Step-by-step instructions for adding an accountant user to your Quickbooks account.

In today's increasingly complex financial landscape, transparency is paramount. The Corporate Transparency Act (CTA) of 2021 introduced a new requirement: Beneficial Ownership Information (BOI) reporting. This blog delves into the details of BOI reports, explaining what they are, why they're important, and how businesses can navigate the filing process.

The future of retirement security received a significant boost with the passage of the Setting Every Community Up for Retirement Enhancement Act 2.0 (SECURE 2.0) in December 2022. This landmark legislation introduces a wide range of provisions aimed at encouraging Americans to save more for retirement. But the impact of SECURE 2.0 extends far beyond individual savers. For small businesses, the act unlocks a treasure trove of opportunities to enhance their employee benefits offerings and potentially gain valuable tax breaks. This blog delves into the key provisions of SECURE 2.0 and explores how they can empower small businesses and benefit their employees.

Investing in research and development (R&D) is a vital step for businesses seeking to innovate, improve products, and stay ahead of the curve. The good news? The U.S. government offers a significant incentive to offset these costs – the R&D Tax Credit. But what happens if your company's tax liability isn't enough to fully utilize the credit in a given year? Enter the powerful concept of R&D tax credit carryforward rules. This blog dives into the details of these rules, explaining how they work and how businesses can maximize the benefits of their R&D investments.

Innovation is the lifeblood of progress. Businesses that invest in research and development (R&D) activities are constantly pushing boundaries, creating new technologies, and driving economic growth. To incentivize these efforts, the Internal Revenue Service (IRS) offers a valuable tax credit – the R&D Credit. This blog delves into the details of this credit, explaining its benefits, eligibility requirements, and the process of claiming it.

As a small business owner, you wear many hats. You're the CEO, marketer, product developer, and often, the HR department. But one of the most important responsibilities you have is ensuring your own financial security, both now and in retirement. Traditional retirement plans like 401(k)s might seem out of reach for smaller businesses, but there are several options specifically designed to meet the needs of small business owners and their employees. This blog post will delve into SEP IRAs (Simplified Employee Pension Individual Retirement Accounts) and other retirement plans available to small businesses, empowering you to make informed decisions about your and your employees' retirement savings.

Managing healthcare costs can feel like a constant juggling act. Between premiums, deductibles, and copays, it's easy to feel overwhelmed. Fortunately, there are tax-advantaged options available to help you save for and manage your healthcare expenses. This blog post will delve into Health Savings Accounts (HSAs) and other tax-favored health plans, empowering you to make informed decisions about your health finances.

The best business structure for you will depend on your specific needs and circumstances. If you are a small business owner with limited liability concerns, an LLC or S-corporation may be a good choice for you. If you are a large business owner or plan to raise capital from investors, a C-corporation may be a better choice.