When it comes to businesses and asset depreciation, there are many types available, such as straight-line, units of production, double declining balance, and sum of years digits. While these aren't...
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Restricted Stock Units: 5 Essential Tax and Financial Planning Strategies
Receiving restricted stock units (RSUs) may seem straightforward, but the tax and financial planning complexities can catch many employees off guard. Understanding these key strategies might help you avoid costly...
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Dissecting Working Capital
Working capital is the difference between a business' current assets and liabilities. Negative working capital can happen when a business' current assets are below its current liabilities. Therefore, working Capital...
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One Big Beautiful Bill Act: Part 2 – What the New Tax Law Means for Your Business
Part 2In this second part of our two-part series on the One Big Beautiful Bill Act (OBBBA), we examine the legislation's impact on businesses, trusts, and estates. In addition, we...
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Preventing AI Deepfakes, Deterring Fentanyl and Foreign Aggression, and Strengthening Small Businesses
HALT Fentanyl Act (S 331) – On Jan. 30, Sen. Bill Cassidy (R-LA) introduced this bipartisan act in order to close a loophole that allowed clandestine drug manufacturers to evade...
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One Big Beautiful Bill Act: Part 1 – What the New Tax Law Means for You
Part 1The One Big Beautiful Bill Act (OBBBA) passed the House on July 3 and was signed into law by President Trump. This comprehensive legislation makes several expiring tax cuts...
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Addressing the Digital Divide within the Workforce
The rapid pace of technological change, particularly the integration of artificial intelligence (AI) in daily workflows, is reshaping the global economy and the nature of work. Today’s digital divide is...
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6 Reasons for Mid-Year Tax Planning
Right smack dab in the middle of summer might seem like the worst time to think about your taxes, but it’s actually the perfect time. Here’s what taking a pause...
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Job Shopping: What’s New in Company Benefits
If you are in the market for a new job or are interested in extracting more value from your current one, consider some of the newer trends in company benefits....
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Examining Differences Between Liquidity And Solvency
Liquidity looks at how well a company can handle paying wages, inventory, and lending repayments via measuring its cash or quasi-cash levels. Put another way, it looks at the health...
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Navigating Worker Classification: The Critical Difference Between Employees and Independent Contractors
Running a small business often means working with a mix of people: some full-time staff, part-time helpers, seasonal workers or project-based contractors. While this flexibility helps manage costs and workload,...
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Decoding Net Realizable Value (NRV)
Whether it's maintaining compliance with accounting standards or ensuring asset values are not overvalued for internal stakeholders or external existing or potential new investors, looking at net realizable value (NRV)...
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New Tax Cut & Spending Bill, Protecting Law Enforcement, VA Benefits and Semiconductor Supply Chains
One Big Beautiful Bill Act (HR 1) – Introduced by Rep. Jodey Arrington (R-TX) on May 20, this tax bill supports the president’s tax and immigration agenda. The legislation includes:Making...
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Quantum Computing: Separating Hype from Real-World Business Value
Lately, there has been a lot of talk about quantum computing, drawing interest from many, including business leaders. Quantum computing promises to solve previously unsolvable problems and revolutionize entire industries....
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