Don’t Miss Out on Your Employer’s Flexible Spending Benefits

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Article Highlights: Health Flexible Spending Arrangement (FSA) Benefits of an FSA Qualifying for an FSA Contributions to an FSA Amount of Contribution Distributions From an FSA Qualified Care Expenses Qualified Medical…

Navigating the Tax Implications of Remote Work for SMBs: A Comprehensive Guide

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In the wake of the pandemic, remote work has become the new norm for many American workers. As businesses across a wide range of industries have shifted to a remote model, employees and employers alike have experienced numerous benefits such…

Are You Taking Advantage of Your Employer’s Fringe Benefits?

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Article Highlights: Qualified Transportation Fringe Benefits (QTFB) Group Term Life Insurance (GTLI) Accident and Health Benefits Flexible Spending Arrangement Exclusion for Qualified Employee Discounts Dependent Care Assistance…

Major Tax Sunset on the Horizon

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Article Highlights: Estate and Gift Tax Personal Exemptions Standard Deductions Home Mortgage Interest Deduction Limitation on Tax Deductions (SALT) Suspension of Tier 2 Miscellaneous Itemized Deductions Suspension of…

Financial Resolutions: A Guide to Kickstart Your Best Money Year Yet

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A guide to kickstart your best money year yet. This article will guide you through essential financial resolutions to set the tone for your best money year yet. As the calendar turns to a new year, many of us reflect on the past and set…

2024 Standard Mileage Rates Announced

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Article Highlights: Standard Mileage Rates for 2024 Business, Charitable, Medical and Moving Rates Important Considerations for 2024 Switching Between the Actual Expense and Standard Mileage Rate Methods Employer Reimbursements …

Saver’s Credit Can Help You Save for Retirement 

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Article Highlights: Benefits Eligible Taxpayers Rules for Students, Dependents of Others and Individuals Under the Age of 18 Due Date for Contributions Low- and moderate-income workers can take steps to save for retirement and…

Common IRS Audit Triggers for Small Businesses: How to Avoid Them

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As a small business owner, the word 'audit' can be a source of anxiety. However, understanding the common triggers for an IRS audit and taking proactive steps can significantly reduce the likelihood of facing one. This article explores the factors…

Great News for Employers Who Received Questionable Employee Retention Credits

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 Article Highlights: Combating Dubious Employee Retention Credit (ERC) Claims New Voluntary Disclosure Program Employer Benefits Applying for the New Voluntary Disclosure Program When the 80% is Due Installment Payment Plan …

8 Steps to Avoid Common Tax and Accounting Mistakes

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Successfully steering a small business involves adeptly managing its financial intricacies. Amid the myriad responsibilities, tax and accounting often prove to be a potential minefield for entrepreneurs, with common mistakes capable of significantly…