Is Your Business Subject to the New BOI Reporting Rules?
Starting January 1, 2024, an anticipated 32.6 million businesses will be required to comply with new beneficial ownership information (BOI) reporting rules under the Corporate Transparency Act (“CTA”). BOI reporting involves the disclosure of information…
Construction Companies: Lean Into Tech to Optimize Accounting and Financial Management
The construction industry is renowned for its quality craftsmanship. However, it's also sometimes known for a historical reluctance to adopt new technology. When it comes to your construction company's accounting and financial management, there's never…
Year-End Review of S Corp Compensation: Stay on the Right Side of the IRS
With 2024 right around the corner, your shareholders might be thinking about year-end bonuses or distributions. Before doing so, it's important to review the potential tax implications and requirements. Distributions vs. Bonuses S corporations…
7 Fringe Benefits for Nonprofit Employers to Offer
One of the biggest challenges facing not-for-profit organizations is finding and retaining top-quality talent. It's hard enough to overcome the perception — often a misconception — that nonprofits don't pay their employees nearly as well…
Thinking Beyond the Paystub: 4 Best Practices for Maximizing Labor ROI
Economic uncertainty and challenging market conditions like the current environment often have business owners reaching for the calculator and thinking about their labor costs. It’s not an unreasonable instinct in tough times: labor costs are…
Overcoming Stagnant Growth: Strategies to Break Free From a Business Plateau
Plateaus are a normal event in the life cycle of any business, but that doesn’t make them any less frustrating. What was once an effective driver of revenue and growth can suddenly stop working leading…
5 Ideas to Help Small Business Owners Reduce Taxes for 2023
As year end approaches, small business owners should review their tax situations to determine ways to lower federal income taxes for the current tax year — and beyond. Fortunately, no significant unfavorable federal tax law…
Ensuring Profitability as Your Veterinary Practice Grows
In a thriving pet care industry valued at nearly $36 billion, increasing profitability while growing your veterinary practice can be a challenging endeavor. The path to growth is not just about increasing revenue but understanding…
Year-End Tax Planning For Manufacturers
Implementing year-end tax planning strategies now can help reduce your manufacturing company's 2023 tax bill. Indeed, a lower tax bill can improve your cash flow and your bottom line. One of the most tried-and-true strategies…
Planning a Graceful (and Profitable) Exit from Your Business
At some point, every business owner leaves the company, either voluntarily through retirement or otherwise. Some businesses will outlive their founders. Others can't survive without the continued involvement of a key owner-employee. And a few…