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Sustainability Attracts Talent

Embrace ethical values and show your social commitment. Take advantage of sustainability practices to be the employer Gen Z wants to join.

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Reducing Taxes by Using an S Corporation

Do you conduct your business as a sole proprietorship or as a wholly owned limited liability company (LLC)? If so, you’re subject to both income tax and self-employment tax. There may be a way to cut your tax bill by using an S corporation. For 2023, the SE tax is imposed at the painfully high Read more…

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Real-Time Financial Flash Reports

Timely financial reporting is key to making informed business decisions. Managers must know what’s in the pipeline to respond promptly and decisively. Unfortunately, preparing financial statements under U.S. Generally Accepted Accounting Principles (GAAP) typically takes several weeks. And many companies only produce GAAP financials at the end of the quarter or year. In the meantime, Read more…

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Business Travel Tax Deductions

If you and your employees are traveling for business this summer, there are a number of considerations to keep in mind. Under tax law, in order to claim deductions, you must meet certain requirements for out-of-town business travel within the United States. The rules apply if the business conducted reasonably requires an overnight stay. Note: Read more…

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CO and MN Take Action on Retail Delivery Fee – NY May Follow Suit

Colorado has amended last year’s Retail Delivery Fee law to exempt qualified small businesses and to streamline the administrative requirements for companies that are not exempt from remitting the delivery fee. In 2022, the state passed a mandatory 27-cent retail delivery fee, effective July 1, 2022, for any purchases of tangible personal property that are Read more…

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What Is a Carbon Footprint?

The term “carbon footprint” has been in the news, your online shopping shipping information, and even your company’s communications. From campaigns to using less plastic to eating less meat, it seems everyone is buzzing about ways to reduce their carbon footprint. What is a carbon footprint? Why is it important? This article will unpack the Read more…

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Risk Mitigation in Family Offices: Effective Strategies for Internal Control

Contrary to what you might imagine given the name, family offices are more subject to fraud and malfeasance than small- to medium-sized businesses. Why? Aren’t we all family? Don’t we treat everyone with care and respect? To paraphrase Willie Sutton: “Because that is where the opportunity is.” Most family offices have few employees. Their staff Read more…