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When To Outsource Your Accounting

When To Outsource Your Accounting

Thanks to the cloud and automation, outsourcing has never been a more viable option than it is today. Quite often, outsourcing can be more efficient and less expensive than hiring dedicated staff. In this video, we'll cover the benefits of outsourcing your accounting.
Five Steps to Recognizing Revenue in Financials

Five Steps to Recognizing Revenue in Financials

The FASB and IASB have provided standards for properly recognizing revenue in your financials. Using a five step process, companies recognize revenue based on the value and timing of when control of the goods and services are transferred to the customer. Learn about the standards and how to properly recognize revenue for your company.
What Is an S-Corp Election?

What Is an S-Corp Election?

Business owners often struggle with determining the optimal legal structure and tax treatment for their business. This video will explain an S-Corp tax election and how it may benefit you and your business.
Employee or Independent Contractor?

Employee or Independent Contractor?

It's important to correctly classify your workers as either employees or independent contractors. Incorrectly classifying workers can have serious legal and financial consequences. Learn about factors to consider when classifying your workers.
IRS issues inflation adjustments to tax rates and limitations for 2023

IRS issues inflation adjustments to tax rates and limitations for 2023

The Internal Revenue Service announced that it will be making adjustments for inflation to several key tax provisions for 2023. Learn about the adjustments and how they may affect your taxes next year.
Expect More IRS Audits

Expect More IRS Audits

The Inflation Reduction Act allocated $80 billion to the IRS for hiring additional personnel and improving processes and technology. Learn how this might affect future audit activity and how much time the IRS has to audit you.
How the Student Loan Debt Relief Plan works

How the Student Loan Debt Relief Plan works

President Biden announced a plan to extend the pause on student loan repayments and offer student loan forgiveness to millions of borrowers. Under the Student Loan Debt Relief Plan, eligible borrowers will have up to $20,000 of their student loans forgiven. Watch this video to learn more about the program.
9 ways to finance an acquisition

9 ways to finance an acquisition

Acquiring another company can be an effective way to grow your business, but transactions typically require capital.  Not only may funds be needed for the initial purchase but also for the integration of the businesses, equipment upgrades, personnel changes, relocations, and new sales and marketing initiatives.  In this article, we will discuss nine different types of acquisition financing you should consider. 
The Clean Vehicle Tax Credit Program

The Clean Vehicle Tax Credit Program

The Inflation Reduction Act includes the Clean Vehicle Tax Credit program which provides tax credits for purchasing electric vehicles. Learn about the tax credits and limits on qualifications.
Tax-loss harvesting: capital gains and losses

Tax-loss harvesting: capital gains and losses

Tax-loss harvesting is a strategy that enables a taxpayer to reduce taxes by using losses to offset gains or income. While taxpayers often wait until the end of the year to assess gains and losses, the opportunity for tax-loss harvesting can happen at any time throughout the year.
Research and Development Tax Credits

Research and Development Tax Credits

While most companies expense the cost of research and development activities, most fail to take advantage of the R&D tax credit. Learn how the tax credit works and what expenses qualify for it.
Overview and Benefits of a Stock Option Plan

Overview and Benefits of a Stock Option Plan

A stock option plan can be used to align the interests of employees and shareholders, and attract and retain talented workers. This video will cover the basics of a stock option plan and how your company may benefit from having one.
Tax advantages of qualified charitable distributions

Tax advantages of qualified charitable distributions

Learn how qualified charitable distributions from your IRA can help save in taxes while benefiting a worthy cause.
Help your child grow their summer earnings by using a Roth IRA

Help your child grow their summer earnings by using a Roth IRA

As your child begins to earn money from a summer job, it's a great time to teach them about saving for the future. A Roth IRA enables young adults to save and grow their hard-earned money for the future.
Summer jobs: tax considerations for parents and their children

Summer jobs: tax considerations for parents and their children

For many teenagers, summer often means a time for family barbecues, swimming in the pool, and working a summer job. For many parents, this means dealing with the tax implications of their child’s income. In this article, we'll provide an overview of what tax filings may be required for your working teenager.  
Preparing Your Business for a Recession

Preparing Your Business for a Recession

A recession can be challenging for any business. However, business owners can take steps to prepare for a recession and position their companies for growth as the economy recovers. In this video, we'll provide six tips to help you and your business prepare for a recession.