Choosing the right sales compensation model for your business A strong sales team is the driving force of most small to midsize businesses. Strong revenue streams are hard to come by without skilled and engaged salespeople. But what motivates… Read More
Blog
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The 2024 gift tax return deadline is coming up soon
The 2024 gift tax return deadline is coming up soon If you made significant gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2024 gift tax return. And in some… Read More
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Ways to manage the limit on the business interest expense deduction
Ways to manage the limit on the business interest expense deduction Prior to the enactment of the Tax Cuts and Jobs Act (TCJA), businesses were able to claim a tax deduction for most business-related interest expense. The TCJA created Section… Read More
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What your nonprofit should know about credit loss reporting rules
The Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) No. 2016-13 seems like it would be old news. But the provision for accounting for current expected credit loss (CECL) went into effect for not-for-profits in calendar years ending in 2023… Read More
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Can I itemize deductions on my tax return?
Can I itemize deductions on my tax return? You may wonder if you can claim itemized deductions on your tax return. Perhaps you made charitable contributions and were told in the past they couldn’t be claimed because you didn’t have… Read More
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How a business owner’s home office can result in tax deductions
How a business owner’s home office can result in tax deductions As a business owner, you may be eligible to claim home office tax deductions that will reduce your taxable income. However, it’s crucial to understand the IRS rules to… Read More
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Put your nonprofit’s cybersecurity system to the “pen” test
Put your nonprofit’s cybersecurity system to the “pen” test At least 68% of not-for-profits experienced one or more data breaches between 2021 and 2023, according to the CyberPeace Institute. Already in 2025, several nonprofits, including health care, social service and religious… Read More
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Are your employees suffering from retirement plan leakage?
Are your employees suffering from retirement plan leakage? Today’s small to midsize businesses are often urged to help employees improve their financial wellness. And for good reason: Financially struggling workers tend to have higher stress and anxiety levels. They may… Read More
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You may be able to make a deductible IRA contribution for last year this year
You may be able to make a deductible IRA contribution for last year this year If you’re getting ready to file your 2024 tax return and your tax bill is higher than you’d like, there may still be a chance… Read More
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Questions about taxes and tips? Here are some answers for employers
Businesses in certain industries employ service workers who receive tips as a large part of their compensation. These businesses include restaurants, hotels and salons. Compliance with federal and state tax regulations is vital if your business has employees who receive… Read More