IRS Highlights New Warning Signs for Businesses Regarding the Employee Retention Credit
Business, EmployeesIn the wake of the COVID-19 pandemic, the Employee Retention Credit (ERC) emerged as a vital financial lifeline for businesses. However, as the IRS intensifies its scrutiny of ERC claims, it has unveiled five new warning signs that businesses…
Smarter Headcount Management with AI
Business, Business Development, TechnologyIn the face of slowing economic times and rising labor costs, small and medium-sized businesses (SMBs) must find innovative ways to maintain profitability across all industries. One way to increase productivity and streamline day-to-day operations…
E-File Mandate - Reporting of Cash Payments Over $10,000
2024 Taxes, Business, Tax News, Tax Planning, TaxesArticle Highlights:
Reason for Form 8300
E-File Mandate
Waiver
Exemptions
Late Returns
Late Filing Penalties
Record Keeping
E-File
Starting Jan. 1, 2024, businesses are required to electronically file (e-file) Form…
The Hidden Costs of Sloppy Bookkeeping
Accounting, BusinessA recent Stanford study reviewed the aftermath of the Enron collapse and the repercussions to Enron's accounting firm's former clients. The primary trend they identified was when former clients issued accounting restatements or revisions because…
Business Growth: How to Plan for (and Make the Most of) This Critical Stage
Business, Business Development, Growth, UncategorizedWhile it's true that every business is different from the next - and every entrepreneur will go on his or her own unique journey - there are still a few constants that we know to be true.
The start-up phase, for example, is when you write…
Has Technology Disrupted Your Business Model? Here's What to Do Next
Business, Business DevelopmentThink for a moment about the many ways that the world has changed since Steve Jobs first introduced the iPhone to the world in 2007.
Overnight, entire industries were upended. Nobody needed a standalone camera because they were suddenly carrying…
What You Can Learn About Running a Business From Henry Ford
Business, Business DevelopmentIf you had to make a list of people who changed the world essentially just by existing, Henry Ford's name would likely be on it.
Most people know him from history as the founder of the (appropriately named) Ford Motor Company. Here, he developed…
Steps Your Business Can Take to Survive a Recession
Business, Business Development, Recession TipsAccording to one recent study, there is a 96% chance that the United States will experience some form of economic recession within the next 12 months. If you needed a single statistic to underline the importance of planning ahead when it comes…
Managing Gains and Losses in a Turbulent Year
Business, Debt, Finance TipsArticle Highlights:
Rough Year for the Stock Market
Year End Approaching
Annual Capital Losses Are Limited
Be Aware of Wash Sale Rules
Off-Set Short-Term Gains with Long-Term Capital Losses
Planning for Zero Tax on Long-Term…
Four Popular Platforms for Finding Gig Work
Business, Finance Tips, Jobs, Self-EmploymentThere was once a time when the only people who used the word “gig” were musicians chatting about a booking. Today, virtually every newspaper and magazine features the booming gig economy — or how to make the most of it — on a regular…