Newsletter

We wanted to share important information regarding S-Corporations and Economic Injury Disaster Loans (EIDL) administered by the Small Business Administration (SBA). EIDL loans provide businesses with access to capital during times of hardship. During the COVID-19 pandemic, these loans helped businesses manage slower periods, maintain operations, and navigate the financial uncertainty caused by the crisis.…

The summer is quickly winding down, and tax planning season is in full swing! Clients who want to achieve the results they anticipate in March and April are making tax planning a priority now. Proactive planning sets your business up for success and helps you keep your hard-earned money in your pocket. The month of…

Are You Tracking Mileage? New IRS Changes Make It More Valuable Due to rising fuel prices, the Internal Revenue Service (IRS) standard mileage rate for Q3 and Q4 of 2026 has increased once again to 76 cents per mile. Although the IRS announced the change on July 13th, 2026, it is applied retroactively, taking effect…

Operating in multiple states can make it challenging for businesses to keep up with varying rules and regulations. If your business sells or operates across state lines, understanding your sales tax obligations is essential. As states increasingly and aggressively enforce sales tax compliance, it’s critical to understand when sales tax filings are required. Staying informed…

We are quickly approaching critical tax deadlines: March 15th for passthrough entities (partnerships and S-corporations) and April 15th for individual, C-Corporation, and trust returns. It’s important to consider what strategy makes most sense moving forward. In most situations, we encourage clients to file before these deadlines to avoid the need for an extension payment and to…

With so many retirement account options available, choosing the right plan can feel overwhelming — but the payoff is well worth the effort. The right retirement plan doesn’t just help you save more and reduce your tax burden; it also strengthens your ability to attract and retain great employees by investing in their financial futures.…

Determining whether a worker is an employee (paid via payroll) or an independent contractor (issued a 1099) can be difficult for many business owners. Because each tax agency applies its own criteria, classification rules can become confusing. The IRS checklist below outlines the factors used to distinguish between an employee and an independent contractor. If…

The month of December is a unique month for many of our clients. Retail and hospitality clients are in a crucial part of their year. Manufacturing, transportation and service industries tend to see a bit of a slowdown around the holiday season with facility shutdowns for holidays, vacations, etc. Those in the medical field tend to see an…

As we continue to head towards the end of the calendar year it’s important to understand what an RMD is and how it may affect you. What is an RMD? RMD’s or Required Minimum Distributions is the minimum amount that the IRS requires you to withdrawal from your retirement account at each age. When are…