Marketing

3 ways businesses can get more bang for their marketing bucks

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January 17, 2025
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Most small to midsize businesses today operate in tough, competitive environments. That means it’s imperative to identify and reach the right customers and prospects. However, unlike large companies, your business probably doesn’t have a massive marketing department with seemingly limitless resources. You’ve got to pursue savvy campaigns while also controlling costs. Here are three fundamental […]
#BusinessGrowth, #MarketingStrategy, #MarketingTips, #MaximizeROI
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Retirement Planning

Do you have questions about taking IRA withdrawals? We’ve got answers 

white egg, in a nest, with "RMDs," written on it, symbolizing retirement savings, and Required Minimum Distributions.
January 15, 2025
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Once you reach age 73, tax law requires you to begin taking withdrawals — called Required Minimum Distributions (RMDs) — from your traditional IRA, SIMPLE IRA and SEP IRA. Since funds can’t stay in these accounts indefinitely, it’s important to understand the rules behind RMDs, which can be pretty complex. Below, we address some common […]
#IRAWithdrawals, #RetirementPlanning, #RMDRules
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Tax Planning

Small business strategy: A heavy vehicle plus a home office equals tax savings

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January 13, 2025
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New and used “heavy” SUVs, pickups and vans placed in service in 2025 are potentially eligible for big first-year depreciation write-offs. One requirement is you must use the vehicle more than 50% for business. If your business usage is between 51% and 99%, you may be able to deduct that percentage of the cost in […]
#FirstYearDeductions, #HeavyVehicleDepreciation, #HomeOfficeBenefits, #TaxStrategies #BusinessTaxSavings
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Tax Planning

Saving for college: Tax breaks and strategies your family should know 

Large, calculator, shaped, like, a, graduation, cap, with, the, word, "TAX," displayed, on, its, screen. A, man, in, a, suit, leans, against, the, calculator, holding, a, large, pencil. To, the, right, the, word, "savings," is, written, in, cursive. The, background, is, a, beige, color, with, small, white, clouds, scattered, throughout.
January 10, 2025
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As higher education costs continue to rise, you may be concerned about how to save and pay for college. Fortunately, several tools and strategies offered in the U.S. tax code may help ease the financial burden. Below is an overview of some of the most beneficial tax breaks and planning options for funding your child’s […]
#529Plan, #CollegePlanning, #CoverdellESA, #EducationSavings
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Tax Planning

How Section 1231 gains and losses affect business asset sales

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January 7, 2025
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When selling business assets, understanding the tax implications is crucial. One area to focus on is Section 1231 of the Internal Revenue Code, which governs the treatment of gains and losses from the sale or exchange of certain business property. Business gain and loss tax basics The federal income tax character of gains and losses […]
#BusinessTaxPlanning, #CapitalGainsTax, #Section1231
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General

Understanding the Work Opportunity Tax Credit

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December 30, 2024
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According to the U.S. Bureau of Labor Statistics, the unemployment rate continues to be historically low, ranging from 4.0% to 4.3% from May to November of 2024. With today’s hiring challenges, business owners should be aware that the Work Opportunity Tax Credit (WOTC) is available to employers that hire workers from targeted groups who face […]
#HiringIncentives, #WorkOpportunityTaxCredit #WOTC #HiringIncentives#WorkOpportunityTaxCredit, #WOTC
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Financial Planning

Companies can shine a light on financial uncertainty with flash reports

two, individuals, on, a, sailboat, with, a, green, sail, bearing, a, dollar, sign,. One, steers, while, the, other, uses, a, telescope, symbolizing, navigating, financial, challenges, The, wavy, sea, and, distant, lighthouse, represent, uncertainty, and, guidance.
December 27, 2024
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Managing the financial performance of your business may sometimes seem like steering a ship through treacherous waters. Perhaps your voyage goes smoothly for a while until, quite suddenly, you hit a concerning dip or abrupt swell — either of which creates considerable operational pressure. Your financial statements should provide keen insights into how your company […]
#BusinessPerformance, #FinancialInsights, #FlashReports
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