The Controversial 501(c)(4) Strategy for Billionaires

The Controversial 501(c)(4) Strategy for Billionaires

There is a new powerful tool that billionaires can use to give their fortune away and it is called a 501(c)(4). Unlike 501(c)(3), contributions to 501(c)(4) groups are not tax deductible, however, they are not taxed either. This means that billionaires can take...
Helpful Tax Strategies for the New Year

Helpful Tax Strategies for the New Year

Are you interested in learning about year-end tax strategies so that you can minimize your tax burden? Although we are early in the year, it’s never too soon to think about options you have to reduce your tax due. But be sure to take action no later than December 31st...
Workflow Issues and Solutions

Workflow Issues and Solutions

There are times businesses take workflows for granted, but it’s important to understand that workflows are not static and what works for one organization may not work for you. Additionally, if you use an application or a system as a tool for your business, these...
2022 FUTA Credit Reduction

2022 FUTA Credit Reduction

Are you an employer that noticed a higher federal unemployment tax payment (known as FUTA) in January 2023 for your 2022 payroll taxes? Do you wonder why you had to make this payment (especially if you had paid your FUTA in full in prior quarters?) This additional tax...
How COVID has Impacted the Audit Process

How COVID has Impacted the Audit Process

The pandemic has impacted how many individuals conduct their business. For example, remote work has continued to be popular among companies and will most likely continue long-term due to COVID-19.  Similarly, it has been found that the pandemic has also affected...

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