3 Tax Credits for Small Businesses

Inflation is currently impacting many businesses, forcing them to quickly adapt to a changing economic climate. Whether grappling with the continuously rising costs of supplies or navigating the impact of rising interest rates, businesses have a slew of concerns about their bottom line. For most businesses, tax credits offer a way to combat the effects

Tax Rules for Cash App Transactions

[2023 UPDATE: The IRS has delayed the implementation of the reporting threshold. Read more about the delay here.] Over the past two decades, the way we exchange money has changed significantly. Long gone are the days when writing checks, initiating wire transfers and paying with cash transactions were the primary mechanisms for conducting financial activity.

Are you Prepared for the New Gifts-In-Kind Reporting Rules?

New guidelines from the Financial Accounting Standards Board (FASB) govern how gifts in kind must be reported and valued by nonprofit organizations that follow Generally Accepted Accounting Principles (GAAP). The changes are effective for interim periods within annual periods beginning after June 15, 2022, and annual periods beginning after June 15, 2021. Here is what

ESG for Small Businesses

Environmental, social, and governance (ESG) criteria are becoming some of the more popular metrics for investors to predict the future success of companies they are considering for an investment. But how can your small business benefit from ESG practices? Essentially, ESG standards take into account the risks associated with companies that have undesirable environmental practices