Using QuickBooks to prepare 2024 budgets and forecasts
Planning the short & long-term future of your business? QB has analytical tools to help answer questions on profitability & cash flow needs.
top of page
Outlook
News, views, and ideas shaping the future.
Lydia Ritze
- 6 days ago
- 2 min
Overview of the offsetting rules
Derivatives & other arrangements can help your business hedge against financial risks. How should these be presented on financial statements
Charlie Halcomb
- 6 days ago
- 2 min
Some businesses may have an easier path to financial statements
Business owners: The accuracy of your financial statements is critical, but you have various options for how a CPA can evaluate them.
Stu Collopy
- Nov 21
- 2 min
Are you ready for year-end inventory counts?
For many businesses, a significant amount of working capital is tied up in inventory. Here are some essentials for year-end.
Linden Bumpass
- Nov 21
- 2 min
Accounting for M&As
Here’s an overview of M&A accounting rules to help minimize the guesswork (and rework) related to purchase price allocations.
Nathan Oswald
- Nov 20
- 3 min
What businesses can expect from a DOL benefits plan audit
Business owners: If your company offers a health plan or retirement plan that must comply with ERISA, you could be audited.
Mike Hawkins
- Nov 17
- 4 min
5 strategies to cut your company’s 2023 tax bill
Making time for year-end tax planning time now may prove beneficial come tax-filing time next year.
Bailey Crane
- Nov 15
- 3 min
11 Exceptions to the 10% penalty tax on early IRA withdrawals
If you need cash, you may want to tap your traditional IRA. But if you’re not yet 59½, you may have to pay a penalty tax if you do.
Avleen Marwah
- Nov 14
- 5 min
The 2024 cost-of-living adjustment numbers have been released: How do they affect your year-end tax
Take these 2024 cost-of-living adjustments into consideration as you work on your year-end tax planning.
Janie Evans
- Nov 13
- 3 min
A cost segregation study may cut taxes and boost cash flow
Ever heard of a cost segregation study? Here’s how it can help accelerate depreciation deductions on the building that houses your enterpris
Brian Stautberg
- Nov 9
- 4 min
Take action now to reduce your 2023 income tax bill
Concerned about your 2023 tax liability? Consider these year-end tax planning strategies.
Michelle Grant
- Nov 7
- 3 min
Choosing a business entity: Which way to go?
Choosing the best entity for your business is a multi-faceted decision. Here’s a look at the some of the considerations.
Victoria Ma
- Oct 31
- 3 min
New per diem business travel rates kicked in on October 1
The IRS recently announced the special “per diem” rates that became effective Oct. 1, 2023. Here are the basics of these rates.
Mike Hawkins
- Oct 24
- 2 min
Facing a future emergency? Two new tax provisions may soon provide relief
Starting next year, employers with certain retirement plans can allow staff to contribute to pension-linked emergency savings accounts.
Rose Wilson
- Oct 23
- 2 min
The Social Security wage base for employees and self-employed people is increasing in 2024
Certain business owners & some of their employees don’t have to pay SS tax on all their wages. The SSA has announced the 2024 wage base.
Jason Wolfe
- Oct 23
- 2 min
Tips for a faster month-end close
Closing the books at month end is a dreaded chore at many companies. Here’s how to simplify the process at your company.
Greg Popovich
- Oct 17
- 2 min
Are scholarships tax-free or taxable?
If your child is fortunate enough to get a scholarship, is the amount taxable income? For some, yes, but there’s good news for most families
Chris Collins
- Oct 17
- 2 min
Business automobiles: How the tax depreciation rules work
Complex calculations are involved in claiming depreciation deductions for business use of a passenger automobile. Here are the basic rules.
Mary Pat Brady
- Oct 11
- 3 min
A refresher on the trust fund recovery penalty for business owners and executives
Business owners, their leadership teams and even advisors may be held liable under the trust fund recovery penalty rules. Here’s a review.
Jamie Applegate
- Oct 10
- 2 min
The tax implications of renting out a vacation home
If you rent your vacation home for less than 15 days during a year, there’s a special tax break. Here are the rules for vacation rentals.
bottom of page