In the wake of the pandemic, remote work has become the new norm for many American workers. As businesses across a wide range of industries have shifted to a remote model, employees and employers alike have experienced numerous benefits such as reduced overhead costs, increased...
One fundamental financial practice that often gets overlooked, yet holds immense importance, is the separation of personal and business finances. By maintaining distinct bank accounts and credit cards for business transactions, small business owners can streamline bookkeeping processes, ensure accurate expense tracking, and foster clarity...
Whether you just started using QuickBooks to manage your small business in 2024 or you have been muddling along for years with unanswered questions, diving into financial software can feel like swimming through uncharted territory. Your business's financial health depends on accurate bookkeeping and seamless...
If you would like to donate artwork to an eligible charitable organization, you might be able to take a deduction on your tax return. However, the rules are complex. There are different requirements for different values, and there are scams you want to avoid that...
The U.S. Treasury recently enacted a new reporting requirement aimed at quashing illicit financial transactions. The agency believes that corporate anonymity is enabling money laundering, terrorism and drug trafficking. As part of the 2021 Corporate Transparency Act (CTA), certain companies are now required to report...
Here is what the firm has been up to since our last newsletter. [themify_col grid="2-1 first"] Promotions and New Hires: Jocelyn Strong joined the team as Senior Audit Associate on June 5. Cristina Scamardella joined the team as an Administrative Associate on August 7. Shane Morris joined...
Here is what the firm has been up to since our last newsletter. [themify_col grid="2-1 first"] Promotions and New Hires: Jessica Dugan joined the team as a Senior Audit Associate on May 1st. Will DeAndrade and Beth Ann Quinn joined the team as interns on May 15th. ...
Estate and inheritance (“death”) taxes are levied on the transfer of property at death. The difference between an estate tax and an inheritance tax is based on who pays the bill. An estate tax is levied on the estate of the deceased, while an inheritance...
The tax code provides two tax advantageous plans for taxpayers to pay medical expenses. One is a Flexible Spending Account (FSA) and the other is a Health Savings Account (HSA). The two are often misunderstood and their provisions are frequently mixed up by taxpayers who...
Tax time is all year long! There's always a lot you can do to help lower your taxes, save money and avoid penalties. Read on for six ways to save. — Contribute to Your Retirement Accounts Yes, doing this will help lower your tax bill. So, if...
