General

Steps to Becoming Compliant: Sales and Use Tax

Steps to Becoming Compliant: Sales and Use Tax

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...

Retail Tips for a Successful Holiday Season

Retail Tips for a Successful Holiday Season

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...

Tips for Navigating and Surviving Financial Hardships

Tips for Navigating and Surviving Financial Hardships

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...

Tips for Acing the Inevitable IRS Federal Excise Tax (FET) Exam

Tips for Acing the Inevitable IRS Federal Excise Tax (FET) Exam

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...

Year-End Considerations for Manufacturers

Year-End Considerations for Manufacturers

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...

Biden-Harris Student Debt Relief Program

Biden-Harris Student Debt Relief Program

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...

Employee Benefit Plan Compliance Testing

Employee Benefit Plan Compliance Testing

It is the fiduciary duty of defined contribution plan sponsors to ensure the plan acts in the best interest of all participants, as opposed to favoring one group or individual. The Employee Retirement Income Security Act of 1974 (ERISA) requires that plans undergo...