By Julie Smith and Ryan Conn In a recent meeting of the minds, we had an opportunity to reflect on a pivotal journey that both of us have lived and led. A journey that is prevalent in the public accounting profession today for leaders of hundreds (even thousands) of...
In today’s tough job market and economy, the Work Opportunity Tax Credit (WOTC) may help employers. Many business owners are hiring and should be aware that the WOTC is available to employers that hire workers from targeted groups who face significant barriers to...
The Inflation Reduction Act has been in the news a lot lately, but what does it actually mean for you individually and as a small business owner? Here is a breakdown of what you need to know. Nonbusiness Energy Property Credits You can get an annual credit of...
By Julie Smith and Will Hill This was the question we found ourselves discussing recently. It’s a challenging question that begins with…what do you think your firm culture is? Can you describe it? And, how do you actually know if you have a positive culture? According...
Now that Labor Day has passed, it’s a good time to think about making moves that may help lower your small business taxes for this year and next. The standard year-end approach of deferring income and accelerating deductions to minimize taxes will likely produce the...
Sometimes, bigger isn’t better: Your small- or medium-sized business may be eligible for some tax breaks that aren’t available to larger businesses. Here are some examples. 1. QBI deduction For 2018 through 2025, the qualified business income (QBI) deduction is...
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