Navigating IRS Balance-Due Notices

Navigating IRS Balance-Due Notices

During the pandemic, the IRS paused some of its collection and compliance notifications through the remainder of 2022. They specifically stated they would be holding balance-due reminders as the IRS needs time to get caught up on processing paper returns and...
Increase in Tax Collection and Audits

Increase in Tax Collection and Audits

The IRS and state governments are currently moving their attention toward tax collections and examinations. This means that there will be increasing compliance and enforcement effort made by tax authorities. Previously, we have seen many extensions and suspensions...
How to Have a Successful Business Presentation

How to Have a Successful Business Presentation

Like most people, there are a lot of aspects of your position that you probably love, but one area you may dread is giving presentations. Even if you are at the top of your organization, you can still struggle with public speaking anxiety. Maybe you don’t like being...
The Importance of a Buy-Sell Agreement

The Importance of a Buy-Sell Agreement

It is never too early to start succession planning for your business. If you currently have partners or are considering adding additional individuals to your ownership structure, then you should be considering a buy-sell agreement.  This document helps accomplish...
4 Industries Considered ‘Recession-Proof’

4 Industries Considered ‘Recession-Proof’

The last couple of months have brought warnings that a recession may be coming. Due to inflation, we have seen negative changes in the stock market and now companies are preparing for potential hiring freezes and layoffs.  Unfortunately, this change in the job...
Why You Might Want a DBA For Your Business

Why You Might Want a DBA For Your Business

As a business owner, there are a lot of important decisions you must make as you startyour company. One of these decisions includes if you want to file for a DBA, whichstands for “Doing Business As”.Essentially, a DBA is known as an alias, a trade, fictitious, or...
The Dangers of Bootstrapping

The Dangers of Bootstrapping

Many entrepreneurs dream of self-funding their business without having to use investors or bank loans. Entrepreneurs tend to buy into the allure that they should be the next bootstrapped billionaire, however, they don’t consider the potential financial risks. ...
Inflation and Sales Tax Relief

Inflation and Sales Tax Relief

In 2018, the Supreme Court ruled in South Dakota v. Wayfair that states can mandate remote sellers, or those without a physical presence in a state, to collect sales tax from their residents. After the Supreme Court’s decision, some states decided to pass new legal...
The Benefits of Virtual Cards

The Benefits of Virtual Cards

The Benefits of Virtual Cards Credit cards have evolved since their first appearance in 1960. Originally, inventors Forrest and Dorothea Parry came up with the idea of using a plastic card to store data through a magnetic strip.  However, the days of these...

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