There’s no better time than the holidays to show your employees and your clients how much you appreciate them. Here are five simple steps to help you craft the perfect email in no time. Decide on the Audience and Purpose Before you begin...
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Over the last decade, in particular, the definition of the term “career” has changed. Rather than being employed by a single entity for which you receive a W2 at the end of the year, many are now participating in the “gig economy” in a variety of...
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The Importance of Auditing Auditing typically refers to an objective review of a company’s financial statements, which consist of the cash flow statement, the income statement, and the balance sheet. Audits are evaluations that analyze the...
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Required Minimum Distributions (RMD) are required taxable distributions from qualified retirement plans and are commonly associated with traditional IRAs, but they also apply to 401(k)s and SEP IRAs. The tax code does not allow taxpayers to...
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The recent Hurricane Ian impacted much of the southeast United States. As a result, it is good to know the general tax rules related to disaster victims. Below, we look at several tax topics for disaster area victims. 1. Tax Returns and Filings...
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Deepfake technology utilizes machine learning and artificial intelligence (AI) to manipulate or create synthetic audio, video, and images that appear authentic. Deepfakes are commonly featured in entertainment and politics to spread false...
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Released once a month, every quarter, or once per year, an income statement reports revenue, expenses, and net earnings or losses of a company for a given period. A company’s net revenue is calculated by subtracting allowances for...
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Earnings is all about how much you keep after taxes – not what you bring in from your job, a business, or investments. While it is always great to see fabulous investment gains, the only financial metric that really matters is what is in your...
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Year-end tax planning is seldom a simple proposition. With this in mind, we have prepared a comprehensive 2022 Year-End Tax Planning Letter. For your convenience, there are two letters, one for individuals and one for businesses: Individual Tax...
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