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Struggling with tariff uncertainty and its impact on your business, finances, and taxes? Discover how our coaching group leverages the powerful Market Map tool to bring clarity and control to your...

The U.S. Treasury Department has announced that it will not enforce Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA) for U.S. businesses....

In the whirlwind of U.S. politics, the Republicans are using the budget process to get Trump's priorities, including tax, in place early.  With the House and the Senate each having passed their own...

The suspended Beneficial Ownership Information (BOI) reporting deadline under the Corporate Transparency Act (CTA) has been reinstated, requiring most companies to file by March 21, 2025. This...

This tax season may bring unprecedented challenges for taxpayers due to significant staffing reductions at the IRS. The agency recently announced it will dismiss 6,700 employees—roughly 6% of its...

When tax-related questions arise, many individuals and businesses wonder whether they should contact the IRS directly or seek assistance from an accountant. While the IRS provides official guidance...

Tax season is a busy time for everyone, including scammers. Fraudulent emails targeting businesses and individuals are becoming increasingly sophisticated, making it critical to stay vigilant. We...

This week, the IRS released Rev. Proc. 2025-10, which sets out criteria to get out of trouble when a business incorrectly classifies and employee as a contractor instead.  We are reminded of the...

With the 2024 election approaching, the tax policies proposed by Kamala Harris and Donald Trump highlight two very different visions for the U.S. economy. Here’s a breakdown of each candidate's tax...

If you or someone you know has been impacted by Hurricane Helene, we want to make sure you're aware of the financial relief options available. From tax breaks to federal assistance and deadline...

The Internal Revenue Service (IRS) has announced significant tax relief measures for taxpayers affected by Hurricane Debby and Hurricane Helene. This blog post summarizes the key details of these...

The U.S. Department of Labor is set to expand its enforcement team across the nation.Announced Thursday, February 24th, the U.S. Department of Labor revealed that it is looking to add 100...

Supersede (verb): to take the place of or replace. A do-over. The IRS suffers from its historic backlog of unprocessed filings and personnel shortages. But, this is not stopping them from placing...

“What's in a name?”As a business owner, new or otherwise, you know that choosing the right company name is a crucial (and sometimes nerve-racking) step toward establishing yourself. Along your...

A new year finds many of us with the motivation to take stock, buckle down, and make improvements in our lives. Getting your financial fitness in check this year should be at the top of your...

Updated for the tax year 2021.OverviewThe IRS has outlined important tax deadlines in this calendar. Dates and details are listed below for your convenience. Make sure you add pertinent dates to...

Let the treasure hunt begin. Yes, you could be owed money by the State or US Government and not know about it. Let’s find it!Money Owed to Me, How? Yes, unclaimed money or unclaimed funds are held...

It is always a good time to review and evaluate your retirement savings. The tax code provides significant incentives for contributions made to traditional and Roth IRA’s, as well as to employer...

No great business stands still for long. And if you do, you’re likely to end up on life support, coasting through and failing to grow or make profits.  Or even worse, experiencing disruption over a...

Will I Be Taxed On The Sale Of My Home? Tax Strategy No. 116: Exclusion of gain on sale of your home – full and prorated exclusion. Have you noticed the housing market boom? It is wild here in the...

New InitiativeOn July 28, 2021, the Small Business Administration decided to allow PPP borrowers with loans of $150,000 or less to apply for forgiveness online.Under this new initiative, the...

You probably know that you can get an income tax deduction for a gift to a charity if you itemize your deductions. But there is a lot more to charitable giving. We would like to take the...

METRONOMICS by Shannon Susko has arrived!Are you having FUN as a CEO? Are you happy to come to work and happy to leave at the end of the day? You don’t have to sacrifice the life you want to get...

June 4th Update:The House passed SB 116 by a vote of 71-36 today. The split was mostly along party lines; seven Democrats broke ranks and voted in favor. Debate on the bill was spirited and focused...

On Tuesday, May 25th, the Senate Finance Committee co-chairs unveiled a sweeping tax proposal. The 41-page amendment rewrites HB 334. There has not been a vote on the proposal yet.Instead of...

Senate leaders remain opposed to adopting the House version of the HB 334, but an alternative proposal is on the horizon. Following the tumultuous back and forth, here is the latest news about the...

Updated April 30th, 2021The North Carolina House of Representatives approved legislation that would align the state tax code with two recent federal tax changes.The House was expected to adopt HB...

The recent stimulus legislation included an important provision. This provision removes the 50% limit on deducting business meals provided by restaurants in 2021 and 2022. Which makes those meals...

Starting your own business is thrilling, not to mention liberating. You become your own boss, do what you love, and make money while doing it. Once you have your product or service solidified,...

Hiring the right talent is one of the most crucial elements of managing your business. When you want to grow and expand the skill set of your workforce, it’s vital that you hire the right people...

Thinking of taking the plunge into entrepreneurship? You’re not the only one. The Wall Street Journal reports the number of people starting their own businesses in the US surged to a 13-year high...