The Internal Revenue Service will raise the optional standard mileage rate for the final six months of 2022 to help offset the rise in gas…
Read MoreThe start of a new tax filing season often brings with it longer hold times with the IRS, as taxpayers and their tax preparers inundate…
Read MoreBusiness owners spend a lot of time and effort ensuring their operations run smoothly, from delivering quality goods and services to providing accurate financial statements…
Read MoreMany businesses develop a list of key performance indicators (KPIs) to track profitability and spot issues before they become full-blown problems. Monitoring KPIs is essential…
Read MoreNote: Congress is considering proposals that could expand the Work Opportunity Tax Credit for certain qualified groups. We will monitor this development and communicate updates…
Read MoreWhen the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2016-02 (ASC 842) several years ago, the deadlines for private and public businesses seemed to be far into the future. FASB delayed the reporting requirements for…
Read MoreThe IRS recently released the 2022 mileage rates for businesses to use as guidance when reimbursing workers for applicable miles driven within the year. The rates tend to increase every…
Read MoreManaging cash flow is essential to business management. Revenue can fluctuate, and expenses need to be paid on time to maintain a positive working relationship with vendors, utility…
Read MoreTax compliance is an essential aspect of any business, with sales and use tax making up a large portion of overall tax requirements. However, sales…
Read MoreThe $1 trillion Infrastructure Investment and Jobs Act (IIJA) received the U.S. House of Representatives’ approval Friday, November 5, 2021, to provide funding for improvements…
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