Accounting February 23, 2023
4 Ways an Outside Financial Hire Can Strengthen a Family Business
While a new hire may be intimidating, a CFO or controller can provide valuable industry and financial expertise especially during economic volatility.
Accounting February 17, 2023
72% of Middle Market Businesses Back to Pre-Pandemic Performance but Brace for Recession
When asked what the biggest workforce challenges are that they are facing, 36 percent of respondents said that retaining talent was their biggest hurdle.
Taxes February 16, 2023
AICPA Wants Congress to Extend Sec. 174 R&E Expensing, Other Expired Tax Provisions
The AICPA supports the deferral of IRC Section 174 amortization requirement of the research and experimental expenditures and requests that Congress retroactively extend the effective date to ...
Payroll February 16, 2023
U.S. Companies Anticipate Increased Hiring in the First Half of 2023
58% of respondents anticipate adding new permanent roles during the first half of the year, up from 46% six months ago. Another 39% expect to hire for vacated positions.
Small Business February 15, 2023
Retail Imports Forecast to be Lowest in 3 Years
"Retailers are being cautious as they wait to see how the economy responds to efforts to bring inflation under control.”
Accounting February 15, 2023
Retail Sales Increased in January
The U.S. Census Bureau reported that overall retail sales in January were up 3% from December and up 6.4% year over year. In December, sales were down 1.1% month over month but up 5.9% year over year.
Taxes February 15, 2023
IRS Announces Interest Rates for Q2 2023
Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.
Taxes February 14, 2023
The Top Challenges Faced by Corporate Tax Pros
According to the new survey, three-quarters of tax departments report experiencing difficulties in recruiting and retaining talented tax professionals.
Taxes February 13, 2023
How the Tax Code Can Help Investors Keep Their Real Estate Wealth Stable During Retirement
To leverage a 1031 exchange, an investor has to ensure the income from a real estate investment property sale is reinvested (or “exchanged”) in like-kind property.
Small Business February 13, 2023
How to Help Business Clients Pass an OSHA Inspection
While employers may have no control over why or when an OSHA inspection occurs, they have a great deal of control over its results.
Small Business February 13, 2023
Amazon Now Taking Half of Sales Revenue from Merchants, Says Report
Amazon’s average cut of each sale surpassed 50% in 2022, according to a study by Marketplace Pulse, which sampled seller transactions going back to 2016.
Accounting February 13, 2023
Client Hub Launches a Free Recategorize Plan
Firms using Client Hub can now connect a client’s QuickBooks file to that client’s workspace in Client Hub. Then, they simply designate a QuickBooks account for uncategorized transactions.