Blog

New Form 1099-K Rules for 2023

Clients that use third-party payment apps and online marketplaces for personal and business sales need to be aware that the reporting threshold for 2023 has been lowered to just $600, down from $20,000. The change was first enacted by the American Rescue Plan Act of 2021 for 2022, but implementation of

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The Importance of Understanding New Tax Laws

If there is anything as certain in business as paying taxes, it is that tax laws are constantly evolving. How a law impacts your business today could be entirely different than how it worked in the past, or how it will work next year. Some new laws create additional tax

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Times Have Changed, So Has Your CPA

Few professions invoke classic generalizations quite like a Certified Public Accountant. You know the ones. An exhausted number cruncher, frantically checking and rechecking figures as they sip black coffee from a white Styrofoam cup with one hand and type wildly into a 10-key with the other. Or the shy math

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Choosing the Right Entity Structure to Align with Your Goals

Deciding on an entity structure for your business starts with understanding that there is never one perfect choice. The right organizational form is the one that aligns best with your personal goals and business objectives. To determine how each structure will impact your business plans, consider the rules regarding limited

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Avoid 13 Common Business Start-Up Mistakes

Building a successful business from the ground up is never easy – but making one or more of the following critical errors can make your journey from start-up to exit significantly more challenging. Learn from the mistakes of others by avoiding these common missteps when starting a new business. 1.

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Working on Your Business, Not in It

Working hard to resolve real-time challenges in your business is just part of being an owner – but sometimes, concentrating your efforts in the wrong places can potentially hold your business back. Understanding the importance of working on your business, and not in it, will help you become a better

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