The end of the year brings more than tax prep and closing the books. It’s also the perfect time to step back and evaluate how well your accounting tools are working for your business. The right technology keeps your finances organized, saves hours of manual work, and gives you clear insights into planning the year ahead. But if your current systems feel clunky, disconnected, or outdated, year-end is your best opportunity to fix that before the new cycle begins.
Do I Need an Accountant for a Small Business?
Running a small business means handling countless responsibilities at once. From sales and operations to marketing and customer service, there’s always more to do than hours in the day. That often leaves finances pushed to the side. It’s natural to wonder: Do I need an accountant for a small business? The answer depends on your size, structure, and goals, but in many cases professional guidance makes a measurable difference.
Choosing the Best Visual Dashboard Software for Your Business
Visual dashboard software has become a critical tool for organizations that want to track performance, analyze trends, and share insights across teams. The right dashboard makes it easy to see data in real time, spot problems early, and make informed decisions. With so many options on the market, it can be challenging to choose the best fit. This guide compares the top five visual dashboard programs side by side so you can see their strengths, weaknesses, and unique features at a glance.
What Triggers a Tax Audit: Signs That Might Put You on the IRS Radar
Tax season is stressful enough without worrying about whether the IRS will take a second look at your return. While audits are relatively rare for most taxpayers, certain patterns and inconsistencies are more likely to catch the government’s attention. Understanding what triggers a tax audit can help you avoid common missteps that lead to closer scrutiny.
Employee Retention Credit 2025 Update
The IRS has made it clear: the sun is setting on the Employee Retention Credit, and businesses that claimed it—or plan to amend past filings—need to tread carefully. The Employee Retention Credit 2025 update signals a shift in focus: with the filing window closed and a surge in enforcement activity, 2025 is shaping up to be the year of audits, repayment demands, and compliance pressure.
Here’s what employers should be watching now to avoid headaches or worse later.
Federal Government Ending Paper Checks: What Taxpayers and Preparers Need to Know
A major shift in the way the federal government handles payments is underway. As part of an executive order issued in early 2025, the federal government is transitioning to a fully digital payment system—effectively ending the use of paper checks. For taxpayers and preparers, this isn’t just a policy update; it’s a timeline that could impact everything from tax refunds to estimated payments.
Why This Executive Order Matters
2025 Tax Inflation Adjustments: How They Affect Your Taxes
Understanding the 2025 Tax Inflation Adjustments and Their Impact
Each year, the IRS adjusts tax brackets, deductions, and credits to account for inflation. These updates can influence your tax liability, deductions, and financial planning. The 2025 tax inflation adjustments introduce several key changes that may impact how much you owe or how much you can deduct when filing your return.
BOI Reporting Requirements Are Back: What Businesses Need to Know
The Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA) are officially back in effect following a recent court decision. After months of uncertainty, businesses across the U.S. must now comply with the reinstated regulations, with the filing deadline set for March 21, 2025 for most companies.
Recover Missed Tax Deductions
It’s January, and you’re kicking yourself for missing the December 31 tax deadline for key deductions. While it may feel like the window has closed, there’s still good news: many opportunities remain to recoup lost deductions and reduce your taxable income. By taking strategic action now, you can recover missed tax deductions and set yourself up for a smoother tax season next year.
Here’s a step-by-step guide to bounce back and maximize your deductions:
New Beneficial Ownership Reporting Requirements Temporarily Suspended
The landscape of New Beneficial Ownership Reporting Requirements has shifted once again. A recent court ruling has temporarily halted enforcement of the Corporate Transparency Act (CTA), which requires businesses to disclose Beneficial Ownership Information (BOI) to the Financial Crimes Enforcement Network (FinCEN). While this decision provides businesses with temporary relief, it also creates uncertainty around future compliance obligations.