Get Ready for the 2023 Gift Tax Return Deadline
Did you make large gifts to your children, grandchildren or others last year? If so, it’s important to determine if you’re required to file a 2023 gift tax return. In some cases, it might be [...]
What’s the Best Accounting Method Route for Business Tax Purposes?
Businesses basically have two accounting methods to figure their taxable income: cash and accrual. Many businesses have a choice of which method to use for tax purposes. The cash method often provides significant tax benefits [...]
Advisory Spotlight: Benefits of Using ChatGPT
 In today's fast-changing digital world, new technologies like ChatGPT are changing how we do things, making tasks easier and faster. ChatGPT saves time and can be used in many different ways, helping us be [...]
Filing Jointly or Separately as a Married Couple: What’s the Difference?
When you file your tax return, a tax filing status must be chosen. This status is used to determine your standard deduction, tax rates, eligibility for certain tax breaks and your correct tax. The five [...]
9 Tax Considerations if You’re Starting a Business as a Sole Proprietor
When launching a small business, many entrepreneurs start out as sole proprietors. If you’re launching a venture as a sole proprietorship, you need to understand the tax issues involved. Here are nine considerations: 1. You [...]
Tech Tuesday: Secure Your Data in a Remote Work Environment
As businesses transition to remote or hybrid work models, securing sensitive information becomes a paramount concern. The nature of remote work, often conducted over home Wi-Fi networks or in public spaces, introduces vulnerabilities that cybercriminals [...]
Tax Relief for American Families and Workers Act of 2024
The House of Representatives recently passed House Bill 7024, known as the Tax Relief for American Families and Workers Act of 2024, with significant bipartisan support. This landmark legislation aims to realign America’s tax code [...]
If You Gave to Charity in 2023, Check to See That You Have Substantiation
Did you donate to charity last year? Acknowledgment letters from the charities you gave to may have already shown up in your mailbox. But if you don’t receive such a letter, can you still claim [...]
3 Common Forms of Insurance Fraud (and How Businesses Can Fight Back)
Businesses of all shapes and sizes are well-advised to buy various forms of insurance to manage operational risks. But insurance itself is far from risk-free. You might overpay for a policy that you don’t really [...]
Office 365 Tips and Tricks to Elevate Your Communication and Efficiency
In today's fast-paced business environment, Office 365 stands out as a cornerstone for communication and efficiency. Beyond its well-known features, there are numerous hidden gems within Office 365 that can significantly enhance your productivity. This [...]