Is your business taking utlizing HSAs to their full advantage?

Inflation has been a hot topic in the news for months, which has caused growing concerns within the business industry. Most business owners are keeping a close eye on costs. Costs that are related to mission-critical functions such as overhead and materials can be difficult to control. However, you might find some budge room in […]

Latest tax news for investors of cryptocurrency

If you’re a crypto investor or user, you may soon notice a new form reporting requirements for digital assets. Checking the box Beginning in the 2022 tax year, taxpayers must check a box on their tax returns indicating whether they have received digital assets as a reward, award or payment for property or services, or […]

If you’ve inherited property recently, are you aware of “stepped up basis” that could be beneficial?

When planning for your estate or inheriting property it’s important to consider what the tax “cost” (or “basis”) implications could be for the individual inheriting as this can often been neglected when families start planning their affairs. Under the fair market value basis rules (also known as the “step-up and step-down” rules), an heir receives […]

Are you renovating a business space? There’s a rehabilitation tax credit that could be beneficial to you.

If your business is growing and will need to increase the space or maybe even move in the near future, remember there’s a rehabilitation tax credit that could be to your advantage – especially for historic buildings. The credit is equal to 20% of the qualified rehabilitation expenditures (QREs) for a qualified rehabilitated building that’s […]

Overwhelmed by Retirement Planning? Here are some simple saving options for your small business.

Are you thinking about setting up a retirement plan for yourself and your employees? “Simplified employee pension” (SEP) or “savings incentive match plan for employees” (SIMPLE) are two options for small business retirement plans. Detailed below are some of the highlights of SEP and SIMPLE plans. SEP involves easy setup If you don’t already have […]

Have you considered the impact of Social Media on Customer Service?

Social media and business are intertwined more than ever today, which affects how businesses interact with their customers. It creates an opportunity for customers to ask questions, businesses to answer those questions and address comments and complaints from buyers. It may also connect companies with potential customers – those interested in their products or services.