If You Gave to Charity in 2023, Check to See That Your Have Substantiation
Did you donate to charity last year? Acknowledgment letters from the charities you gave to may have already shown up in your mailbox. But if you don’t […]
Keep Fraud Off Your Restaurant’s Menu
The restaurant business is notoriously tough — even without the many fraud threats. The fact is, when you’re operating on very thin profit […]
Update on IRS Efforts to Combat Questionable ERTC Claims
The Employee Retention Tax Credit (ERTC) was introduced back when COVID-19 temporarily closed many businesses. The credit provided cash that helped enable struggling […]
IRAs: Build a Tax-Favored Retirement Nest Egg
Although traditional IRAs and Roth IRAs have been around for decades, the rules involved have changed many times. The Secure 2.0 law, which was enacted at the […]
Should Your Business Offer the New Emergency Savings Accounts to Employees?
As part of the SECURE 2.0 law, there’s a new benefit option for employees facing emergencies. It’s called a pension-linked emergency savings account (PLESA) and the provision […]
Ready, Set, Value!
When the parties know what to expect at each phase of a business valuation project, it makes the process easier for everyone. This awareness promotes collaboration and […]
Answers to Your Tax Season Questions
The IRS announced it opened the 2024 income tax return filing season on January 29. That’s when the tax agency began accepting and […]
Generative AI Can Help Prevent, Detect and Investigate Fraud
You may already be familiar with artificial intelligence (AI) and even use it in business applications. What about generative AI (Gen AI)? Gen […]
Tax-Favored Qualified Small Business Corporation Status Could Help Your Thrive
Operating your small business as a Qualified Small Business Corporation (QSBC) could be a tax-wise idea.
Tax-free treatment […]
The Kiddie Tax Could Affect Your Children Until They’re Young Adults
The so-called “kiddie tax” can cause some of a child’s unearned income to be taxed at the parent’s higher marginal federal income tax rates instead of at […]
