Insights and Resources

Insights

5 Compelling Reasons to Outsource Your Bookkeeping
December 18, 2024

5 Compelling Reasons to Outsource Your Bookkeeping

Running a closely held business is challenging. Owners usually prioritize core business operations, such as managing employees, serving customers and ...

Business Advisory • Tax Compliance • Accounting and Financial Operations
Self-Employed? Here's How a Solo 401(k) Can Help Build Your Nest Egg
November 21, 2024

Self-Employed? How a Solo 401(k) Builds Your Nest Egg

If you're self-employed or own a small business with no employees (other than your spouse), a solo 401(k) can be an excellent option for retirement ...

Tax Planning • Tax Compliance
Are NIL Collectives Breaking IRS Rules? What You Need to Know
November 21, 2024

Are NIL Collectives Breaking IRS Rules? What You Need to Know

In 2023, the IRS Chief Counsel released Memorandum AM 2023-004, which examined whether Name, Image, and Likeness (NIL) collectives, established to ...

Tax Planning • Nonprofit • Tax Compliance • Guide
Reasons an LLC Might Be the Ideal Choice for Your Business
October 31, 2024

Reasons an LLC Might Be the Ideal Choice for Your Business

Choosing the right business structure is a critical decision for any business owner. For many small and medium-sized businesses, a limited liability ...

Tax Planning • Business Advisory • Tax Compliance
Does Your Business Need to Report Employee Health Coverage?
October 31, 2024

Does Your Business Need to Report Employee Health Coverage?

Offering employee health coverage is a major benefit for many companies, but with it comes a range of reporting requirements to federal agencies like ...

Tax Compliance • Healthcare • Guide
Year-End Tax Moves to Save Your Small Business Money
September 25, 2024

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 ...

Tax Planning • Tax Compliance
NIL Rule Changes: Tax Impacts for Schools Explained
September 25, 2024

NIL Rule Changes: Tax Impacts for Schools Explained

The college athletics landscape is undergoing a significant transformation, particularly with introducing Name, Image, and Likeness (NIL) ...

Tax Planning • Nonprofit • Tax Compliance
Federal Court Rejects FTC’s Noncompete Agreement Ban
August 30, 2024

Federal Court Rejects FTC’s Noncompete Agreement Ban

In April 2024, the Federal Trade Commission (FTC) approved a groundbreaking rule that would have prohibited most noncompete agreements with employees ...

Tax Compliance
Summertime Activities That Can Yield Tax Savings
August 26, 2024

Summertime Activities That Can Yield Tax Savings

As summer, a season often associated with relaxation and fun comes to a close, it's important to remember that it's not too late to capitalize on ...

Tax Planning • Tax Compliance