Business assets for an office are expensive to buy, maintain, and replace, such as computers and copy machines. Their costs can be depreciated over several years. What options are available for depreciating these costs?
As a business owner, a critical and ongoing predicament you face is whether you should onboard freelancers or hire employees. Learn how to make informed staffing decisions for your company and avoid potential tax implications.
Disasters can have an immediate and lasting impact on individuals, organizations, and businesses. Year-round preparation is critically important. The IRS offers tips for protecting personal and business information in an emergency.
Your business is generating money, but you are struggling with tracking expenses, paying bills, and accounting tasks. We can help transform your accounting by streamlining processes and providing education about the best software for your business.
Would you like to reward your employees with a year-end bonus and deduct the bonuses on your company’s 2023 tax returns?
Obtaining an Employer Identification Number (EIN) is essential for sole proprietorships, corporations, partnerships, and limited liability companies. In some cases, there may be reasons for obtaining a new EIN for your business.
If you are running a company, you may be experiencing a lot of uneasiness. What are the thoughts or issues chief financial officers (CFOs) are facing today?
There comes a time when a business owner must decide the future of their business. Choices include selling the business, transitioning to a successor, filing for bankruptcy, or closing.
Everyone has heard of the FDIC, which was created in the 1930s to guard our money in the event of bank failures. Why is it still an essential pillar of today’s financial industry?
Effective January 1, 2023, Arizona’s minimum wage increased from $12.80 to $13.85. According to the Industrial Commission of Arizona, the $1.05 increase in minimum wage is based on the increase in inflation between August 2021 and August 2022, as published in the U.S. Bureau of Labor Statistics’ Consumer Price Index.
It seems contrary to long-standing policy, but in a recent ruling, the Supreme Court decided that in certain situations, highly compensated employees (HCEs) can earn overtime pay.
Companies with remote and in-person employees should create a plan to measure achievements in all situations.