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How Inflation Will Affect Your 2024 and 2025 Tax Bills
December 5, 2024
Inflation has slowed down considerably in the last couple of years. What does this mean for your federal tax bill? Here are the inflation-adjusted amounts for several provisions in 2025, compared to 2024.
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Is Your HIPAA Compliance at Risk with Windows 10 Reaching End of Life?
December 3, 2024
Technology evolves quickly, and staying HIPAA compliant amidst these changes can be challenging. Microsoft has announced that Windows 10 will reach End of Life (EOL) on October 14, 2025. Once software becomes EOL, it no longer receives security updates, leaving it non-compliant with HIPAA regulations.
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Healthy Savings: How Tax-smart HSAs Can Benefit Your Small Business and Employees
December 3, 2024
Health Savings Accounts allow you and your employees to set aside money on a pre-tax basis to pay for qualified medical expenses. Here’s a look at what an HSA could mean for your business, as well as the inflation-adjusted amounts for 2024 and 2025.
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Should a Married Couple Use a Joint Trust or Separate Trusts?
November 27, 2024
For a married couple, are two revocable trusts better than a joint revocable trust?
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Many Companies Created or Registered to Do Business Before Jan. 1, 2024, Must File Their BOI Reports by Jan. 1, 2025.
November 26, 2024
New business BOI Reports are due by Jan. 1, 2025, have you filed yours?
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Federal Court Overturns Rule Increasing Salary Threshold for Overtime Exemption
November 22, 2024
A Texas federal court has invalidated a final rule that aimed to raise the minimum salary threshold for overtime exemptions. Here's more information.
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Business Owners: Be Sure You’re Properly Classifying Cash Flows
November 21, 2024
Business owners: Is there room for improvement in your statement of cash flows? There might be, specifically in how you classify different types of transactions.
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It’s Not Too Late to Trim Your 2024 Taxes
November 20, 2024
Implementing these year-end tax strategies may reduce your 2024 tax liabilities.
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Now What? Assessing the Likely Tax Impacts of the 2024 Election
November 19, 2024
How might President-Elect Trump’s policies affect your taxes going forward?
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From Flights to Meals: A Guide to Business Travel Tax Deductions
November 14, 2024
If you’re a small business owner, you want to take full advantage of the tax deductions allowed for business travel. They can reduce your taxable income. Safe travels and happy deducting!
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Intuit Has Increased Pricing of QuickBooks Online Subscriptions
November 13, 2024
Intuit implemented price changes for QuickBooks Online and Online Payroll as of September 1st, 2024. Here's a list of those recent price changes.
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How the U.S. Election Changes the Outlook for Taxes
November 12, 2024
The outcome of the 2024 Presidential Election is likely to impact taxes. Here's more information.
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