Insights and Resources

Are pre-startup costs deductible before your business officially launches? This article examines the tax rules and a recent court case that clarifies the issue, offering insights on how to maximize deductions.

Explore how AI is transforming the world of accounting, enhancing efficiency and accuracy without replacing the human touch.

Are you an educator seeking ways to maximize your tax savings? Discover how classroom costs can equate to tax relief in our latest article, providing clear insights for educators to save money.

The Corporate Transparency Act of 2021 has introduced new Beneficial Ownership Information (BOI) reporting requirements for businesses in the U.S., aimed at enhancing financial transparency and combating illicit activities. This article provides an in-depth guide on navigating these new mandates, understanding the compliance steps, potential penalties, and who is subject to these requirements. Stay informed about these significant changes and how to ensure compliance for your business.

Struggling with uncollectible debts? This article explains how to manage bad debts, including how to report them, track allowances, and handle unexpected repayments—all while staying compliant with tax rules.

Want to make your real estate work harder for your financial goals? Explore cost segregation, a tax strategy that can accelerate depreciation deductions and increase short-term cash flow.

Prepare to step into a new era of accounting, driven by artificial intelligence. This article explores how AI is revolutionizing accounting processes, from automation to predictive analytics, and how it's shifting the landscape despite the challenges it presents. Stay ahead of the curve and learn why adopting AI is a necessity for survival in modern accounting.

This article breaks down the Corporate Transparency Act (CTA), a significant step towards improving business transparency and combating illicit activities. Learn about the new BOI reporting requirements, exemptions, and penalties that could impact your business. Stay ahead of the compliance curve by understanding these crucial changes.

Is your business grappling with increasing financial complexity due to growth? This article discusses how a Fractional CFO, serving on a part-time or project basis, can help navigate your business's financial intricacies effectively and affordably. Read on to understand when to consider hiring a Fractional CFO, their benefits, and how to make the most of their services.

Whether you're a dentist seeking to expand your career or an investor looking for a profitable venture, this article illuminates the benefits and complexities of acquiring a dental practice. From understanding buy-in and buy-out options, assessing financial readiness, to devising effective post-acquisition strategies, it provides a comprehensive guide to achieving long-term success. Learn how to navigate the acquisition process and leverage an existing setup for immediate growth and steady income.

Plan for your retirement while strategically reducing your tax obligations with the help of tax-deferred retirement plans. Discover the benefits of SEP-IRAs, SIMPLE IRAs, and Solo 401(k)s, as well as how timing and depreciation can affect your business income. Find out how to secure your financial future and maximize tax efficiency for your business.

The accounting profession is undergoing dramatic changes with a decline in interest and qualified professionals; "Revolutionizing Employee Retention in the Accounting Profession" delves into these challenges. The article emphasizes the importance of creating a conducive work environment, implementing a scalable talent model, and leveraging technology in training. It highlights the need for firms to adapt their strategies to meet the changing needs of their workforce.