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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Tax Planning

Savings bonds and taxes: What you need to know 

Series I, Series EE, Dollar bill.
December 26, 2024
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When considering the advantages of U.S. Treasury savings bonds, you may appreciate their relative safety, simplicity and government backing. However, like all interest-bearing investments, savings bonds come with tax implications that are important to understand. Deferred interest Series EE Bonds dated May 2005 and after earn a fixed rate of interest. Bonds purchased between May […]
#InvestmentTips, #SavingsBonds, #SeriesEEBonds
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General

The tax treatment of intangible assets

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December 16, 2024
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Intangible assets, such as patents, trademarks, copyrights and goodwill, play a crucial role in today’s businesses. The tax treatment of these assets can be complex, but businesses need to understand the issues involved. Here are some answers to frequently asked questions. What are intangible assets? The term “intangibles” covers many items. Determining whether an acquired […]
#Assets, #Compliance, #Intangible, tax
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Technology

Businesses need to stay on top of their BYOD policies

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December 12, 2024
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In one way or another, most small to midsize businesses have addressed employees using personal devices for work. In 2022, online career platform Zippia reported that 83% of companies surveyed had a bring your own device (BYOD) policy “of some kind.” That percentage has likely increased as even more businesses have recognized the inherent risks involved. […]
#BusinessSecurity, #BYOD, #TechPolicy
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Tax Planning

Drive down your business taxes with local transportation cost deductions

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December 9, 2024
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Understanding how to deduct transportation costs could significantly reduce the tax burden on your small business. You and your employees likely incur various local transportation expenses each year, and they have tax implications. Let’s start by defining “local transportation.” It refers to travel when you aren’t away from your tax home long enough to require […]
#businesstaxes, #cost, deductions
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