The future of accounting: How to embrace cutting-edge technology
Artificial intelligence is a hot topic among business leaders. Should your company make a New Year’s resolution to evaluate AI’s potential to improve its financial reporting and planning?
Read More Tips for QuickBooks users: 5 mistakes to avoid during bank reconciliation
Reconciling bank and credit card accounts can be time-consuming and tedious. However, timely reconciliations are essential to accurate financial reporting and fraud prevention.
Read More 6 tips to improve job-costing systems
Is your company’s job-costing system accurate and user friendly? Tracking costs can help identify which projects and customers are the most (and least) profitable.
Read More Solid financial reporting can help attract debt and equity financing
Access to capital is a major concern for business owners today. Timely, reliable financial statements are key to opening the door to the debt and equity funds.
Read More Best practices for M&A due diligence
Are you contemplating a merger or acquisition in 2024? Comprehensive financial due diligence is the cornerstone of a successful deal.
Read More Auditing concepts: Close-up on materiality
What’s materiality? This is an important accounting concept to review before audit fieldwork starts for your 2023 year-end financials.
Read More Independent contractor vs. employee status: The DOL issues new final rule
The deadline to comply with a new U.S. Dept. of Labor rule regarding worker classification is fast approaching. Is your company ready?
Read More Federal Tax News for Individuals
1. Working from a home office?
2. Deduction vs. credit?
3. It pays to be energy efficient
4. What exactly is gross income?
5. Data security at the IRS
Read More Tax Breaks for Employer-Paid Education Expenses
Are your employees interested in pursuing work-related education or even an advanced degree? Businesses that invest in their employees' education can upskill their current workforce, boost morale and build loyalty among workers. Plus, it can be a tax-smart move. Here's an overview of the two primary options for offering it as a fringe benefit or setting up an educational assistance program.
Read More 2024 Tax Calendar
Reference this tax calendar to learn the 2024 deadlines for various tax-related forms and payments.
Read More Important Tax Figures for 2024
The following chart provides some important federal tax information for 2024, as compared with 2023. Social Security/ Medicare 20242023 Social Security Tax Wage Base $168,600$160,200 Medicare Tax Wage Base No limitNo limit Employee portion of Social Security 6.2%6.2% Employee portion […]
Read More The IRS unveils ERTC relief program for employers
The IRS’s new Voluntary Disclosure Program may provide employers relief from penalties related to ineligible Employee Retention Tax Credit claims.
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