9.19.24
IRS Issues Final Regulations on Inherited IRAs
The IRS has published new regulations relevant to taxpayers subject to the “10-year rule” for required minimum distributions (RMDs) from inherited IRAs or other defined…
9.18.24
Is Your CPA Firm a True Expert in the Construction Industry?
In today’s rapidly evolving construction landscape, contractors need far more than basic tax and accounting services. You need a trusted partner who not only understands…
9.13.24
Medicare Premiums May Lower Your Taxes
If you pay premiums for Medicare health insurance, you may be able to combine them with other qualifying expenses and claim them as an itemized…
9.13.24
Home Sale: Failure To Plan May Raise Your Tax Bill
As the saying goes, there’s nothing certain in life except for death and taxes. Roughly two-thirds of Americans say their federal income taxes are too…
9.13.24
Business Succession and Estate Planning Should Be Inseparable
As a business owner, your company is likely to be your most valuable asset. To ensure it survives after you’re gone, your estate plan must…
9.13.24
Are You Aware of the Business Credits Available?
It’s a challenging time for businesses. Therefore, any help you can get — such as tax credits, tax exemptions and other incentives – can make…
9.12.24
Shoring up Protections Against Expense Reimbursement Fraud
One of the types of occupational fraud schemes that became more costly for employers since the beginning of the COVID-19 pandemic in 2020 is expense…
9.12.24
Evaluating Your Manufacturing Company’s Multistate Tax Liability
When operating across state lines, it’s critical for manufacturers to understand their multistate tax liability. To determine state tax liability, state governments consider whether a…
9.12.24
How To Choose the Best Inventory Accounting Method for Your Manufacturing Company
Your choice of accounting method for determining the value of your manufacturing company’s inventory can significantly impact your overall tax bill. Here are answers to…
9.12.24
Cash Flow Management Fundamentals for Construction Businesses
Construction companies have always faced challenges when it comes to cash flow. The difficulty largely springs from the often-lengthy gaps between winning projects, doing the…