RogerRossmeisl

DECEMBER 15, 2024

As a business owner, you may travel to visit customers, attend conferences, check on vendors and for other purposes. Understanding which travel expenses are tax deductible can significantly affect your bottom line. Properly managing travel costs can help ensure compliance and maximize your tax savings. Your tax home Eligible taxpayers can deduct the ordinary and necessary expenses of business travel when away from their tax homes.

Tax 130

Tax CPA business tax 130

Accounting for Good

DECEMBER 15, 2024

As 2024 draws to a close, we want to express our heartfelt gratitude to all our valued clients and partners in the Not-for-Profit sector.

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RogerRossmeisl

DECEMBER 15, 2024

If you own a small business with no employees (other than your spouse) and want to set up a retirement plan, consider a solo 401(k) plan. This is also an option for self-employed individuals or business owners who wish to upgrade from a SIMPLE IRA or Simplified Employee Pension (SEP) plan. A solo 401(k), also known as an individual 401(k), may offer advantages in terms of contributions, tax savings and investment options.

CPA 168

CPA Tax accounted accountant 168

Accounting for Good

DECEMBER 15, 2024

As 2024 draws to a close, we want to express our heartfelt gratitude to all our valued clients and partners in the Not-for-Profit sector.

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Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

Finance

RogerRossmeisl

DECEMBER 15, 2024

In todays global economy, an established business might consider expanding its revenue base by acquiring or merging with a company in an emerging market. These markets for example, in Brazil, China, India, Mexico, South Africa and Turkey provide tremendous growth potential. But they also come with significant risks. So, obtaining reliable business valuations is an essential part of due diligence in emerging-market M&As.

CPA 147

CPA 147

Insightful Accountant

DECEMBER 15, 2024

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SchoolofBookkeeping

DECEMBER 15, 2024

quickbooks 40

quickbooks 40

RogerRossmeisl

DECEMBER 15, 2024

When you think about tax deductions for vehicle-related expenses, business driving may come to mind. However, businesses arent the only taxpayers that can deduct driving expenses on their returns. Individuals may also be able to deduct them in certain circumstances. Unfortunately, under current law, you may be unable to deduct as much as you could years ago.

CPA 130

CPA Tax 130

SchoolofBookkeeping

DECEMBER 15, 2024

quickbooks 40

quickbooks 40

RogerRossmeisl

DECEMBER 15, 2024

How much can you and your employees contribute to your 401(k)s or other retirement plans next year? In Notice 2024-80, the IRS recently announced cost-of-living adjustments that apply to the dollar limitations for retirement plans, as well as other qualified plans, for 2025. With inflation easing, the amounts arent increasing as much as in recent years. 401(k) plans The 2025 contribution limit for employees who participate in 401(k) plans will increase to $23,500 (up from $23,000 in 2024).

CPA 130

CPA Government business tax Tax 130

Advertiser: Paycor

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

payroll

RogerRossmeisl

DECEMBER 15, 2024

Hiring household help, whether you employ a nanny, housekeeper or gardener, can significantly ease the burden of childcare and daily chores. However, as a household employer, its critical to understand your tax obligations, commonly called the nanny tax. If you hire a household employee who isnt an independent contractor, you may be liable for federal income tax and other taxes (including state tax obligations).

Tax 130

Tax income tax CPA 130

RogerRossmeisl

DECEMBER 15, 2024

Employee stock options remain a potentially valuable asset for employees who receive them. For example, many Silicon Valley millionaires got rich (or semi-rich) from exercising stock options when they worked for start-up companies or fast-growing enterprises. Well explain what you need to know about the federal income and employment tax rules for employer-issued nonqualified stock options (NQSOs).

Non-Profits 130

Non-Profits Tax tax planning CPA 130

RogerRossmeisl

DECEMBER 15, 2024

While many people donate cash or volunteer for their favorite causes, charities also welcome donations of company stock. Stock donations can offer a tax bonus to donors if the shares have appreciated. However, obtaining a business valuation from a qualified appraiser is critical to reap the tax benefits from a donation of private stock. Tax benefits If youre feeling generous this year, youre not alone.

Indiana 130

Indiana CPA Tax 130