For Business

November 20, 2024

Here are the December 2024 Business Due Dates

November 19, 2024

Discover QuickBooks Online’s latest tools to simplify year-end prep. From enhanced reports to cash flow projections, get clients tax-ready for 2025 with ease.

November 19, 2024

As the year draws to a close, it's crucial to take stock of your financial situation and make strategic moves to minimize your tax liability.

November 14, 2024

As the year draws to a close, small business owners have a unique opportunity to implement strategies that can significantly reduce their tax liability for the upcoming year.

November 5, 2024

Discover essential cash flow strategies for subscription-based SMBs. Learn pricing tips, retention tactics, and cash flow forecasting to strengthen recurring revenue. Contact us to optimize your model!

February 21, 2011

How do you let customers know they owe you money? Probably by sending invoices. And how's that working for you? If your customers are all conscientious and pay on time, maybe that's all you need to do.

October 22, 2024

Get organized and prepared for your year-end financial review. Learn how to organize financial statements, review profit and loss, and plan for growth. Contact us for expert help.

October 22, 2024

The Corporate Transparency Act (CTA) was enacted as part of a broader effort to combat money laundering, terrorism financing, and other illicit financial activities.

October 20, 2024

Here are the November 2024 Business Due Dates

October 10, 2024

QuickBooks Online makes it easy to manage contractor payments and 1099s. Learn everything you need to know about staying compliant with non-employee workers here.

October 10, 2024

When engaging in activities that generate income, it's essential to understand how the IRS classifies these activities for tax purposes.

October 8, 2024

Learn the key payroll tax considerations when hiring seasonal employees. Stay compliant with payroll taxes, avoid penalties, and ensure smooth payroll management. Contact us for expert help.

October 8, 2024

The Internal Revenue Service has announced disaster tax relief for all individuals and businesses affected by Hurricane Helene, including the entire states of Alabama, Georgia, North Carolina and South Carolina and parts of Florida, Tennessee and Virginia.

October 1, 2024

The Internal Revenue Code (IRC) Section 1202, often referred to as the Qualified Small Business Stock (QSBS) provision, offers a significant tax incentive for investors in small businesses. Enacted in 1993, this provision aims to stimulate investment in small businesses by allowing non-corporate taxpayers to exclude a portion of the gain realized on the sale of QSBS.

September 19, 2024

Here are the October 2024 Business Due Dates

September 19, 2024

If you’ve ever dreamed of seeing the world on your employer’s dime, Emirates’ latest hiring blitz could be for you. But are their tax perks too good to be true?

September 19, 2024

QuickBooks Online is the perfect solution for most businesses amid the news that QuickBooks Desktop will be largely phased out in 2025. Learn more.

September 18, 2024

Stay informed about the Corporate Transparency Act's latest insights and compliance requirements for small and medium-sized businesses. Learn what steps to take before the upcoming deadline.

September 17, 2024

Discover essential steps for Baby Boomer business owners to ensure a smooth transition of leadership. Learn about succession options, legal considerations, and how to prepare your business for the future. Start planning today to secure your legacy and business continuity.

September 16, 2024

Learn effective cash flow management strategies to prepare your business for seasonal slowdowns. Discover expert tips to maintain financial stability during fall, winter, and election cycles.

September 13, 2024

A Bronx restaurant’s recent appeals court victory could change how business owners nationwide handle tax disputes. Learn more.

August 22, 2024

In an increasingly globalized economy, foreign business travel has become a staple for many companies seeking to expand their reach, forge new partnerships, and stay competitive.

September 12, 2024

Discover the IRS's latest warning signs for incorrect Employee Retention Credit claims. Learn how to avoid common pitfalls and ensure your business remains compliant with expert guidance.

September 12, 2024

Discover proactive financial and tax strategies for natural disasters. Protect your assets, secure vital documents, and explore tax relief options post-disaster. Reach out to us for tailored advice.

September 12, 2024

The distinction between independent contractors and employees has become increasingly significant. This differentiation not only affects the way workers are managed and compensated but also has profound implications for tax obligations and legal rights. Misclassification of employees as independent contractors can lead to serious legal and financial consequences for businesses.

September 3, 2024

As a sole proprietor, understanding and leveraging the myriad tax deductions and credits available to you is crucial for minimizing your tax liability and maximizing your business's profitability.

August 21, 2024

Here are the September 2024 Business Due Dates

August 23, 2024

QuickBooks’ powerful payment reminder feature can reduce instances of non-payment, improve cash flow, and boost customer relations. Learn more.

August 20, 2024

The Corporate Transparency Act (CTA), enacted as part of the Defense Authorization Act for Fiscal Year 2021, represents a significant legislative effort to enhance corporate transparency and combat illicit financial activities in the United States.

August 19, 2024

Making the wrong hire can be costly and time-consuming, impacting your business in several ways. Learn more.

August 20, 2024

This comprehensive guide will walk you through the essential steps to launch your business successfully. Learn how.

August 16, 2024

The Internal Revenue Service (IRS) has introduced a second Employee Retention Credit (ERC) Voluntary Disclosure Program as outlined in Announcement 2024-30.

August 13, 2024

In the digital age, crowdfunding has emerged as a revolutionary way for individuals and businesses to raise funds for a wide array of projects, from innovative products and artistic endeavors to personal causes and community projects.

August 10, 2024

Watch this video for a quick overview of how business owners can take advantage of business meal deductions.

August 9, 2024

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July 30, 2024

In the realm of taxes, understanding who is required to pay self-employment tax and who is exempt is crucial for individuals navigating their financial responsibilities.

July 18, 2024

Discover the top 5 accounting mistakes small business owners make and learn how to avoid them. Improve your financial health with practical tips on bookkeeping, expense tracking, and cash flow management.

July 22, 2024

Here are the August 2024 Business Due Dates

July 21, 2024

Ready to take your business to the next level? Discover the top 7 QuickBooks Online strategies you need to know right now.

July 17, 2024

Discover how focusing on customer experience can enhance your business's financial performance. Learn practical strategies to improve customer retention, increase lifetime value, and reduce churn, all while boosting your bottom line.

July 11, 2024

The Work Opportunity Tax Credit (WOTC) is a federal tax incentive designed to encourage employers to hire individuals from certain groups who have consistently faced significant barriers to employment.

July 2, 2024

In the labyrinth of tax regulations, the self-employed health insurance deduction stands out as a beacon of relief for self-employed individuals, partners in partnerships, and shareholders in S corporations.

June 25, 2024

The Employee Retention Credit (ERC) was introduced as a part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act in 2020 to help businesses keep employees on their payroll during the COVID-19 pandemic.

June 18, 2024

It’s summertime and the living is easy! Find out how QuickBooks Online’s recurring transactions feature can help you save time and manage your small business.

June 20, 2024

Here are the July 2024 Business Due Dates

June 10, 2024

Learn budgeting tips, financial strategies, and the benefits of partnering with an accounting expert to achieve financial stability and growth.

June 4, 2024

As a small business owner, one of your primary goals should be to maximize your business deductions to minimize your tax liability. Effective tax planning can significantly impact your bottom line, allowing you to reinvest more into your business.

May 30, 2024

Considering recent natural disasters, the IRS extended the normal April 15 deadline for filing certain tax returns for some affected taxpayers until June 17, 2024.

May 22, 2024

Here are the June 2024 Business Due Dates

May 20, 2024

Unlock effective cash flow management for small businesses with these essential strategies.

May 17, 2024

Tired of struggling through manual transaction entry in QuickBooks Online? Find all of the information you need to save time in this guide.

May 1, 2024

Discover how recent R&D tax credit legislation impacts small to medium-sized businesses. Our expert analysis offers clarity and strategic advice.

April 20, 2024

Here are the May 2024 Business Due Dates

April 19, 2024

This guide will help you understand and correctly handle payroll taxes to be legally compliant. Learn more.

April 9, 2024

Struggling to master QuickBooks? Take these five steps every time you open your accounting software to quickly be on your way to success!

March 29, 2024

This guide will not only help you identify and solve overstaffing issues but also ensure your necessary employees remain engaged and productive. Learn more.

March 21, 2024

As springtime approaches, there’s no better time to do some QuickBooks spring cleaning. Get your small business ready for the rest of the year with these tips!

March 23, 2024

Here are the April 2024 Business Due Dates

March 7, 2024

Are you ready to turn tax season into sales season for your business? Try these innovative ways to make tax time your most lucrative time of year!

March 7, 2024

In a landmark decision on March 1, 2024, a federal district court in Alabama declared the Corporate Transparency Act (CTA), a piece of legislation aimed at combating money laundering, unconstitutional. The ruling, delivered in the case of National Small Business United et al v. Yellen, No. 5:22-cv-1448-LCB, has sent shockwaves through the legal and business communities, challenging the federal government's efforts to increase transparency in business ownership.

February 22, 2024

Farmers and fishers who chose to forgo making 2023 estimated tax payments by January must generally file their 2023 federal income tax return and pay all taxes due by Friday, March 1, 2024.

February 22, 2024

The U.S. Department of Labor (DOL) announced on Jan. 9, 2024, the issuance of its final rule regarding whether a worker is an employee or an independent contractor under the federal Fair Labor Standards Act (FLSA).

February 21, 2024

Discover the essentials of business cyber security, from understanding cyber threats to implementing effective network security measures. Protect your digital assets and fortify your business against cyber-attacks with our comprehensive guide.

February 20, 2024

Here are the March 2024 Business Due Dates

February 19, 2024

Discover the importance of separating personal and business finances for small business owners. Learn how distinct bank accounts and credit cards can streamline bookkeeping, enhance financial reporting, and protect personal assets.

February 15, 2024

The Employee Retention Credit (ERC) was a government-sponsored program to keep workers employed during the Covid-19 pandemic. It provided qualifying employers with a refundable credit against certain employment taxes equal to 70% (up from 50% prior to 2021) of the qualified wages that an eligible employer paid to employees after March 12, 2020, and before July 1, 2021.

February 8, 2024

Whether you’re new to QuickBooks or never learned the software properly, these 5 essential tips for small business owners will help you.

January 23, 2024

IRC Sec 1202, Qualified Small Business Stock (QSBS) gain exclusion, provides a significant tax planning strategy. Sec 1202 was enacted in 1993 to encourage investment in small businesses. It allows individuals to avoid paying taxes on up to 100% of the taxable gain recognized on the sale of qualified small business stock (QSBS) of a C corporation.

January 20, 2024

Here are the February 2024 Business Due Dates.

January 17, 2024

Ready to streamline your business operations in 2024? Learn how to use QuickBooks Online’s recurring transactions feature here.

January 11, 2024

Understanding the concept of a tax nexus is one of the most significant challenges for many business owners. Learn more.

January 10, 2024

Explore the common triggers for IRS audits of small businesses and discover practical tips to navigate tax season with confidence and compliance.

January 6, 2024

The CTA passed a new reporting requirements for businesses in the US, focusing on beneficial ownership, starting in 2024.

December 28, 2023

As it does every year, the Internal Revenue Service recently announced the inflation- adjusted 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes

January 1, 2024

The IRS has announced the new standard mileage rates to be used for automobile tax deductions in 2024.

December 21, 2023

As the bustle of December fades, get a head start on your 2024 finances with these helpful QuickBooks tips for small business owners. Learn more.

December 22, 2023

Here are the January 2024 Business Due Dates

December 22, 2023

The IRS has introduced a New Voluntary Disclosure Program that allows employers who received questionable Employee Retention Credits (ERC) to pay them back at a discounted rate. This is a different program from the one IRS created earlier for those who haven’t received payment from the IRS and want to withdraw their ERC claim, which is discussed later in this article.

December 19, 2023

Unlock the secrets to financial success for your small business by steering clear of common tax and accounting pitfalls. Learn more.

December 14, 2023

It is mandatory for foreign entities that are conducting business in the United States to have an Employer Identification Number (EIN). It is needed for tax and payroll reporting and U.S. banks will require one to establish accounts.

March 5, 2024

In the ever-evolving landscape of business regulations, the Corporate Transparency Act (CTA), passed as part of the National Defense Authorization Act for Fiscal Year 2021, introduces new reporting requirements for businesses in the United States, specifically focusing on beneficial ownership. Although this reporting does not take place until 2024, it is something you need to be aware of and prepare for.

December 7, 2023

Self-employment (SE) tax is a tax consisting of Social Security and Medicare taxes primarily for individuals who work for themselves. It is like the Social Security and Medicare taxes withheld from the pay of most wage earners. But unlike wage earners who pay half the Social Security and Medicare taxes with their employers paying an equal amount of these employment taxes, the self-employed person pays both halves of the taxes.

December 8, 2023

In its ongoing effort to combat questionable Employee Retention Credit (ERC) claims, the IRS has sent more than 20,000 letters advising taxpayers that the agency is disallowing their claims.

November 28, 2023

Businesses, whether operating as a corporation, partnership, or a sole proprietorship, have been required to electronically file information returns when the aggregate number of these returns, regardless of the type of return, for a tax year was more than 250. The IRS issued regulations in February 2023 lowering the threshold to 10 or more returns, effective with the returns filed on or after January 1, 2024. For the most part, this means the electronic filing mandate will apply to 2023 information returns.

November 30, 2023

Starting Jan. 1, 2024, businesses are required to electronically file (e-file) Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return. This new requirement follows final regulations amending e-filing rules for information returns, including Forms 8300.

November 24, 2023

Here are the December 2023 Business Due Dates

November 21, 2023

End 2023 on a high note by completing these five essential QuickBooks Online tasks before January 1, 2024. Full details here.

November 22, 2023

Year-end is rapidly approaching, as are the holidays. So, before you become distracted with the seasonal celebrations, it may be in your best interest to consider year-end tax moves that can benefit you for both 2022 2023 and 2023 2024. Here are last-minute tax issues you might consider:

November 17, 2023

Gain a comprehensive understanding of business valuations, from their crucial role in transactions to tax reporting, financial planning, and litigation.

November 9, 2023

The IRS has created a withdrawal option to help small business owners and others who were pressured or misled by ERC marketers or promoters into filing ineligible claims. Claims that are withdrawn will be treated as if they were never filed. The IRS will not impose penalties or interest. The IRS continues to warn taxpayers to use extreme caution before applying for the ERC as aggressive maneuvers continue by marketers and scammers.

October 31, 2023

Find a comprehensive analysis of the Tax Foundation’s 2024 State Business Tax Climate Index. A must-read for all small business owners and prospective business owners.

October 23, 2023

Quickbooks Online is an excellent resource for small business owners. Find helpful fund recording tips in this guide.

October 21, 2023

Here are the November 2023 Business Due Dates

October 20, 2023

Despite warnings from the IRS, the American Institute of CPAs, and other professional tax preparer societies, many business owners have fallen victim to aggressive marketing of the Employee Retention Credit (ERC) by marketers or promoters into filing ineligible claims.

October 10, 2023

As an employer or an employee one intricacy of tax laws and regulations that often goes unnoticed is the concept of Accountable Plans.

September 28, 2023

As Federal Reserve interest rates remain uncertain, it is important for startup founders to understand potential consequences. Learn more in this guide.

September 20, 2023

Here are the October 2023 Business Due Dates

September 15, 2023

Despite warnings from the IRS, AICPA, and other professional tax organizations many business owners are being misled into filing for the Employee Retention Tax Credit for which they do not qualify.

September 20, 2023

QuickBooks Online offers a host of bookkeeping and accounting features for business owners. Learn how to save time with recurring transactions.

September 13, 2023

In this article, we'll explore the multifaceted impact of rising interest rates on start-up fundraising and delve into strategic approaches to navigate this shifting landscape.