If you operate your small business as a sole proprietorship, you may have thought about forming a limited liability company (LLC) to protect your assets. Or maybe you’re launching a new business and want to know your options for setting it up. Here are the basics of...
Each year, the IRS provides new guidance for certain calculations on deductions, exemption, and credits based on inflation. Additionally, the IRS adjusted the penalty and interest rate for inflation taking effect 1/1/2023. Here are some highlights for what to...
Late December, the IRS postponed the $600 reporting requirement that was scheduled to take effect in 2023, flooding taxpayers with 1099-K forms…and potential confusion. What is it? As part of the American Rescue Plan Act, the reporting threshold was lowered from 200...
At Harper & Company CPAs Plus, we know that you want to be empowered to build your entrepreneurial dream. In order to do that you need a clear path to follow for success. Building a business is hard when you’ve never learned how to run a business. A lot of...
By Julie Smith, Practice Manager for Harper & Company CPAs Plus The talent shortage is the talk of the profession. And, it isn’t going away anytime soon. We needed a way to elevate our accountants to spend their time on higher value advisory conversations with...
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