Sun.May 07, 2023

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Renting a Home Office to Your Company

CPA Practice

In the not-so-distant past, working primarily from a remote location like your home was a somewhat unusual occurrence. Not anymore. Due to the pandemic, having employees work from home became standard operating procedure. This included small business owners who regularly burn the midnight oil. And the trend has continued even though the pandemic has abated.

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Future Forward 2023: Why You Must Document Before You Can Automate

Insightful Accountant

Cloud Accounting Podcast host David Leary shows you the secret to improving your workflows and saving time. Sign up for the Future Forward webinar today.

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Cannabusiness Tax Liabilities and How to Navigate Filing

CPA Practice

By Samantha Schafer, CPA. Thinking that only dispensaries have to worry about taxes to their cannabusiness? Think again. Entrepreneurs, processors, and cultivators in the cannabis industry may be subject to taxation, and it’s important for them to understand the complexities around their tax implications. That’s because the taxation of enterprises that grow, process, and sell cannabis is far more complicated than a basic business filing.

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The Global State of Small Business Owner Wellbeing

Insightful Accountant

A new report by Xero shines a light on the fiscal and personal pressures of business ownership that entrepreneurs are feeling across seven countries in five continents.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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Augusta Rule Provides Tax Savings for Real Estate Rentals

CPA Practice

By Diana Crawford, CPA. Each spring, the blooming of the color-popping azaleas signals the time for arguably one of the greatest golf tournaments, the Masters. Augusta National Golf Course in Augusta, GA, is host to the first major golf tournament of each season in the first weekend in April. More impactful for tax advisors is that the history behind the tournament led to a section of the IRC code that provides for tax-free income for property owners across the U.S. throughout the year.

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New Law Launches Military Spouse Credit for Employers

CPA Practice

The tax law provides certain benefits to members of the military. For example, the Tax Cuts and Jobs Act (TCJA) suspended job-related moving expense deductions for taxpayers from 2018 through 2025, but not for military personnel on active duty. Now new legislation enacted at the end of last year, called SECURE 2.0, provides a tax benefit to qualified small businesses aiding military families.

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