Divorcing Business Owners Should Pay Attention to the Tax Consequences
If you’re getting a divorce, you know the process is generally filled with stress. But if you’re a business owner, tax issues can complicate matters ...
Is QuickBooks Right for Your Nonprofit?
Not-for-profit organizations exist to achieve nonfinancial or philanthropic goals, not to make money or build value for investors. But they still ...
IRS Suspends Processing of ERTC Claims
In the face of a flood of illegitimate claims for the Employee Retention Tax Credit (ERTC), the IRS has imposed an immediate moratorium through at ...
The Advantages of Using an LLC for Your Small Business
If you operate your small business as a sole proprietorship, you may have considered forming a limited liability company (LLC) to protect your ...
What is Reasonable Compensation for an S Corp?
Reasonable compensation for owners of S Corporations is an IRS audit issue.
9 Signs You Need to Hire a Forensic Accountant
You own and operate a small-to-medium-sized business and have devoted your life to making this company profitable. You have sacrificed and dedicated ...
Moving Mom or Dad into a Nursing Home? 5 Potential Tax Implications
More than a million Americans live in nursing homes, according to various reports. If you have a parent entering one, you’re probably not thinking ...
How Outsourced Accounting Can Elevate Your Accounting Structure
Building a successful business over time takes consistency and dedication. Your team and day-to-day accounting operations are working well to deliver ...
Pocket a Tax Break for Making Energy-efficient Home Improvements
According to the National Weather Service, an estimated 190 million Americans have recently been under heat advisory alerts. That may have spurred ...