Updated 12/30/2024 The U.S. Court of Appeals for the Fifth Circuit has reinstated a nationwide injunction that temporarily halts the enforcement of Beneficial O...
Should Your Nonprofit Use Quarterly or Monthly Financial Statements?
Dec 20, 2024The complex accounting demands of running a nonprofit organization can quickly outgrow the resources available to manage them. While many nonprofits have a need...
Take Your Business to the Next Level with Strategic Business Planning
Dec 11, 2024Strategic business planning can feel overwhelming at times. You know it’s essential, but figuring out where to start can be tricky, especially when daily resp...
Wrap Up Your Business Year with Big Tax Savings
Dec 09, 2024With year end rapidly approaching, many business owners are focusing on budgeting and strategic planning for 2025. But you shouldn’t overlook last-minute ...
Is a PTET Election Right for Your Construction Company?
Dec 05, 2024Businesses structured as partnerships, S corporations or limited liability companies generally aren’t subject to the federal corporate income tax. This is...
The IRS Issues Final Regs for the Advanced Manufacturing Production Credit
Dec 03, 2024The IRS has published final regulations for the Section 45X advanced manufacturing production credit. The final regs update several significant areas from the p...
Should Your Nonprofit Consider Using Fund Accounting?
Nov 25, 2024Depending on the nature of your not-for-profit organization, there’s more than one accounting method to follow. One option is fund accounting, which promo...
Refresher on First-Year Section 179 Depreciation Deductions
Nov 20, 2024Internal Revenue Code Section 179 potentially allows significant first-year depreciation deductions when your business places qualifying assets into service. Yo...
Company Holiday Parties: Celebrate the Tax Breaks
Nov 15, 2024Are the costs of holiday parties tax deductible? Despite a recent crackdown on business entertainment expense deductions, your company’s holiday bash may ...
7 Tax Breaks for Business Buildings
Nov 06, 2024Businesses are returning to their regular work premises in droves. About 65% of U.S. businesses expect to implement return-to-office policies by the end of 2024...