A number of states and individual taxpayers sought to challenge the constitutionality of a provision in the Affordable Care Act (ACA). In a 7-2 decision, the U....
Where Is My 2020 Tax Refund?
Jun 19, 2021Where’s my 2020 tax refund? If you are asking this question you are not alone. In May 2021, the Tax Advocate Service provided an update stating the IRS ha...
What to Do When Your Bank Wants Financial Statements
Jun 11, 2021If a bank, investor, buyer, bond agency, or other third-party asks for or demands your financials—and your CPA firm cannot provide them in a timely manner—y...
What Your Numbers Are Saying: Are You Listening?
Part 1: Do You Know Your Profitability?
Jun 09, 2021
When evaluating the financial health of your business, it’s important to look at a variety of indicators – but how can you be sure you have the right number...
Labor Shortage: Unlock Solutions by Evaluating Your Employment Value Proposition
Jun 09, 2021In normal market conditions, people who’ve been unemployed due to an economic slump are generally eager to take a job when the economy perks up. But times...
7 Valuable Deductions for Self-Employed Individuals
Jun 09, 2021If your business was forced to close due to the pandemic, you may be itching to get back in the game. Or maybe you’re looking to fulfill a lifelong dream ...
Does Your Business Need a CFO?
Jun 01, 2021Most business owners recognize a chief financial officer (CFO) as the financial steward of an organization who can free them up to focus on growth and other are...
5 Steps to Finding the Sweet Spot for Business Success
May 28, 2021Business owners almost always have a clear idea of what success will look like but converting a vision into reality and achieving a set of goals is a lot harder...
How to Approach Succession Planning
May 27, 2021Does your organization have a succession plan in place? And, if it does, is it well documented? Some not-for-profits delay detailed succession planning, thinkin...
Material Participation Standard is the Key to Unlocking LLC Tax Losses
May 27, 2021Many privately held businesses have incurred losses during the COVID-19 pandemic. Unfortunately, the federal income tax passive activity loss (PAL) rules can li...