Tax Season Deadlines: Essential Dates for Businesses and Individuals
Tax season can feel like a whirlwind, but staying organized and informed about key deadlines can make the process smoother. We’re here to guide you every step of the way. …
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, they are distinct processes that play unique …
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 …