The U.S. government has passed legislation that now affects millions of businesses nationwide. If you own a small company, you need to know all about it since failure to comply can result in significant fines and penalties including imprisonment. Effective January 1...
Small Business
New Lease Accounting Standards (And How They Can Impact Your Business)
Many businesses are involved with some type of leasing or rent-to-own transactions. Some lease property while others lease equipment to run their operations. Others are the ones leasing those things out to others as a source of revenue. New lease accounting...
What Is Interest Rate Capping? (And How It Can Help Your Business)
It is no secret that interest rates are rising. Just look at the total on any receipt you’ve gotten recently. The cost of everything has gone up, especially the cost of borrowing money. If you want to take out a loan to expand your business (or just keep the doors...
Tax Return Delays Explained (5 Reasons You Might Be Having To Wait)
Dealing with tax return delays in 2023 feels like making a phone call, being put on neverending hold, and completely forgotten about. Soothing automated voice: “Your tax return is very important to us. Please continue to hold for the next available IRS agent.” [insert...
10 Common Small Business Tax Return Questions (With Solid Answers You Need To Succeed)
Tax return questions from small business owners are one of the most common things CPAs get asked about. According to a recent tax literacy survey done by the American University in Washington D.C., “37 percent of the small businesses and the gig workers surveyed...