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Latest News & Articles
Key Strategies for Saving and Budgeting
Due to the economic uncertainties, inflation, and rising interest rates of the past few years, now more than ever is the time to secure some savings and stick to a budget. Saving money in interest-bearing accounts or investing in assets…
July 2024 Brings New Overtime Pay Rules from the DOL
The Department of Labor is updating the Fair Labor Standards Act rules that define which executive, administrative, professional, outside sales, and computer employees are exempt from overtime pay requirements. Effective July 1, 2024, the U.S. Department of Labor (DOL) will…
Prevent Small Business Bankruptcy With Virtual CFO Services
The Wall Street Journal (Becky Yerak) 04.23.24, published an article titled “Small-Business Bankruptcies Surge Ahead of Potential Law Change.” The article explains that small business bankruptcy is on the rise. In fact, small business bankruptcy in the United States has…
4 Reasons Why Businesses Are Making the Switch to a Virtual CFO
A Virtual Chief Financial Officer (CFO) is a financial expert who provides businesses with high-level financial management and strategic planning services remotely. Every business must have a CFO who can lay out critical financial oversight and strategic planning necessary for growth and…
The Benefits of Hiring a CPA for Your Startup’s Bookkeeping and Tax Services
In the competitive entrepreneurial landscape, meticulous financial management is a pivotal foundation for the success of startup ventures. Amidst the many tasks and challenges startups face, from product development to customer acquisition, accurate bookkeeping and tax compliance cannot be overstated….
How to Extend Your Tax Return
As the income tax deadline approaches, many taxpayers struggle to compile all the documents and information needed to file their federal income tax returns before April 15th. Whether your tax situation is complicated this year by transactions, life events, or…
We’re Here to Help You Decipher the Corporate Transparency Act
The Corporate Transparency Act, commonly called CTA, was enacted by Congress to further corporate transparency by identifying the people behind companies. Under the CTA, business entities must disclose specific company details to FinCEN, including the company’s legal name, business address, jurisdiction, and…
Federal Court Declares CTA Unconstitutional
A Brief Background of the CTA The Corporate Transparency Act (CTA) aims to enhance transparency in the ownership of businesses in America. It requires companies to disclose information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). The…
5 Steps to Take When the IRS Sends You to Collections
Opening your mailbox to find an IRS collections notice is highly unsettling. Scenarios of potential penalties, interest rates, and credit consequences are probably running through your mind. For most, this moment feels like standing on a financial ledge, and getting…
A Business Tax Preparation Checklist for Smooth Filing
Preparing tax filings is challenging for business owners because tax rules are complicated and ever-changing. Various business structures, income sources, and expenses create intricacies. Further, if the business has employees, this adds another layer of employee tax subtleties. Maintaining careful…
Getting Your Business Up and Running
You may have heard the statistic that 20% of new businesses fail within their first two years. What’s more, 65% fail within their first ten years. Not only does a new business owner bear the burden of defining their business’s…
A Comprehensive Checklist for Hiring the Best Virtual CPA
Hiring the best virtual Certified Public Accountant (CPA) is an essential step for your business’s financial stability. Finding the right CPA for your business requires a discerning approach, and we recognize the complexity involved in the process. This article provides…