by Brian Hare, CPA, CGMA | Jan 9, 2025 | Uncategorized
When deciding on the best structure for your business, one option to consider is a C corporation. This entity offers several advantages and disadvantages that may significantly affect your business operations and financial health. Here’s a detailed look at the pros...
by Brian Hare, CPA, CGMA | Dec 11, 2024 | Uncategorized
Understanding how to deduct transportation costs could significantly reduce the tax burden on your small business. You and your employees likely incur various local transportation expenses each year, and they have tax implications. Let’s start by defining “local...
by Brian Hare, CPA, CGMA | Nov 13, 2024 | Blog, Business, Tax
How much can you and your employees contribute to your 401(k)s or other retirement plans next year? In Notice 2024-80, the IRS recently announced cost-of-living adjustments that apply to the dollar limitations for retirement plans, as well as other qualified plans,...
by Brian Hare, CPA, CGMA | Nov 5, 2024 | Uncategorized
We are happy to release our 2024-2025 Tax Planning Guide. This guide includes information and guidance for both businesses and individuals. If you have questions or if you would like additional information, please contact us.
by Brian Hare, CPA, CGMA | Oct 31, 2024 | Blog, Business, Tax
If you own a small business with no employees (other than your spouse) and want to set up a retirement plan, consider a solo 401(k) plan. This is also an option for self-employed individuals or business owners who wish to upgrade from a SIMPLE IRA or Simplified...
