As talk of a looming recession continues to dominate the daily headlines, restaurant owners should strongly consider the consequences of such an event and take a proactive approach to ensuring they are prepared to navigate through another challenge facing the...
The majority of U.S. states require businesses to collect and remit sales and use taxes, regardless of whether the business is physically located in the state or not. Tackling sales tax upfront is critical to reducing potential tax liabilities of the company and...
Side businesses have become increasingly popular among Americans over the last several years. With the ability to work remotely and the forced lockdowns caused by the COVID-19 pandemic, this trend has seen significant growth since 2020. For some individuals, this...
The Holiday shopping season is in full swing now that Black Friday and Cyber Monday have passed. Stores will welcome thousands of visitors, most of which will be there to legitimately shop. However, there will most likely be a few shady characters and potential...
The holidays are rapidly approaching, and the holiday season is big business for retailers! Americans spent over $886 billion during the 2021 holiday season according to the National Retail Federation (NRF) which is impressive considering that it occurred during a...
Economic conditions in the United States currently are confusing. Although there are currently some signs of a recession, there is still debate between organizations about whether the recession has officially hit or is still on its way. Supporting the argument of a...
As Federal Excise Tax (FET) continues to be a source of confusion, frustration, and complexity for heavy-duty truck and trailer dealers, the thought of an IRS exam only increases the level of anxiety that dealers already have. As such, dealers would be wise to review...
As we approach the end of another year, there are a few common topics that I always like to discuss with our manufacturing clients prior to year-end to ensure they are taking advantage of tax opportunities, maximizing profits, and realizing efficiencies within their...
On August 24, 2022, President Biden and the U. S. Department of Education announced a plan designed to help working and middle-class students with loan debt. The main provisions of this announcement are a final extension of the pause to student loan repayments through...
It is the employer's responsibility to ensure that tax-deferred contributions collected from employees' paychecks are transferred into the plan's trust account on time, whether it be a profit-sharing, 403(b), 401(k), or another defined contribution plan. It is the...