Our Accounting Articles
What You Need to Know About the Corporate Transparency Act
In a move to enhance corporate transparency and mitigate financial crimes, the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury, has implemented the Corporate Transparency Act, effective January 1, 2024. Understanding the implications of this new filing requirement is crucial to business owners and executives.
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Maximize Your Home Sale: A Comprehensive Guide to Capital Gains Taxes
Are you thinking of selling your primary residence? Before you take that leap, it’s essential to understand the ins and outs of potential capital gains tax to avoid any unwelcome surprises come tax season. Let’s delve into the basics and exceptions to ensure you’re well-informed about what’s ahead. You don’t want to incur a larger-than-necessary tax bill.
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Safeguarding Your Business:How to Safely Withdraw Your ERC Claim
In an effort to safeguard small businesses and organizations from unscrupulous scammers, the IRS has introduced a withdrawal process for those who have filed an Employee Retention Credit (ERC) claim and have concerns about its accuracy.
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Selling Your Business?Here’s Your Step-By-Step Guide to Success
So, you’ve decided to sell your business and start a new chapter in your life. Whether it’s for retirement or another well-thought-out reason, ensuring a seamless transition is crucial. To help you navigate this significant undertaking, we’ve put together a comprehensive checklist for selling a business.
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Unlocking Savings: Is Now the Best Time to Buy Business Essentials?
Running a successful business involves making wise financial decisions, including knowing when to make big-ticket purchases for your company. Whether you’re looking to upgrade your office furniture, invest in new technology, expand your vehicle fleet, or acquire real estate, timing is crucial for securing the best deals.
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Four Steps to Integrating Your Digital Assets into Estate Planning
Our digital presence has become integral to our daily lives – from emails to social media profiles, online banking to cryptocurrency investments. Incorporating that digital presence into your estate planning is essential for preserving your legacy, protecting your financial interests, and reducing potential burdens on your loved ones. By proactively addressing these assets in your estate plan, you can ensure a smoother transition of your digital life while maintaining control over what happens to your online presence and valuable digital resources after you’re gone.
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