The Edge
- March 21, 2024Employers Beware: ERC Voluntary Disclosure Program Ends SoonThe Employee Retention Credit (ERC) was a government-sponsored program to keep workers employed during the Covid-19 pandemic. It...
- March 21, 2024New Employee vs Independent Contractor Rule Effective March 11The U.S. Department of Labor (DOL) announced on Jan. 9, 2024, the issuance of its final rule regarding whether a...
- March 21, 2024Navigating the SECURE 2.0 Act: Repurposing 529 Funds for Retirement SavingsThe SECURE 2.0 Act brings forth an intriguing opportunity for individuals with surplus funds in their 529 college...
- March 21, 2024The Importance of Separating Personal and Business FinancesOne fundamental financial practice that often gets overlooked, yet holds immense importance, is the separation of personal and...
- February 29, 2024Offset Nursing Home Costs with Possible Tax BreaksIf you have a parent entering a nursing home, taxes are probably the last thing on your mind....
- February 26, 2024Is it a repair or an improvement?How to nail down current deductions If your business completes minor repairs by December 31, you can deduct...
- January 30, 2024Planning for Net Investment Income TaxesThe 3.8% net investment income tax (NIIT) is an additional tax that applies to some higher-income taxpayers on...
- January 15, 2024Make the Most of the General Business CreditTax credits are far more valuable than tax deductions. Unlike a deduction, which reduces a business’s taxable income,...
- January 2, 2024Shield life insurance proceeds from estate tax with an ILITLife insurance can provide peace of mind, but if your estate will be large enough that estate taxes...
- December 19, 2023Planning an exit strategy for your businessTips to maximize value and minimize taxes Every business owner should have an exit strategy that helps recoup...
- December 5, 2023Private Foundations vs. Donor-Advised FundsWeighing your charitable giving options If leaving a charitable legacy is important to you, you may be thinking...
- November 21, 2023Can you deduct 2024 bonuses this year?You may be familiar with the rule that permits a business to deduct employee bonuses this year if...
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How to Reconcile Your Accounts in QuickBooks Online (Step-by-Step Guide for 2026)If there’s one QuickBooks task that separates... -
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