Reducing Tax Liability with an IC-DISC You’re exporting your products or services to a foreign country. As a result, you face a tremendous number of tax issues and potential new tax liabilities. Wouldn’t it be nice if you could reduce the taxes you owe? You might be able to save
The U.S. Senate has passed the PPP Extension Act of 2021, extending the Paycheck Protection Program (PPP) application period through May 31, 2021 – an additional two months beyond what had been the looming March 31 deadline. The bill’s passage gives small businesses a larger window for filing PPP loan
Can’t watch the video? Get the transcript. Fractional accounting is often misunderstood, but for growing organizations, it can be a powerful strategic advantage. In this video, leading fractional accounting and advisory pros Liz Ziegler and Tori Perkins debunk a few of the myths we encounter most often, offering a clearer
What are these two schedules? Schedule K-2 “Distributive Share Items – International” and Schedule K-3 “Share of Income, Deductions, Credits, etc. – International” are intended for pass-through entities (PTE) to consistently report international tax information. This allows for clearer instructions to owners to report the international income, deductions, and information
Late remittances remain one of the most common compliance issues retirement plan sponsors face. When employee contributions or loan repayments are withheld from payroll but aren’t deposited into the plan on time, the Department of Labor (DOL) treats the delay as a fiduciary breach under ERISA. The good news is
Cost Segregation Studies When the dust settles on your expensive new building project, or your purchase of an existing facility, your first thought may likely be, “How quickly can I recoup some of my investment?” Depreciation on real property (buildings) can last up to 39 years – so you won’t
Trusts are foundational tools in estate planning, enabling you to manage and distribute assets according to your preferences. But is a simple or a complex trust the right tool for your situation? The choice profoundly influences tax outcomes and overall financial strategies, so to help you identify which is a
You likely had filed your Form 5500 for your employee benefit plan prior to its October 15 due date. If you delayed filing because the plan’s financial statement audit was not yet complete, the Department of Labor (DOL) advises that you reconsider. Employee benefit plans that are considered “large plans”
Can’t watch the video? Get the transcript. Growing non-profits often reach a point where financial complexity outpaces internal accounting resources. In this episode of Thrive, Patrick Frambes and Christa Woelfel discuss how organizations are bridging that gap with Fractional Accounting & Advisory services. Find out when the fractional model makes
Recent advances in technology have accelerated the way that business are evolving at an unprecedented rate. The dawn of 5G and advances in communications technology have sped up expectations on both the business and consumer ends of business: Companies like Amazon have completely overturned decades-old business models and core competencies
The intense focus and passion of an entrepreneur or small business owner is reflected in their unrelenting commitment to success. The early mornings and late nights create the “sweat equity” that builds the business’s value. As success builds and growth takes off, it’s critical to have an accurate and reliable