Act now to reduce your business’s 2022 tax bill
As 2022 winds down, now is the time for your business to take stock of its tax situation and implement year-end tax planning strategies.
5 steps to take now to cut your 2022 tax liability
Are you interested in reducing your 2022 tax liability? There’s still time to take these year-end tax planning steps.
Reinforce your cybersecurity defenses regularly
Hackers don’t give up, and neither should you. Identifying and preventing the latest threats to your business’s cybersecurity calls for constant vigilance.
Reviewing 10 tax accounting methods for construction companies
Construction companies can use various accounting methods for tax-reporting purposes. Here’s a handy review of 10 of the most widely used approaches.
Putting accountability into practice
Nonprofits that embrace accountability can generally expect improved collaboration and better outcomes. How can your organization put this abstract concept into practice?
The audit is over. Now what?
Audits are critical to reassuring financial supporters of your nonprofit’s fiscal responsibility. But the work doesn’t end when the auditor leaves. You need to review the audit report and possibly take action.
What do the 2023 cost-of-living adjustment numbers mean for you?
Don’t forget to factor 2023 cost-of-living adjustments into your year-end tax planning.
Boo! Consider a surprise audit to keep your accounting department on its toes
Routine financial statement audits are great for corporate governance. But could your organization also benefit from periodic “surprise” audits?
Manageable growth should be a strategic planning focus
If significant growth is part of your company’s strategic plan for the coming year, be careful. Growing a business too quickly can lead to serious financial problems.
Inflation Reduction Act expands deductions for energy-efficient construction
Can you benefit from the Inflation Reduction Act’s expansion of two tax incentives for energy-efficient construction of commercial and residential buildings? These are the Sec. 179D deduction and the Sec. 45L credit.
Ratio analysis: Extracting actionable data from your financials
Here are four categories of financial ratios that can help you make better, more-informed decisions about your company’s financial future.
Inflation Reduction Act expands valuable R&D payroll tax credit
The Inflation Reduction Act expands the R&D payroll tax credit for eligible small businesses for tax years beginning after Dec. 31, 2022. Learn more about what’s new and what requirements must be met to qualify.