When managing taxes for your small or mid-sized business, the terms tax planning, tax prep, and tax strategy are often used interchangeably. However, they are distinct processes that play unique …
We have received several client inquiries recently regarding the new Beneficial Ownership Information (BOI) reporting requirements established by the U.S. Department of Treasury under The Corporate Transparency Act (“CTA”). The CTA …
As the end of the year approaches, now is the ideal time for business owners to finalize their financial records and prepare for the upcoming tax season. A proactive approach …
Section 179 of the U.S. tax code offers a tax incentive to small and medium-sized businesses by allowing them to take a full deduction on tangible assets in the year …
It’s long been a policy that employees are exempt from the Fair Labor Standards Act’s minimum wage and overtime protections if employed in a bona fide executive, administrative, or professional …
The SECURE 2.0 Act aims to expand the ease of saving for retirement, simplify the management of retirement plans, and improve financial security for American workers and retirees. The updated …
