Lessons in Recordkeeping from a Recent Tax Court Decision
Running a successful business take more than delivering great products or services – it requires disciplined financial management. Meticulous recordkeeping...
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Business
10/06/2025
How to Track and Manage Cash Transactions in Your Business
Cash Management Best Practices for Closely-Held Businesses Why Tracking Cash Still Matters in a Digital World Despite the ever-digitizing...
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Business
09/19/2025
Section 174 Update: New Guidance for Treatment of Domestic Research Costs
Background The Tax Cuts and Jobs Act, enacted in 2018, included a delayed provision affecting Section 174 research expenses beginning...
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Business
07/08/2025
Tax Bill Provisions Directed at Closely Held and Pass-Through Businesses
OBBBA is now law. What are the main tax changes that will impact business owners? The One Big Beautiful Bill...
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Business
06/18/2025
Accounting Best Practices for Food Co-ops
Accounting Best Practices for Food Co-ops
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Cooperative
06/18/2025
Patronage Dividends for Food Co-ops
Patronage Dividends for Food Co-ops A Primer on Distributing Earnings and Building Member Capital
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Cooperative
06/16/2025
Understanding Excess Business Losses and Related Tax Rules for 2025
If you are facing substantial business losses in 2025, you may be subject to unfavorable tax rules. For small business...
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Business
05/06/2025
New IRS 1099 E-Filing Rules for 2025: Avoid Penalties with TIN Matching
IRS 1099 e-filing rules are changing for the 2025 filing season. Here’s what small businesses need to know. The IRS...
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Business
01/13/2025
Worker Co-op Owners: Where to Report Patronage Dividends (1099-PATR) on Your Form 1040 for 2024
This article outlines a suggestion for reporting your patronage dividends income for the 2024 tax year. Please keep in mind...
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Cooperative
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
02/09/2022
Net Operating Losses for 2021 and Beyond
If your cooperative is taxed as a corporation and has had losses in past years or may have them in...
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Business
06/03/2021
Housing Cooperatives: Accounting and Tax Issues
Let’s take a look at some of the important nuances that govern the accounting and tax matters pertaining to housing...
