Recent Articles
Addressing the U.S. Accounting Industry’s Talent Shortage through Talent Augmentation
How Outsourcing Talent Can Help Accounting Firms Access Expertise and Stay Competitive. The U.S. accounting industry is facing a severe lack of certified accountants, leaving firms struggling to replace experienced professionals. This has led to lower productivity, high workload for...
US small businesses face significant challenges amid a struggling economy
A survey finds 61% of accountants believe the economy will be “much” or “somewhat worse” for small business clients over the next year. Small businesses in the US are facing significant challenges as the economy continues to struggle. According to...
The SECURE 2.0 Act Brings New Flexibility to Section 529 Plans.
Learn How to Make the Most of Your 529 Plan Savings For parents looking to save for their children’s education, a 529 plan is a popular choice. These state-run vehicles provide broad investment options, high contribution caps, and generous tax...
Navigating Tax Liabilities for cannabis businesses: A Guide to Filing with Confidence
Understanding IRC Sec. 280E, COGS, and Cash-Based Business Implications As an entrepreneur in the cannabis business industry, you may not be aware of the Complications around your tax results. It’s not just Pharmacies that have to worry about taxes, but...
The Value of Tax Credits vs. Deductions: Why It Matters.
Understanding Which Option is More Beneficial for Your Taxes When it comes to claiming tax benefits, it’s important to understand the difference between a deduction and a credit. While both can lower your tax bill, a credit is generally more...
721 Exchange for Deferring Real Estate Capital Gains Taxes
Investors selling property can use various strategies to defer capital gains taxes on real estate investments. One of the less-known strategies is the 721 exchange, also known as the umbrella partnership real estate investment trust (UPREIT). Although the more popular...