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...
More InfoTime is Running Out to Take Your 2022 RMD
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...
More Info2022 Year-End Tax Planning Letters
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...
More InfoHow to Host Awesome Holiday Office Parties
Fall is here and so are many of the holidays we love. Whether it’s Halloween, Thanksgiving, or the December holidays, here are some fail-safe things you can do to make sure everyone shows up and has a good time. Throw a Potluck One of the...
More InfoIRS Plans On Targeting Abusive ERTC Claims
Have you seen those ads on television or received email solicitations promoting a large tax credit? The large tax credit they are referring to is the employee retention tax credit (ERTC). The ERTC is a government-sponsored program to keep workers...
More InfoShould You Upgrade Your Homeowners Insurance?
During the first year of the pandemic, many homeowners spent their downtime upgrading their homes. 2020 alone saw a three percent uptick in spending on home improvements – to the tune of nearly $420 billion nationwide. This included modifications...
More InfoInflation Reduces Income Tax
As the country emerges from the COVID pandemic and supply chain issues, along with the fallout from the war in Ukraine, the country has been experiencing high inflation rates that negatively impact the cost of everyday living, including food, gas...
More InfoIs This an Opportune Time to Convert Your Traditional IRA to a Roth IRA?
If your traditional IRA is invested in stocks and/or mutual funds, the recent substantial downward slide by the stock markets may provide a unique opportunity to convert your traditional IRA to a Roth IRA at a low cost, and then benefit when the...
More InfoUnderstanding Free Cash Flow
Understanding how cash flow is measured and analyzed is an important step for businesses. Business owners should constantly monitor and adjust their operations to increase the chances of becoming and staying cash flow positive. JP Morgan Chase...
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