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2024 School Update: GASB 101
March 14th, 2024
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Audit
GASB Statement No. 101, Compensated Absences requires that liabilities for compensated absences be recognized for (1) leave that has not been used and (2) leave that has been used but […]
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Beware of a Stealth Tax on Social Security Benefits
March 14th, 2024
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Tax
Some people mistakenly believe that Social Security benefits are always free from federal income tax. Unfortunately, that’s often not the case. In fact, depending on how much overall income you […]
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Maximize the QBI Deduction Before It’s Gone
March 13th, 2024
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Business Tax Services |
Tax
The qualified business income (QBI) deduction is available to eligible businesses through 2025. After that, it’s scheduled to disappear. So if you’re eligible, you want to make the most of […]
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Unlocking Organizational Efficiency Through Strategic Process Mapping
March 12th, 2024
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By Bethany Verble |
Consulting
By: Bethany Verble, CPA, CFE, CBPA In today’s rapidly evolving business landscape, high-performing organizations constantly seek ways to enhance efficiency and adapt to new challenges. Process mapping emerges as a […]
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Better Tax Break When Applying the Research Credit Against Payroll Taxes
March 6th, 2024
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Tax |
Tax Credits
The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to certain eligible small businesses. Claiming the credit […]