The Voluntary Disclosure Program (VDP) launched on December 21st last year was suspended on March 22nd, just three months after its inception.
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Do You Need More Time? Here’s How To Get A Federal Tax Filing Extension In 2024
The federal tax filing deadline for 2024 is April 15th, there are several options available if you need more time and want to file for an extension on your tax filing.
Why Payroll Management is Important for Your Small Business
In this article, we will discuss the challenges of managing business payroll and the risks of attempting to handle it independently. Mistakes can be costly. They could subject you to IRS penalties or even legal actions against your company.
Bookkeeping Versus Accounting: What’s the Difference?
As an accounting firm, we often field calls from prospective clients searching for bookkeeping services. Our team understands why these two financial disciplines are lumped together, but bookkeepers and accountants have different responsibilities. Understanding what those are can help you make better financial decisions for your company.
2023 Marginal Rates: How the United States Progressive Tax System Works
Many people know that we pay more in taxes when our income is higher, but that’s only half the truth. Yes, we do pay more, but not on all our income. We’ll explain that in more detail in this article.
Beneficial Ownership Reporting and Other New Requirements for Small Businesses in 2024
There are a lot of changes for 2024.
Beginning this year, small businesses that meet certain criteria need to file a “Beneficial Ownership Information (BOI) Report along with others rules that are now in affect.
