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 …
Should You Hire an Outsourced CFO?
When the financials of your company start expanding beyond basic accounting, you may find yourself in need of assistance when it comes to planning or analyzing your finances. If that’s …
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 …
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 …
IRS Provides Guidance on Schedules K-2 and K-3
The IRS has provided further details on additional transition relief for certain domestic partnerships and S corporations preparing the new schedules K-2 and K-3 to further ease the change to …