by candy | Aug 26, 2024 | Featured, News Letter, Taxes
The QBI deduction allows eligible business owners to potentially deduct up to 20% of their qualified business income (QBI). This applies to income from sole proprietorships, single-member LLCs treated as sole proprietorships, partnerships, LLCs treated as...
by candy | Jul 15, 2024 | Featured, Taxes
The Tax Cuts and Jobs Act (TCJA), guidelines and tax expectations have become a little confusing lately. To assist small businesses save some money and avoid accidental penalties in the wake of our current loophole-filled tax law, here are some tax-saving tips to...
by candy | Jul 8, 2024 | Featured, Taxes
A recent report from Avalara suggests that businesses should anticipate an increase in sales tax audits in 2024 due to various changes happening at state and federal levels. These changes include advancements in technology such as artificial intelligence, which are...
by candy | Jun 17, 2024 | Shared, Taxes
In this podcast episode, Gene Marks delves into the challenges small businesses face in collecting accounts receivables and provides practical strategies to expedite the process. With the average timeframe for receivables ranging from 45 to 60 days, Gene shares five...
by candy | Jun 10, 2024 | News Letter, Shared, Taxes
As you encounter the world of tax filing, it’s crucial to understand the importance of submitting all your returns, even if you can’t pay your taxes in full right away. Whether you’re filing on time or catching up on past due returns, the process...
by candy | Jun 3, 2024 | Featured, Taxes
Introduction: Is your business taking advantage of every opportunity to optimize its tax position? If your building’s construction costs are being depreciated over 30 years, it might be time to explore the benefits of a cost segregation study. This strategic...