On January 31, 2024, the U.S. House of Representatives passed the Tax Relief for American Families and Workers Act of 2024, introducing significant tax changes that are poised to benefit business owners and real estate

The new QBI deduction, created by the 2017 tax reform law, allows many owners of sole proprietorships, partnerships, S corporations, trusts, or estates to deduct up to 20 percent of their qualified business income. Eligible

By incorporating corporate social responsibility (CSR) into your company’s business model, you’re showing your consumers, employees and stakeholders that you act responsibly for the greater good. CSR can affect your business positively or negatively, however,

The IRS is offering some updated rules as guidance for deductible expenses that may have been murky as a result of the Tax Cuts and Jobs Act. The rules being updated involve using optional standard

If you’re an entrepreneur and you’ve heard other business owners talking about the qualified business income deduction (also called Section 199A), you’re probably asking yourself, “Should I incorporate to help save on taxes?” and “What

Although most arbitrators are lawyers or retired judges, increasing numbers of CPAs are serving as arbitrators to expand the services they provide. The CPA’s reputation for objectivity, knowledge, skills, and consulting experience collectively make arbitration

In theory, a compensation philosophy is a formal written statement that reveals the company’s stance on employee pay and rewards. Compensation philosophies vary from company to company. However, they often involve addressing the “what,” “why,”

The technology for touchless payments (also called “tap” or “contactless”) has been around for a while, but customers continued to prefer the tactile experience of punching a PIN pad or signing with a pen. With

Although most wages are subject to SUTA tax, certain wages may be exempt. In New York, for example, wages paid to babysitters under 18 years of age, church employees, and certain family members are exempt

Employers are required to withhold federal income tax from all employees’ wages unless the employee is exempt from federal income tax. The withholding amount is based on the employee’s taxable wages, marital status and number