Firm News & Updates

Are you planning to take a business trip this summer? If your destination is known for its cultural or recreational attractions, you might want to combine some leisure with your business activities. You still may be able to enjoy plenty of tax benefits from the trip —...

If you're in line to receive a significant inheritance, your feelings may range from exhilaration to relief, not to mention a great deal of sadness for the loved one who has passed. Indeed, a large infusion of cash or assets can be overwhelming. Generally, when you...

For years, the tax code has offered an incentive for employers to provide child care to their employees in the form of the Section 45F child care tax credit. But the credit is rarely claimed, according to the Congressional Research Service. Employers that qualify for...

The general business credit (GBC) may help certain small businesses cut their federal income tax obligations significantly. This is an "umbrella" credit that encompasses various business-related credits, which are far more valuable than tax deductions. While...

Once you're married, you have two options when it comes to filing your annual federal income tax return — married filing jointly or married filing separately. While some couples may find it more tax-efficient to file separately, joint filing often is more...

The U.S. Department of Labor (DOL) has issued a new regulation on the classification of workers as employees or independent contractors which will go into effect on March 11, 2024. The DOL believes this final rule will help businesses and workers address...

Listen to the latest episode of the Small Business Answer Man podcast, A CFO's Insights with Chris Mannina by clicking here.

Effective January 1, 2024, U.S. and foreign entities doing business in the U.S. may be required to disclose information regarding their beneficial owners to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN). This requirement is being...

Introduction Processing 1099 forms is a critical task for businesses, but it's often marred by inefficiencies that can lead to significant delays. This blog explores practical strategies to mitigate common issues that slow down 1099 processing. By understanding these...

Introduction Business owners often encounter a perplexing scenario where their financial statements and tax returns report different income figures. This disparity, far from being an error, stems from distinct accounting principles and tax regulations governing each...