Boo! Consider a surprise audit to keep your accounting department on its toes

Routine financial statement audits are great for corporate governance. But could your organization also benefit from periodic “surprise” audits?

Ratio analysis: Extracting actionable data from your financials

Here are four categories of financial ratios that can help you make better, more-informed decisions about your company’s financial future.

Federal Tax News for Individuals

1. Contribute More to Your FSA in 2023 2. Possible Tax Legislation by Year End and Beyond 3. Do You Know What Your Filing Status Is? 4. RMDs: Important Considerations for Certain Taxpayers 5. Court: Charitable Donations Must Be Substantiated

The IRS Has Announced Various Tax Benefit Increases for 2023

The IRS recently announced the 2023 annual inflation adjustments for many tax provisions, including tax rates, the standard deduction, the alternative minimum tax exemption, the annual exclusion for gifts, the estate tax exclusion and more.

It’s Time for Businesses to Rethink Their Working Capital Practices

Today's market conditions have brought working capital management to the forefront. What's worked for your business in the past might not make sense in the current economy.

5 steps to take now to cut your 2022 tax liability

Are you interested in reducing your 2022 tax liability? There’s still time to take these year-end tax planning steps.

Act now to reduce your business’s 2022 tax bill

As 2022 winds down, now is the time for your business to take stock of its tax situation and implement year-end tax planning strategies.

Recession Realities Playbook

According to polls of CEOs, CFOs and business executives, there are three key pressures that are impacting business performance as we move into Q1 2023. Persistent high inflation Scarce and expensive talent Global supply constraints Source: Gartner While we may […]

What do the 2023 cost-of-living adjustment numbers mean for you?

The IRS recently issued its 2023 cost-of-living adjustments for more than 60 tax provisions. With inflation up significantly this year, many amounts increased considerably over 2022 amounts. As you implement 2022 year-end tax planning strategies, be sure to take these […]

Inflation Reduction Act expands deductions for energy-efficient construction

Can you benefit from the Inflation Reduction Act’s expansion of two tax incentives for energy-efficient construction of commercial and residential buildings? These are the Sec. 179D deduction and the Sec. 45L credit.

Inflation Reduction Act expands valuable R&D payroll tax credit

The Inflation Reduction Act expands the R&D payroll tax credit for eligible small businesses for tax years beginning after Dec. 31, 2022. Learn more about what’s new and what requirements must be met to qualify.

Federal Tax News for Businesses

Tax Credit Helps Employers Who Hire Certain Employees If your business is looking to hire, you should know about a valuable one-time tax credit. The Work Opportunity Tax Credit (WOTC), which is available through 2025, encourages employers to hire from […]