Maximize the QBI deduction before it’s gone
March 21, 2024
The qualified business income (QBI) deduction is scheduled to disappear after 2025. Congress could extend it, but don’t count on it. Here’s what you need to know to make the most of it while you can.
Cash vs. accrual accounting: What’s the difference?
March 8, 2024
Is your business using the optimal method of accounting? What’s right depends on your company’s size, level of sophistication and other key factors.
Employers now have guidance on emergency savings accounts
March 1, 2024
Employers: If you’re looking for an exciting new addition to your benefits package, consider offering “pension-linked” emergency savings accounts under your qualified retirement plan.
Tax-wise ways to take cash from your corporation while avoiding dividend treatment
February 27, 2024
As you may know, dividends paid out by a corporation are taxable to shareholders and can’t be deducted by the business. But there may be ways to get cash out of your closely held corporation without dividend treatment.
Why it’s important to get your company’s financials done on time
February 23, 2024
Timeliness counts in financial reporting. Here’s why it pays to issue your company’s financial statements on time.
Auditing revenue recognition
February 20, 2024
Many companies struggle to follow the accounting rules for revenue recognition, particularly if they work on long-term projects. An external audit can help you get it right.
