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Business Travel Expenses: Per Diem vs Actual Expenses

Business Travel Expenses: Per Diem vs Actual Expenses

If your employees travel for work purposes, it’s important to understand the various methods of tracking and substantiating travel expenses so that you can maintain accurate records, control costs, and take advantage of potential tax benefits. Watch this video to learn about business travel expenses, per diem allowances, and how they affect employees and employers.
6 Misconceptions of a Revocable Living Trust

6 Misconceptions of a Revocable Living Trust

A revocable living trust, or RLT, offers many benefits, including probate avoidance, privacy, and flexibility in managing assets during one’s life, incapacity, and death. However, despite their popularity as an estate planning tool, there are many misconceptions surrounding revocable trusts that lead to confusion and misunderstandings. Watch this video to learn about the top six misconceptions.
After flush years, households show a reluctance to borrow

After flush years, households show a reluctance to borrow

As flush households face the potential of an economic slowdown, they are reluctant to take on debt. Instead, households appear to prefer precautionary saving in contrast with overconsumption.
IRS Dirty Dozen Top Tax Scams To Avoid

IRS Dirty Dozen Top Tax Scams To Avoid

Each year, the Internal Revenue Service publishes its annual Dirty Dozen list of tax scams highlighting various schemes that put taxpayers and their financial well-being at risk. In this video, we'll provide an overview of five of the top scams on the list.
SECURE 2.0: Considerations to achieve your workforce and business goals

SECURE 2.0: Considerations to achieve your workforce and business goals

Employers that understand SECURE 2.0's new requirements and the pros and cons of adopting optional provisions can implement the act effectively.
FASB proposes guidance on crypto assets

FASB proposes guidance on crypto assets

Recently proposed FASB guidance would improve accounting and disclosure of certain crypo assets.
Properly Funding Your Living Trust

Properly Funding Your Living Trust

Failing to properly fund a living trust is one of the most common errors people make and can lead to unintended consequences and added costs for both the individual and their beneficiaries. In this video, we'll provide an overview of how to properly fund a living trust.
R&E Expense Amortization Got You Down?

R&E Expense Amortization Got You Down?

Now that Research & Experimentation expenses must be amortized over several years, many companies are looking for ways to increase deductions and reduce taxable income. Here are three opportunities to potentially accelerate depreciation and reduce your tax liability.
Required minimum distributions after SECURE 2.0

Required minimum distributions after SECURE 2.0

SECURE 2.0 changes the rules governing how and when certain retirement savers can withdraw money from their retirement accounts and IRAs.
IRS establishes program to allocate solar and wind capacity limitation

IRS establishes program to allocate solar and wind capacity limitation

IRS and Treasury establish program for increased credits for energy projects for low-income communities.
Protecting Your Finances During an Economic Downturn

Protecting Your Finances During an Economic Downturn

Many economists are predicting that the US economy will experience a downturn, if not a recession, in 2023. A downturn can lead to job loss, reduced income, and financial insecurity. While it's impossible to predict the future with certainty, there are steps you can take to protect your finances during a downturn.
Fed hikes rates by 25 basis points as it approaches peak

Fed hikes rates by 25 basis points as it approaches peak

The central bank hiked its policy rate by 25 basis points to a range between 4.5% and 4.75%, its eighth straight increase, though lower than the recent hikes.
Incentivize Employees With Stock Appreciation Rights Instead of Equity

Incentivize Employees With Stock Appreciation Rights Instead of Equity

Many business owners want to incentivize and reward employees by tying their compensation to the company's performance. One way to do this is through stock options, but using stock appreciation rights might be a better solution.
U.S. inflation eases in December, supporting a moderation in Fed rate hikes

U.S. inflation eases in December, supporting a moderation in Fed rate hikes

Top-line inflation declined by 0.1% on the month in December and increased by 6.5% on an annual basis.
IRS releases fact sheet regarding residential energy credits

IRS releases fact sheet regarding residential energy credits

A recent IRS fact sheet explains tax credits for energy efficient home improvements residential energy property.