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1099 Reporting

Posted November 20, 2024

The Internal Revenue Service requires businesses to submit informational returns when certain payments (or withholding) are made during the year. The following is a summary of filing requirements for some of the different 1099 forms, the due dates, and possible penalties for incorrect filing. Employee v. contractor: Which is right (and legal) for your […]

AI in Real Estate

Industry Industry Articles Real Estate

Posted November 19, 2024

How AI is Enhancing the Back Office Artificial intelligence (AI) is fast evolving from an experimental, emerging technology to a critical tool for real estate firms. In 2023, a survey of 750 real estate CFOs reported: 97% of real estate firms were actively interested in AI 14% were already using AI 28% were in early-stage […]

2024 Tax Updates & Planning for Cross-Border Businesses and Global Families

Advisory Year End Planning

Posted November 14, 2024

As we approach the close of 2024, here are some timely updates and planning opportunities for cross-border businesses, their owners, and families with global ties. Updates and planning for businesses: Beneficial Ownership Information (BOI) Existing businesses have until January 1, 2025, to file their initial BOI reports. This is not part of a tax […]

Year-End Updates and Planning Considerations for Business Owners

Tax Tips Year End Planning

Posted November 13, 2024

With 2025 fast approaching, businesses must brace for critical tax changes and new filings. Several provisions from the Tax Cuts and Jobs Act (TCJA) will expire, impacting planning for estate taxes, depreciation, deductions, and tax credits. To help business owners prepare for these changes and capitalize on current opportunities, strategic tax planning is essential. […]

The Connelly Case: How Life Insurance Policies Impact Your Estate’s Value

Advisory Legislation

Posted November 13, 2024

Written by: Matt Roetcisoender, CPA, CVA When it comes to estate planning, many business owners carefully set up strategies to protect their wealth and minimize taxes. Recently, however, the Connelly v. United States case brought a new consideration to light: A corporation that owns a life insurance policy on a shareholder may significantly increase […]

Guide to Selling Your Technology Business

Industry

Posted October 24, 2024

Selling a technology company can be a complex and time-consuming process that requires careful planning, preparation and execution. In today’s market, you’re dealing with sophisticated buyers across the table and a myriad of due diligence requirements. Business owners must be well-prepared and well-advised to ensure a successful transaction. Even the most seasoned and sophisticated […]

The Trade And Tax Issues Behind U.S.-Canada Digital Tax Clash

Legislation

Posted October 23, 2024

Since the new Canadian digital services tax went into effect on June 28, many U.S. companies have been pondering how it will affect their e-commerce businesses — and what chunk of their budget this foreign tax burden will consume. The Canadian digital services tax, or CDST, passed despite U.S. objections. And, on Aug. 30, […]

From Threat to Recovery: Managing Cyber Events at Every Stage

Uncategorized

Posted October 22, 2024

In today’s digital age, the landscape of cyber risk is constantly evolving, presenting organizations with unprecedented challenges. Traditional methods of safeguarding against cyber threats, such as cyber insurance, are no longer sufficient on their own. To navigate this complex environment, organizations must develop a comprehensive approach to operational resilience. This e-book delves into three […]

Forecasting Techniques to Drive Business Growth: Simple Steps for Success

Advisory Industry

Posted October 4, 2024

Written by: Tracy Niemier, EA As a small business owner, looking ahead and planning for the future can feel overwhelming, especially when there are so many day-to-day challenges. But with the right forecasting tools, predicting what’s next for your business doesn’t have to be complicated. Forecasting can help you plan for growth, manage expenses, […]

Succession Planning for Your Business? Consider These Six Ways to Lean on Your Tax Accountant as a Trusted Advisor

Uncategorized

Posted September 13, 2024

The journey from founding a company to successfully handing over the reins involves navigating a complex maze of financial, legal, and even emotional challenges. Robust succession planning can prepare the family-owned enterprise for new leadership or new owners while enhancing the financial stability of the business and its shareholders. This article explores six ways […]

IRS Adopts Final Digital Asset Tax Reporting Rules with Some Revisions

Tax Tips

Posted August 26, 2024

The IRS on June 28 issued final regulations on information reporting for digital asset transactions. The final regulations require “brokers” to report gross proceeds, cost basis, and gain or loss on sales and exchanges of digital assets, including cryptocurrency, stablecoins, and non-fungible tokens (NFTs). The IRS is creating a new form for this purpose, […]

The Role of Financial Ratios in Business Decision-Making

Industry

Posted August 22, 2024

Written by: Tracy Niemier, EA Financial ratios are essential tools that help business owners understand their company’s financial health. Analyzing these ratios allows you to make more informed decisions that drive growth, manage risk, and ensure long-term sustainability. Understanding key financial ratios can provide valuable insights whether you’re considering a new investment, evaluating your company’s […]

Featured Posts

2024 Tax Updates & Planning for Cross-Border Businesses and Global Families

Year-End Updates and Planning Considerations for Business Owners

The Connelly Case: How Life Insurance Policies Impact Your Estate’s Value

1099 Reporting

AI in Real Estate

2024 Tax Updates & Planning for Cross-Border Businesses and Global Families

Year-End Updates and Planning Considerations for Business Owners

The Connelly Case: How Life Insurance Policies Impact Your Estate’s Value

Guide to Selling Your Technology Business

The Trade And Tax Issues Behind U.S.-Canada Digital Tax Clash

From Threat to Recovery: Managing Cyber Events at Every Stage

Forecasting Techniques to Drive Business Growth: Simple Steps for Success

Succession Planning for Your Business? Consider These Six Ways to Lean on Your Tax Accountant as a Trusted Advisor

IRS Adopts Final Digital Asset Tax Reporting Rules with Some Revisions

The Role of Financial Ratios in Business Decision-Making

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