Is now the time for your small business to launch a retirement plan?

Many small businesses start out as “lean enterprises,” with costs kept to a minimum to lower risks and maximize cash flow. But there comes a point in the evolution of many companies — particularly in a tight job market — when investing money in employee benefits becomes advisable, if not downright mandatory. Is now the…
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Is your side gig a hobby or a business?

The IRS has delayed implementation of the new $600 1099-K requirements. Originally set to take place this tax season, the IRS will now push it back to next year. This will impact all 2023 activity, so you should be aware as we start the year how this could impact you. The new $600 threshold for…
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Relief for Recipients of COVID Funds

In an effort to reduce the burden of obtaining a full single audit or a program-specific audit by the recipients of Coronavirus State and Local Fiscal Recovery Funds (CSLFRF), the U.S. Department of Treasury has provided a less demanding alternative to the single audit of federal awards. Instead of requiring a single audit or a…
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