On August 12, 2022, Congress passed the Inflation Reduction Act (I.R.A.), a $739 billion measure intended to bring down inflation, encourage green energy activities to combat climate change, and make some other changes. How does this impact your business? It may be too early to know the full extent of the impact, but some aspects may directly or indirectly affect your business starting in 2023. Read More

When starting in business you want to use all the resources you can, and that includes family members if you have them and they’re ready and willing to help. Here are some ways in which you can leverage family to help you get started. But beware: there are drawbacks to consider. Your business may be of finite duration, but family is forever, and you want to be sure and preserve relationships above all else. Read More

Saying that tax rules are confusing is an understatement. Sometimes they’re almost impossible to understand. When it comes to requirements for reporting certain income, expenses, or transactions, sometimes thresholds apply when a certain limit is reached. Other times, the thresholds are triggered when amounts exceed a certain limit. Read More

The temperature outside in many places is sizzling, but it’s not too early to picture snow and the holiday season. This year, it’s particularly challenging to craft your holiday marketing plan because of so many variables. Will you be able to obtain the inventory you need in view of persisting supply chain issues? Will you be able to hire seasonal workers in this still-tight labor market? What prices should you set for your items in view of continued inflation? And when should you begin your sales efforts? Read More

It’s been 32 years since the Americans with Disabilities Act became law. Several years ago, we had a blog that addressed the problem of making a website usable by 25+ million visually impaired in the U.S. A website should be usable by those with visual or audio impairments. Here’s an update.

Are we in a recession, which is defined as a significant decline in economic activity or two consecutive quarters of GDP contraction (something we’ve already had)? Some experts nonetheless argue that we’re not there yet, but is a recession on the horizon? We know from past experience that the experts don’t know any more than we do. ...Nonetheless, it’s a smart business strategy to follow the proverb to prepare for the worst and hope for the best. Read More

Today, many go-getters aren’t satisfied running one business. They pursue multiple ventures at the same time. There may be various reasons for this, including having diverse interests in different areas and wanting additional income. Whatever the reason, tax traps can snare the unwary. Here is a sampling of issues to consider.  Read More

As students head back to school, employers should take note of some important implications for their business. Employees, with and without children, may be thinking about education and the upcoming school year.

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Stay informed as you prepare your year-round tax planning with these best-selling tax books on Amazon.