many business owners, managing accounting tasks can be a significant source of stress.
It’s a great time for many closely held businesses to revisit their entity selection.
“Extending the 2017 Tax Cuts and Jobs Act is the single most important economic issue of the day. If we do not renew an extension, then we will be facing an economic calamity, and as always, with financial instability, that falls on the middle and working class”, Treasury Secretary Scott Bessent.
Introduction For small business owners, planning for retirement is crucial but can be complex due to the variety of retirement plans available. In this blog post, we will look at… Read More »How Self-Employed Individuals Can Save Big For Retirement
Owning rental real estate can be a lucrative investment, but understanding your federal tax responsibilities is crucial for managing finances effectively and ensuring compliance with IRS regulations. Here’s a detailed… Read More »Navigating Federal Tax Responsibilities for Rental Real Estate Owners
Owning rental real estate can be a lucrative investment, but understanding your federal tax responsibilities is crucial for managing finances effectively and ensuring compliance with IRS regulations. Here’s a detailed… Read More »Navigating Federal Tax Responsibilities for Rental Real Estate Owners
The landscape of tax deductions for moving expenses has undergone significant changes since the Tax Cuts and Jobs Act (TCJA) was enacted. Here’s what you need to know about the… Read More »Navigating the New Tax Rules on Moving Expenses
If you’re part of the rental real estate market, understanding your federal tax obligations is crucial. Here’s a detailed guide to help you manage your tax responsibilities efficiently: Understanding Rental… Read More »Navigating Tax Responsibilities for Rental Real Estate Owners
As of 2024, being self-employed in the U.S. comes with specific tax responsibilities that differ from those of traditional employees. Here’s a comprehensive guide to help you manage your self-employment tax obligations effectively:
For an individual to qualify under the WOTC, they must not only belong to one of the designated groups but also meet additional criteria like being unemployed for a specified duration before hiring or receiving benefits like SNAP (Supplemental Nutrition Assistance Program). For employers, the benefit varies but can reach up to $9,600 per employee based on the individual’s wages and the group they belong to.
Running a family business can offer numerous advantages, including the flexibility to hire family members. However, the tax implications of employing family can differ significantly from hiring non-family employees. Here’s a detailed look at how employing children, parents, or a spouse affects your business’s tax obligations.