Resources For Employers

With 2025 in the rear view mirror and the tax filing deadline on the road ahead, it’s a good time for businesses to start gathering information about their deductible expenses for 2025. But what’s deductible (and what’s not) might not be as clear-cut as you think....

If your organization sponsors a qualified retirement plan for employees, you’re no doubt aware of the many compliance risks involved. But there’s one requirement in particular that many employers overlook: the written explanation — or “notice” — that...

Many businesses turn to independent contractors to help manage costs, especially during times of staffing shortages and inflation. If you’re among them, ensuring these workers are properly classified for federal tax purposes is crucial. Misclassifying employees as...

Do you operate a business as a partnership, a limited liability company (LLC) treated as a partnership for tax purposes or an S corporation? In tax lingo, these are called “pass-through” entities because their taxable income items, tax deductions and tax credits are...

The One Big Beautiful Bill Act (OBBBA) shifts the landscape for year-end tax planning. The law has significant implications for some of the most tried-and-true tax-reduction measures. It also creates new opportunities for businesses to reduce their 2025 tax liability...

Now is a good time to review your business’s expenses for deductibility. Accelerating deductible expenses into this year generally will reduce 2025 taxes and might even provide permanent tax savings. Also consider the impact of the One Big Beautiful Bill Act (OBBBA)....

A 401(k) plan is among the most valuable benefits an employer can offer — and one of the most tempting targets for criminals. With billions of dollars held in employee retirement accounts, fraudsters are constantly seeking ways to exploit plan sponsors, administrators...

The One Big Beautiful Bill Act (OBBBA) introduced or updated numerous business-related tax provisions. The changes that are likely to have a major impact on employers and payroll management companies include new information return and payroll tax reporting rules....

Does your business receive large amounts of cash or cash equivalents? If so, you’re generally required to report these transactions to the IRS — and not just on your tax return. Here are some answers to questions you may have. What are the requirements? Although many...

Among its numerous tax provisions, the One Big Beautiful Bill Act (OBBBA) reinstated immediate deductions for research and experimental (R&E) expenditures under Internal Revenue Code Section 174, beginning in 2025. The IRS has recently issued transitional guidance...

Running a successful business isn't just about generating sales. It's about making sure the money coming in and going out is understood, managed, and strategically directed. That’s where budget and cash flow planning come in. Together, these tools give business owners...

On July 4, President Trump signed into law the far-reaching legislation known as the One, Big, Beautiful Bill Act (OBBBA). While the OBBBA makes permanent numerous tax breaks, it also eliminates several others, including some that had been scheduled to resume after...

The One, Big, Beautiful Bill Act (OBBBA) includes numerous provisions affecting the tax liability of U.S. businesses. For many businesses, the favorable provisions outweigh the unfavorable, but both kinds are likely to impact your tax planning. Here are several...

A bill in Congress — dubbed The One, Big, Beautiful Bill — could significantly reshape several federal business tax breaks. While the proposed legislation is still under debate, it’s already sparking attention across business communities. Here’s a look at the current...

President Trump’s “Liberation Day” announcement of global tariffs caught businesses, as well as foreign countries and worldwide financial markets, off guard. While the president has long endorsed the imposition of tariffs, many businesses expected him to take a...

Entities created in the United States not required to file As promised, on March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) issued an interim final rule that officially removes the requirement for U.S. companies to file beneficial ownership...

Are you starting a business with partners and deciding on the right entity? An S corporation might be the best choice for your new venture. One benefit of an S corporation One major advantage of an S corporation over a partnership is that shareholders aren’t...

Deadline and enforcement suspended pending development of new regulations. There is yet another update regarding the continuing saga that is Beneficial Ownership Information (BOI) reporting. At the end of last week FinCEN announced they will extend the current March...