by Ryan Burke, CPA, MSF | Dec 15, 2023 | Blog, Business, Tax
Starting January 1, 2024, a significant number of businesses will be required to comply with the Corporate Transparency Act (CTA). The CTA was enacted into law as part of the National Defense Act for Fiscal Year 2021. The CTA requires the disclosure of the beneficial...
by Ryan Burke, CPA, MSF | Dec 14, 2023 | Uncategorized
You may have heard of the “nanny tax.” But if you don’t employ a nanny, you may think it doesn’t apply to you. Check again. Hiring a housekeeper, gardener or other household employee (who isn’t an independent contractor) may make you liable for federal income and...
by Ryan Burke, CPA, MSF | Dec 8, 2023 | Blog, Business, Tax, Uncategorized
One of the most appreciated fringe benefits for owners and employees of small businesses is the use of a company car. This perk results in tax deductions for the employer as well as tax breaks for the owners and employees driving the cars. (And of course, they enjoy...
by Ryan Burke, CPA, MSF | Nov 30, 2023 | Uncategorized
In the midst of holiday parties and shopping for gifts, don’t forget to consider steps to cut the 2023 tax liability for your business. You still have time to take advantage of a few opportunities. Time deductions and income If your business operates on a cash basis,...
by Ryan Burke, CPA, MSF | Nov 9, 2023 | Blog, Business, Testimonials, Uncategorized
The accounting profession is a field that goes far beyond number crunching and financial statements. In it, there is constant, never-ending improvement. To excel in this profession, accountants need a diverse skill set that encompasses technical prowess, soft skills,...
