by Sal Schibell | Nov 7, 2024 | Business Advice
Qualifying as a small business can offer significant advantages under the U.S. Small Business Administration (SBA). Attaining small business status opens doors to exclusive opportunities, including lucrative reserved federal contracts. In 2023, small businesses were...
by Sal Schibell | Nov 7, 2024 | Accounting News
The Corporate Transparency Act (CTA) of 2021 was enacted to increase transparency in business ownership and prevent illegal activities like money laundering and tax evasion. Starting January 1, 2024, entities must report beneficial ownership information (BOI) to the...
by Sal Schibell | May 1, 2024 | Podcasts/Videos
Selling a business involves meticulous planning and strategic actions long before the “For Sale” sign goes up. Accountants play a pivotal role in helping clients with initiatives that can significantly boost their company’s value over several years. Sal...
by Sal Schibell | Jan 4, 2023 | News
IRS Delays Implementation of $600 Reporting Threshold for Third-Party Payment Platforms’ Forms 1099-K The IRS announced a delay in reporting thresholds for third-party settlement organizations (TPSOs) set to take effect for the upcoming tax filing season. TPSOs will...
by Sal Schibell | Jan 2, 2023 | News
Tax Alert: Business Mileage Rate Increases for 2023 The IRS issued the optional standard mileage rates for calculating the deductible costs of operating a car for 2023. Starting January 1, 2023, the rates for using a car, van, pickup, or panel truck will be: 65.5...
