Most business owners these days are finding they are being pulled in several different directions at once. Add in the financial constraints and worries with the current economic concerns and engaging a new professional seems overwhelming. However, Client Accounting and Advisory Services (CAAS) offer a solution, yet many business owners hesitate to make the leap. […]

developer August 14, 2025

The One Big Beautiful Bill Act (OBBBA) introduces three potentially valuable tax breaks for individual taxpayers that weren’t previously available. And you don’t have to itemize deductions to take advantage of them. Do you qualify? Read on and find out. 1. Deduction for Some Tip Income: The Basics Before the OBBBA, tip income was fully […]

developer August 19, 2025

Prudent businesses often choose to lease rather than buy equipment, vehicles and facilities. Leasing can be advantageous but the type of agreement you sign is important. When presented with lease options, you’ll find the ones with the longest terms are generally the cheapest. But you might want to opt for a short-term version instead. Why? […]

developer August 19, 2025

If your business is picking up steam, you may be looking to expand your workforce to meet the demand. Here’s a practical idea: Hire employees who qualify for the Work Opportunity Tax Credit (WOTC). The credit is available for workers who represent one of the “target” groups specified by law. There’s no limit on the […]

developer August 26, 2025

Location, location, location. You know how important it is for your company. That’s why when establishing a new location, whether because you’re launching a new business or expanding or relocating an existing one, you’ve got to research factors such as foot traffic, vehicle traffic and occupancy rates of the neighboring buildings. But if you don’t […]

developer August 26, 2025

Many owners of pass-through businesses and self-employed individuals have taken advantage of the Section 199A qualified business income (QBI) deduction. Created by the Tax Cuts and Jobs Act (TCJA), this break was scheduled to expire after 2025, making its future uncertain and hampering tax planning. The tax and spending legislation known as the One Big […]

developer August 26, 2025

Question: What is surprise balance billing? And what does our group health plan have to disclose about it? Answer: Balance billing occurs when a provider bills a covered individual for charges disallowed by the plan because the charges exceed the plan’s allowed amount. It occurs only with out-of-network providers since in-network providers have agreed to […]

developer September 2, 2025

The holiday season is right around the corner, and that’s when many charitably inclined people start to think about year-end donations to their favorite charities. When planning your charitable contributions, don’t forget about the potential tax breaks for your generosity. The tax rules for these breaks have changed somewhat under the One Big Beautiful Bill […]

developer September 9, 2025

If you’re building up a small business but haven’t yet needed to borrow funds to expand or smooth out cash flow irregularities, you’re doing something right. Or if you have borrowed and everything went smoothly, kudos again. Otherwise, keep in mind that anticipating the need for credit well in advance will put you in a […]

developer September 9, 2025

Public relations (PR) professionals sometimes get a bad rap. They’re “spin doctors” who help explain away the bad behavior of celebrities and the über wealthy, right? Not exactly. Having a trustworthy PR consultant on speed dial can help your business fine tune its marketing strategies, better communicate with staff and, well yes, be of critical […]

developer September 16, 2025

Qualified small business (QSB) stock has received very favorable federal income tax treatment for many years. Starting in 2025, the One Big Beautiful Bill Act (OBBBA) enhances the QSB rules even more. Here’s what you need to know to take advantage of this tax-saving opportunity. What’s Special About a QSB Corporation? QSB corporations are a […]

developer September 24, 2025

Many companies choose not to combine real estate and other assets into a single entity. Perhaps the business fears liability for injuries suffered on the property. Or legal liabilities encountered by the company could affect property ownership. But there are valid and potentially beneficial tax reasons for holding real estate in a separate entity as […]

developer September 24, 2025

Don’t wait till the last minute If you requested an extension to file your tax return after the April 15, 2025, due date, the extended deadline is Wednesday, Oct. 15. If you have the information you need, you may want to file now. There’s no advantage to waiting, and last-minute filing may lead to worry. […]

developer September 24, 2025