For many, fall widely signals the time for cozy sweaters, corn mazes, and all things pumpkin. Fall also signals a great time to start planning for your year end taxes and thinking of steps that may help lower your tax bill for this year and next. One of the first planning steps is to ascertain […]

The Work Opportunity Tax Credit (WOTC) Is available to help employers who hire workers from targeted groups. The credit is worth as much as $2,400 for each eligible employee, sometimes more for certain groups. The WOTC targeted groups are those who typically face significant barriers to employment, the specific groups are discussed below. To be […]

While it is important to have strong policies, procedures and internal controls in place to prevent fraud, it is equally important to have an action plan in place if indications of fraud do arise. How you handle the evidence obtained could determine whether you’ll be able to prove the charges brought against the alleged perpetrator […]

Many estates will no longer need to worry about federal estate taxes as a result of the current estate tax exemption amount of $12.06 million as of 2022. If you do not need to worry about estate taxes, you can now spend more time planning around saving income taxes for your beneficiaries. While saving both […]

Below are some of the key tax-related deadlines for the rest of the 2022 year that may affect businesses and other employers. Please note that there may be additional deadlines that apply to you as this list is not all-inclusive. Note: Certain tax-filing and tax-payment deadlines may be postponed for taxpayers who reside in or […]

It is no secret that having customers is a huge part of your business. However, the saying “the more, the merrier” does not always apply when it comes to your customer base. Obviously, every company needs a solid customer or client base to survive. But, to truly thrive, you need to evaluate which customers are […]

When you hear talk about the housing market, you hear how crazy it has been in recent times. However, these crazy times do not stop some people from purchasing homes – some even use it to their advantage. If you’re buying a home, or you just bought one, you may wonder if you can deduct […]

Recently, the Biden administration outlined a plan to forgive up to $10,000 of student loan debt for individuals with federal student loan debt, and up to $20,000 in relief for individuals that were Pell Grant recipients. Individuals earning $125,000 ($250,000 for joint filers) or less a year are eligible to receive this relief. Normally, debt […]

As with any business strategy, there are pros and cons to the choices you make. Depending on what role your real estate plays in the operations of your business – separating your business from its real estate could very well be a strategy you could take advantage of with the pros outweighing the cons. Tax […]

In today’s data driven world, the impossible is becoming more of a reality and the best business owners are utilizing this data to their advantage. Forecasting key metrics — such as sales demand, receivables, payables and working capital — can help you manage overhead, offer competitive prices and keep your business on firm financial footing. […]