You’re probably knowledgeable about the FICA tax, which was established by the Federal Insurance Contributions Act, and is paid by both employers and empl...
Are You Familiar With the FUTA Tax?
10 Ways Cloud Computing Can Benefit Manufacturers
Apr 10, 2024The quest for skilled laborers As the end of the first quarter of the 21st century nears, cloud computing has become an integral part of the modern-day manufact...
GAAP vs. Tax-Basis Accounting: What’s Right for Your Company?
Apr 10, 2024Does your business need to prepare financial statements that conform to U.S. Generally Accepted Accounting Principles (GAAP)? Or can you simply generate financi...
How Construction Businesses Can Better Manage Their Money
Apr 09, 2024For construction businesses, financial management is notoriously complex. Contractors have to deal with the ebbs and flows of their respective markets, project-...
6 Potential Tax Deductions for Nonprofits
Apr 09, 2024In general, organizations that qualify under Section 501(c)(3) of the tax code are exempt from paying federal income tax. However, some not-for-profits may seek...
Court Rules Corporate Reporting Law is Unconstitutional but Requirements Remain
Mar 27, 2024Under the Corporate Transparency Act (CTA), many businesses had to begin complying with new reporting requirements on January 1, 2024. But on March 1, 2024, the...
Installment Sales Can Be a Win-Win for Buyers and Sellers
Mar 25, 2024For federal income tax purposes, an installment sale is when at least one payment of proceeds from an eligible sale is deferred until after the end of the tax y...
Can Your Manufacturing Company Benefit From the Work Opportunity Tax Credit?
Mar 13, 2024The quest for skilled laborers in the manufacturing sector continues. Indeed, more than 600,000 manufacturing-related jobs remained open in December 2023, accor...
Help Staffers Boost Retirement Savings With a Roth 403(b) Plan
Mar 12, 2024For-profit businesses with 401(k) retirement plans can offer Roth 401(k) plans to their employees. Likewise, not-for-profits can add a Roth feature. Roth 403(b)...
What You’re Missing If You’re Not Getting Good Monthly Financials
Mar 12, 2024Many small and mid-size business owners think they are getting the monthly financials they need to make good decisions and maintain a source of transparency int...