For parents wishing to optimize their educational savings plans, the convergence of two powerful investment vehicles — the 529 plan and the Roth IRA — presents a tremendous opportunity for long-term financial planning. While traditionally viewed as separate entities,...
Unlocking the Potential of Your Educational Savings: Transferring 529 Funds to a Roth IRA
For parents wishing to optimize their educational savings plans, the convergence of two powerful investment vehicles —...
Steps to Take if You’re the Victim of ID Theft: A Guide for Small Business Owners
In the digital age, the threat of identity theft looms over businesses of all sizes, especially small business owners...
Tax Strategies for Selling Your Business in PA
Selling a business can be one of the most significant financial events in a small business owner's life, and the tax...
Top 5 Ways to Improve Your Business Accounting in 2024
Running your own business means staying on top of your finances. If you struggle with managing your business...
Beneficial Ownership Information (BOI) Reporting in 2023: Navigating the Corporate Transparency Act
The Corporate Transparency Act (CTA) was recently signed into law as part of the National Defense Act for Fiscal Year...
Year-End Tax Strategies for Charitable Donations: How Small Business Owners Can Maximize Tax Benefits
As the year comes to an end, small business owners are looking at ways to optimize their tax benefits and save on...
Understanding EV Tax Credit for 2023 and Beyond
As we head towards a greener and more sustainable future while combating climate change, electric vehicles are...
Entrepreneurs’ guide to starting a business with the right accounting infrastructure
Starting a business can be an exciting and daunting endeavor. Accounting is one of the most important aspects of any...
Top 10 Tax Write-Offs for Independent Contractors
As an independent contractor, the ability to claim tax write-offs is one of your most significant financial...
The Hidden Ingredient: Unveiling the Importance of Cost Reporting for Restaurant Businesses
As a restaurant owner, your top priority is to provide top-notch food and service to your customers. You are...
Staying tax compliant with a hybrid work strategy
With the recent COVID-19 pandemic, many small business owners are embracing the hybrid work strategy of having...
5 Ways Small Business Owners Can Reduce Their Tax Bill
Tax season can be a time of dread for small business owners, especially those who have not established a tax planning...
The Future of AI Accounting
As a business owner, one cannot ignore the strides artificial intelligence (AI) has taken in the field of accounting....