Business

01/07/2025

Back to Basics: The Percentage of Completion Method of Accounting for Contractors

If you are in the construction industry or read our prior article on Methods of Accounting for Construction Contractors, chances...

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Business

01/02/2025

BOI Update: BOI Requirements On Hold Again

Update 3/25/25: On March 21st, FinCEN issued interim guidance for US business owners regarding BOI filing requirements. This guidance removed...

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Business

01/02/2025

Updated IRS Standard Mileage Rates Issued for 2025

As the 2025 tax year winds down, the IRS has provided the new standard mileage rate for 2025 business miles....

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Business

12/24/2024

Breaking: Corporate Transparency Act BOI Requirements Reinstated; Updated Deadlines

Update 3/25/25: On March 21st, FinCEN issued interim guidance for US business owners regarding BOI filing requirements. This guidance removed...

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Business

12/04/2024

Breaking: Texas Court Ruling Puts a Temporary Stoppage of Corporate Transparency/BOI Filings

Update 3/25/25: On March 21st, FinCEN issued interim guidance for US business owners regarding BOI filing requirements. This guidance removed...

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Business

11/26/2024

Small Businesses – Important Filing Requirement !! New Rules Require Beneficial Ownership Reporting to FinCEN

Update 2/18/25 : BOI reporting is back on. The US District Court granted a stay in the Smith v US...

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Business

11/15/2024

Retirement Plan Audit vs. Retirement Plan Checkup

The Department of Labor (DOL) requires that retirement plans (401K, 403b, ESOP plans etc.) with 100 or more participants with...

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Business

11/15/2024

A Manufacturer’s Guide to the R&D Tax Credit

The Research and Development Credit (R&D) can be a very beneficial tax credit for manufacturers and a wide range of...

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Business

11/14/2024

IRS TIN Matching Service Can Save You Time & Money

The IRS requires payors who remit payments to vendors (ex. self-employed contractors) to obtain a name and tax ID number...

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Business

11/14/2024

IRS Implements Changes to Increase Accuracy of 1099 Filings

For years the IRS focused on the accuracy of W-2s in reporting income. Employers were required to have an employee...

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Business

11/11/2024

FAQs: Beneficial Ownership Information and Corporate Transparency Act

Update 3/3/25: On March 2, 2025, the U.S. Department of the Treasury announced that it will no longer enforce the...

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Business

11/08/2024

Beneficial Ownership Information Reporting Resources for Small Businesses

Update 3/3/25: On March 2, 2025, the U.S. Department of the Treasury announced that it will no longer enforce the...

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Business