IRS Publishes 2022-2023 Special Per Diem Rates
According to Notice 2022-44 from the IRS, various regulations outline the rules for using a per diem rate to substantiate the amount of ordinary and necessary business expenses paid or incurred …
The Inflation Reduction Act: What Does It Contain?
On August 12, Congress passed the Inflation Reduction Act, over 700 pages of economic changes. What does the act do? And just as important, what does it not do? To start with …
Contemplating a Merger or Acquisition?
If you are the owner of a small or midsize business who is looking toward retirement, this could be the time to start thinking about selling your company. Or maybe …
How to Manage Inventory
Do you always have the necessary products available when you need them? Have you lost out on business because items were out of stock? Have you lost money due to …
You Don’t Have a Business Plan – Why?
A business plan helps counterbalance your emotional response to your business so that you can step back and take an objective look at the following: A business plan also helps …
Are Your Employees Really Employees?
Do you have employees or independent contractors? It’s not always an easy question to answer, but the IRS insists you get it right because there’s a huge difference in how …