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 …
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 …
Preparing for the 2024 Tax Season
As we approach the 2024 tax season, many tax uncertainties must be considered. Chief among them is whether proposals from the presidential candidates will affect our taxes; new legislation may …
Employee vs. Freelancer: Tax and Financial Implications
Let’s say you decide to onboard a freelancer, an independent contractor. What should your next tax- and finance-related moves be? Let’s find out! What to expect when you onboard a …
Worst of the Worst: Top Personal Tax Errors
You can owe even more money if you make any mistakes on your tax return. This means you might miss out on the full refund you claimed. From interest and …