Federal Action on Paying College Athletes Wanted
Since the NCAA began allowing college athletes to profit from their Name, Image, and Likeness (NIL) in 2021, athletes across the country have been ...
Reminder: Profits and Cash Flow Aren't the Same
Many business owners are often confused when they show a profit but still struggle to pay bills. The key to understanding this discrepancy is ...
IRS Releases Tax Inflation Adjustments for Tax Year 2025
The IRS has announced the annual inflation adjustments for tax year 2025, as outlined in Revenue Procedure 2024-40. These adjustments will impact ...
Taxes Take Center Stage in the 2024 Presidential Campaign
Early voting for the 2024 election has already kicked off in some states, but voters are still seeking additional information on the candidates’ ...
Year-End Tax Moves to Save Your Small Business Money
With Labor Day behind us, it's time to take proactive steps that may help reduce your small business's taxes for this year and next. A common ...
Are You Liable for Two Extra Taxes This Year?
A high income could subject you to two extra taxes: the 3.8% Net Investment Income Tax (NIIT) and the 0.9% additional Medicare tax on wage and ...
IRS Changes Let You Keep Cash in Your 401(k) Longer
The IRS recently published new regulations for taxpayers subject to the "10-year rule" for required minimum distributions (RMDs) from inherited IRAs ...
Is Your Business Prepared for a Fraud Crisis?
Your business likely has a disaster plan to address fires, natural disasters, or other incidents that could disrupt operations. While a fraud ...
FinCEN's New Reporting Rules: Is Your Business Ready?
With the deadline for the Corporate Transparency Act (CTA) fast approaching, the Financial Crimes Enforcement Network (FinCEN) continues to clarify ...