Our Accounting Articles

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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Save This: All the 4th Quarter Tax Deadlines You Need to Know

As the final quarter of the year approaches, it’s time to turn our attention to those critical Q4 tax deadlines. Knowing these key dates is crucial whether you’re a small business owner or the person responsible for staying on top of an organization’s financial responsibilities. From tax filings to year-end planning, here’s the essential information you need to be ready for fourth quarter!

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Five Ways to Safeguard Your Business from Wire Transfer Fraud

Wire fraud is on the rise. In fact, businesses are losing billions to fraudulent wire transfers, and the problem is getting worse. As a business owner, safeguarding your company’s financial assets is crucial for maintaining a healthy bottom line. By familiarizing yourself with the most common signs of scams and implementing preventive measures, you can significantly reduce the risk of becoming a victim of fraud.

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Five Proactive Steps to Prepare Your Business for Tough Economic Times

In the ever-changing landscape of the global economy, businesses need to be prepared for any potential downturns, especially a recession. A recession is best defined as two successive quarters of negative GDP growth. Despite fears of a recession in 2023, the US economy continues to be healthy. But to safeguard your company’s sustainability and success, it’s crucial to be proactive about the potential slowing of sales and profits.

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Three Key Strategies for Mitigating the Risk of ERC Audits

The Employee Retention Credit has helped thousands of small businesses navigate the economic uncertainties created by the pandemic. However, a concerning trend has emerged alongside this valuable tax incentive – unscrupulous providers. Such providers and an increase in improper claims have led to increased scrutiny from the IRS, which could potentially lead to audits. Business owners must understand the risks involved and implement proactive measures to reduce the likelihood of an ERC audit.

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