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Don’t Have a Tax-Favored Retirement Plan? Set One Up Now

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If your business doesn’t already have a retirement plan, it might be a good time to take the plunge. Current retirement plan rules allow for significant tax-deductible contributions. For example, […]

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IRS Issues Guidance on Tax Treatment of Energy Efficiency Rebates

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The Inflation Reduction Act (IRA) established and expanded numerous incentives to encourage taxpayers to increase their use of renewable energy and adoption of a range of energy efficient improvements. In […]

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7 Common Payroll Risks for Small to Midsize Businesses

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If your company has been in business for a while, you may not pay much attention to your payroll system so long as it’s running smoothly. But don’t get too […]

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Scrupulous Records and Legitimate Business Expenses are the Key to Less Painful IRS Audits

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If you operate a business, or you’re starting a new one, you know records of income and expenses need to be kept. Specifically, you should carefully record expenses to claim […]

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Business Owners, Your Financial Statements are Trying to Tell You Something

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Business owners are commonly and rightfully urged to regularly generate financial statements in compliance with Generally Accepted Accounting Principles (GAAP). One reason why is external users of financial statements, such […]

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