As a small business owner, bookkeeping may be one of your least favorite tasks but it’s certainly one of your most important. Without up-to-date books, you lack a clear picture of your company’s financial position. Most important business decisions are (or...
Congratulations! You’ve decided to start your own business. Now what? Unfortunately, starting a business is not as simple as choosing a name and selling your products or services. There are several steps you need to take – register your business with the...
Cash flow measures the net amount of cash and cash equivalents moving into or out of a business at any given time. Understanding your business’s cash flow situation is important to budgeting and making sound financial decisions. Cash flow is reported on the cash...
The 2023 mileage rates have been announced by the IRS… Standard business mileage increased to 65.5 cents per mile. Medical and moving mileage remain at 22 cents per mile. Charitable mileage stays at 14 cents per mile. Whether you track your mileage on paper or...
Have you been contacted by a third party and advised that your business is eligible for the Employee Retention Credit? If so, proceed with caution… Many businesses are being advised to claim the credit, but don’t actually qualify for it. Often, these third...
On August 16th, President Biden signed into law the Inflation Reduction Act (IRA). Among the many provisions within the IRA, the act establishes a new corporate minimum tax, an excise tax on corporate stock repurchases and an increase in research credit. The act also...
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