October 6, 2023 – The Internal Revenue Service (IRS) has today released proposed regulations, Revenue Procedure 2023-33PDF, and a set of frequently asked questions that address the transfer of clean vehicle credits, whether they are newly acquired or previously owned, to eligible entities for vehicles placed in service after December 31, 2023. Taxpayers can receive […]
Category: Blog
A Simple Guide to the General Ledger in Restaurants
Published October 7, 2023 – Owning a restaurant involves more than just serving food. Keeping track of the money is a crucial aspect of running any business[1]. Restaurants included. Most owners are not accountants. They often must learn the administrative parts of the restaurant business as they go along. They need all the help they […]
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A Simple Guide to the General Ledger in Restaurants
What expenses can I use for deductions in my business?
Published October 7, 2023 – Navigating the financial terrain of running a business can be as challenging as it is rewarding. As a business owner, one key aspect you’ll want to master is understanding the expenses that can be used for deductions. Deductible expenses are a lifeline for your business’s financial health, as they can […]
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What expenses can I use for deductions in my business?
Why Technology has Leveled The Playing Field in Accounting
Published October 6, 2023 – In the ever-evolving landscape of accounting, technology has played a significant role in streamlining processes, enhancing efficiency, and transforming the way professionals communicate. With the rapid advancements in communication technology, accountants now have access to innovative tools and platforms that facilitate seamless collaboration, data sharing, and real-time interactions. This article […]
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Why Technology has Leveled The Playing Field in Accounting
What is Pass-through Taxation?
Published October 5, 2023 – Taxation is the financial backbone of any society, serving as a means to fund public services and government functions. Within this intricate landscape, various taxation structures exist, each with its unique features and implications. These structures determine how individuals, businesses, and other entities contribute their share to support public initiatives […]
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What is Pass-through Taxation?
Top Three Profit Boosting Strategies
Published October 3, 2023 – Maintaining a strong bottom line is one of the most crucial challenges that small businesses face. When over half of new businesses fail in the first year, it’s essential for owners to focus on building sustainable strategies for profit and re-engineering their business practices to prioritize profit margins. What are […]