Hygiene can refer to more than just washing our hands, and hygienic practices in the field of data are a must. Keeping your data accurate, safe, and useful allows you to make better informed decisions for your business.   Data Hygiene refers to the ongoing process of ensuring that the information your company relies on […]

Receiving a notice from the IRS can be intimidating, but it doesn’t have to be. IRS notices are more common than you think, and many are simple to resolve once you understand them. This article walks through the most common types of IRS notices, explains why taxpayers receive them, and provides guidance on how to […]

A successful business is more than just its products and services, but also its practices and procedures. A good business requires strong recordkeeping, allowing better financial decisions as well as ease in tax and legal compliance. Accurate records create support for deductions and keeping tax breaks. This was demonstrated in a recent U.S. Tax Court […]

In a perfect world, you can trust that the employees you hire will uphold the same integrity that you do in regards to the business you have built, but in reality you need to be aware of the areas where you are vulnerable. In fact, occupational fraud cost organizations about 5% of their revenue on […]

If you are 50 or older you have the opportunity to supercharge your retirement savings with additional “catch-up” contributions. Don’t sleep on this valuable opportunity to contribute to these tax-favored retirement accounts. IRA contribution amounts For 2025, eligible taxpayers can make contributions to a traditional or Roth IRA of up to the lesser of $7,000 […]

If your business received large amounts of cash or cash equivalents, there is more to do than just report it on your tax return. Transactions are additionally required to be reported on Form 8300. What are the requirements? Although many cash transactions are legitimate, the IRS explains that the information reported on Form 8300 “can […]

If your business has adopted a hybrid work model, you are not alone. Since the pandemic, organizations across industries have been working to find the ideal balance between remote work flexibility and in-person collaboration. Recent data reveals that many businesses have achieved a sense of balance with hybrid work arrangements. However, sustaining the right mix […]

Are you and your spouse running a profitable unincorporated small business together? If so, there are important tax considerations you should be aware of. Understanding these unique challenges can help you avoid surprises and make the most of your business partnership. The partnership issue An unincorporated business with your spouse is classified as a partnership […]

Fall is here—which means it’s budget season. For many businesses, this process can feel like pulling teeth: stressful meetings, endless spreadsheets, and a plan that rarely lives up to expectations. But here’s the thing—your budget doesn’t have to be a burden. Done right, it’s one of the most powerful tools to fuel growth, spark innovation, […]

Back-to-school season often shines the spotlight on students and parents stocking up on supplies. But behind the scenes, countless teachers are also reaching into their own pockets to buy classroom essentials — and many aren’t reimbursed. The good news? Educators can already deduct certain out-of-pocket expenses on their tax returns. And starting next year, thanks […]