IRS Layoffs in Mid-Tax Season: Potential Impacts on Tax Filings and Refund Delays
In a significant shift impacting the tax landscape, the Internal Revenue Service (IRS) is projected to lay off approximately 6,700 employees right […]
The Rise of Fractional Hiring for SMBs: What It Is, How It Works, and Why It’s Trending
By now, you’ve probably heard the rumblings—or maybe caught a glimpse of job titles like “Fractional Sales Manager” or “Fractional Marketing Director” […]
Unlocking Wealth: How Exchanges Can Transform Your Real Estate Investments
Section 1031 of the Internal Revenue Code, commonly known as a 1031 exchange or like-kind exchange, is a powerful tax-deferral strategy used […]
Tax Time Has Arrived! Tips for Getting Ready for Your Tax Appointment
You, like most taxpayers, probably dread the task of pulling together your records to prepare for your tax preparation appointment, but the […]
Succession Planning for Baby Boomer Business Owners: Ensuring a Smooth Transition
As Baby Boomer business owners approach retirement, planning for the future of their businesses becomes crucial. Succession planning is not just about […]
The QuickBooks Desktop Phase Out: How QuickBooks Online Will Future-Proof Your Business
As business owners barrel toward the quarter-century mark of the 21st century, so, too, do the tools we use to manage our […]
IRS Highlights New Warning Signs for Businesses Regarding the Employee Retention Credit
In the wake of the COVID-19 pandemic, the Employee Retention Credit (ERC) emerged as a vital financial lifeline for businesses. However, as […]
Navigating the Corporate Transparency Act: Essential Insights and Compliance Reminder for SMBs
As the deadline for compliance with the Corporate Transparency Act (CTA) approaches, small and medium-sized businesses (SMBs) must remain vigilant. This legislative […]
Stop Chasing Payments: QuickBooks’ Reminders Can Help You Get Paid Faster
In 2021, QuickBooks introduced a set of reminder options designed to tackle one of the most pressing challenges for many businesses: getting […]
Cash In on Global Wealth: How Working Abroad Can Slash Your Tax Bill and Expand Your Horizons
The Foreign Earned Income Exclusion (FEIE) under Section 911 of the U.S. Internal Revenue Code allows U.S. citizens and resident aliens living […]
IRS Offers Second Chance to Resolve Employee Retention Credit Claims with New Voluntary Disclosure Program
The Internal Revenue Service (IRS) has introduced a second Employee Retention Credit (ERC) Voluntary Disclosure Program as outlined in Announcement 2024-30. This […]