It seems business leaders aren’t worried about recession anymore. At least that’s what the annual World Economic Forum decided last week. Economic experts and business leaders are saying that we’re not likely to see a U.S. recession in 2024. The Federal Reserve might lower interest rates soon, and people are feeling more confident about spending money,… Read More

“Save more” is a new year goal a lot of people put on their list, but it’s proven to be a difficult one to reach the last few years. In your business, it’s likely some of your employees fall in this category — especially for those in lower income brackets. Thanks to the Secure Act… Read More

“The difference between tax avoidance and tax evasion is the thickness of a prison wall.” — Denis Healey I bring this quote up today to say, the IRS isn’t messing around lately. They’re cracking down on businesses playing fast and loose with their tax obligations. Now, most business owners and taxpayers are honest about their… Read More

Now that we’re a week into the new year, all of last year’s broken things in your biz have likely smacked you in the face a few times. Sadly, they didn’t magically get fixed while you were cleaning up wrapping paper and sneaking another sugar cookie. But it’s a new year, so why not make… Read More

There is one thing you should not procrastinate on this year is filing your Beneficial Ownership Information report (BOI). The filing started on January 2nd. And while you have until the end of 2024 for anyone who organized or incorporated before 2024 to get it finished, why wait? In the name of no more procrastinating, why not go… Read More

The start of the year is almost here, and with that comes a shifted mindset toward new beginnings. New year, fresh start. But, that doesn’t mean wiping the slate on everything in 2023, and that includes any tax debt you’ve piled up and haven’t dealt with. So if you really want to start off on… Read More

By the time you actually get to reading this, there is a very good chance that you’re reading a voice from the past. I make it a practice to prepare my clients and friends a few days in advance, and RIGHT NOW, it is still 2023. But 2024 is beckoning and is probably already here… Read More

In many ways, year-end couldn’t come at a worse time. As if December holiday crazy making wasn’t enough, as a business owner you’re also responsible for compiling an entire year’s worth of reporting data into comprehensible form for your accountant, with enough time to spare to make proactive decisions that will improve your tax standing… Read More

As a tax professional, I’ve seen it all when it comes to tax deductions – from the ordinary to the, well, let’s say ‘creatively ambitious’ when it comes to small business deductions — like claiming a pet as a ‘security expense’ or insisting that a daily cappuccino is essential to business survival. While these examples… Read More

Crazy to think there are only two more weeks until Christmas and only three more weeks left of 2023. There’s a lot of joy still to be had and opportunities for your business to increase revenue And, while the rest of us are checking off our holiday shopping lists, the IRS is continuing its aggressive focus on… Read More