Newsletter

🧭 WHY TARIFFS MATTER NOW Recent trends show tariffs are not just political talking points—they’re financial realities for businesses of all sizes. The latest Vistage CEO Pulse confirms that rising tariffs on Chinese imports and potential trade friction with other countries are creating ripple effects in costs, sourcing, and pricing for SMBs across the U.S. So, how…

Heads up! QuickBooks is rolling out price changes starting July 1, 2025 (for Online & Payroll) and October 1, 2025 (for Desktop products). We know that price increases aren’t anyone’s favorite news—but there’s a silver lining. We’ll break it all down for you below, but more importantly, this may be the perfect time to reassess how you use QuickBooks and discover how it could…

Hello all, Starting in 2025, most businesses registered in the state of Pennsylvania will be required to file an Annual Report. The state has recommended filing online at https://file.dos.pa.gov/ The PA Department of State will be mailing out postcard reminders to the registered office address of required filers at least two months prior to the report…

As the real estate market continues to evolve, we want to ensure you’re informed about important tax court decisions that may impact your investment strategy and tax planning. In this newsletter, we’re focusing on a recent Tax Court case that provides critical clarification on the requirements for qualifying as a “real estate professional” for tax…

Hi all – This newsletter is to clarify and give guidance on a subject that has been a topic of much importance with many of our clients in years past and will continue to be moving forward. Many business owners need guidance on who is and is not an EMPLOYEE (on payroll) vs. INDEPENDENT CONTRACTOR…

Hi all- We wanted to share an important update regarding the planned changes to the federal salary thresholds for white-collar exemptions under the Fair Labor Standards Act (FLSA). On November 15, 2024, the U.S. District Court for the Eastern District of Texas issued a ruling that blocks the U.S. Department of Labor’s (DOL) planned salary threshold…

Hello, You may have heard that on December 3, 2024, a federal court in Texas issued an injunction suspending the mandatory BOI reporting regulations on a going forward basis. If we have already completed your BOI report and it was filed before this injunction was issued, you were already in compliance with the rules. As for…

Hi all- As the year comes to a close, we want to remind you of an important deadline that could significantly impact your business: Beneficial Ownership Information (BOI) Reporting Forms are due to us by December 16, 2024. This reporting requirement, established under the Corporate Transparency Act (CTA), applies to many businesses, including corporations, LLCs, and…

Now that the election is over, the tax proposals made by Donald Trump on his campaign trail are re-shaping how Americans are planning for their taxes. The overall theme on Trump’s proposed tax policy includes increasing revenue with tariffs and tax cuts for business owners, workers, and retirees. The following shows a summary of the…

Hi all- I would like to highlight a fantastic community event happening next month on Monday, November 25th that promises to be both entertaining and inspiring. Join us at The Lake Club for a limited-audience conversation between Jim Tressel and Ed Muransky. Topics of the night include the OSU-UM rivalry, NIL impact on college sports,…