Tax Prep, Planning, and Strategy
What Every Business Owner Needs to Know When managing taxes for your small or mid-sized business, the terms tax planning, tax prep, and tax strategy are often used interchangeably. However, …
BOI Reporting Requirements & Filing Deadlines
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 …
Accounting Tasks to Prep for Tax Season
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 Deduction: Tax Incentive
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 …
New Overtime and HCE Rules for Employers
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 …
Employers’ Responsibilities Under the SECURE 2.0 Act
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 …