If you’re starting a business with some partners and wondering what type of entity to form, an S corporation may be the most suitable form of business for your new venture. Here are some of the reasons why.
Choosing an Entity for Your Business? How About an S Corporation?
Posted by Nick Wheeler, CPA on Apr 07, 2023
Posted in Business Advisory
In a nutshell, according to the SBA, the HUBZone program fuels small business growth in historically underutilized business zones. The idea is to award at least 3% of federal contract dollars to eligible companies each year.
Posted in Business Advisory
IRS Drastically Expands Electronic Filing Requirement for 2023 Tax and Information Returns
Posted by Michael D. Machen, CPA, CVA on Mar 23, 2023
The Internal Revenue Service finalized regulations on February 23, 2023, significantly expanding mandatory electronic filing of tax and information returns that require almost all returns filed on or after January 1, 2024, to be submitted to the IRS electronically instead of on paper.
Posted in Business Advisory
Last year presented nonprofits with many challenges that will persist into 2023. Ongoing economic volatility, inflation-driven increases in operating costs, and intense competition for talent are among key issues that continue to threaten organizations’ operational and financial wellbeing.
Posted in Business Advisory
Manufacturers will continue to face supply chain headwinds in 2023, a cause for concern following a turbulent few years. Economic uncertainty, supply shortages, rising costs, and frustrated customers threaten to impede growth.
Posted in Business Advisory
Cost Optimization Strategies for Resilient Growth
Posted by Michael D. Machen, CPA, CVA on Feb 22, 2023
The overall economic outlook is uncertain, costs continue to rise and supply chain disruption persists. How can businesses enable new growth and find competitive advantage?
Posted in Business Advisory
Merger and acquisition activity dropped dramatically last year due to rising interest rates and a slowing economy. The total value of M&A transactions in North America in 2022 was down 41.4% from 2021, according to S&P Global Market Intelligence.
Posted in Business Advisory
CPA firms do more than audits and tax returns. They can also help you with everyday accounting-related tasks, such as bookkeeping, budgeting, payroll, and sales tax filings. Should your organization outsource its accounting needs? Here are five potential advantages to consider when evaluating this decision.
Posted in Business Advisory
There's been buzz about new retirement plan provisions for weeks, and now they're final, bringing about changes to various federal rules and adding flexibility for current and future retirees. The Secure 2.0 Act of 2022, part of the Consolidated Appropriations Act of 2023, includes the following modifications, some of which are immediate and others that will take effect in the future.
Posted in Business Advisory
Real Estate and Construction Industries' Growing Cybersecurity Threat
Posted by Jessica L. Pagan, CPA on Dec 14, 2022
In the last few years, real estate and construction leaders have made great strides to implement new technologies into their regular practices. While these advances have uncovered additional efficiencies, their adoption has created a critical vulnerability: data security.
Posted in Business Advisory