The year of 2023 is shaping up to be a rough one for small and midsize businesses. Borrowing costs are at 13-year highs, demand is slowing along with the economy and now they'll pay more in taxes.

Higher taxes come compliments of re...

Ask any business owner to name their most trusted adviser, and they usually mention their accountant. They assume their CPAs will accurately file their companies' tax paperwork on time, as well as develop a business tax plan with strategies to...

If you're one of the millions of small business owners considering retirement within the next few years, think twice before agreeing to any early, unplanned sale. You could be leaving millions of dollars on the table.

There are tax...

Come January 3, a new Congress will convene in Washington, DC, setting the stage for potential tax changes that could impact small and medium-sized businesses. With that in mind, it's important for businesses to engage in certain tax planning str...

Employee turnover is almost always costly for organizations, but it's rare that hiring new staff can hurt clients and raise their costs. The exception? The Internal Revenue Service.

The agency, which lost thousands of employees to...

The big corporate tax increase from Washington may be aimed at giants such as Amazon and Bank of America, but the regulatory burden will also fall significantly on many smaller companies with overseas operations.

Businesses that have...

There's no way to sugarcoat this: Small and midsize businesses should be scared to death about the consequences of the Inflation Reduction Act. Unless they provide goods and services to the green energy industry, the law's unforeseen conseque...

Five years after Congress created the Opportunity Zone (OZ) program as a way to channel investment dollars into needy areas, Congress is set to amend the program so that it functions more in line with its original intent.

This could b...

There's been no shortage of handwringing about the prospect of tax increases over the course of the past year. Worried about potential tax changes, some business owners pushed ahead with sales or other liquidity events, while investors raced to b...

The global minimum tax (GMT) agreement signed by more than 136 countries late last year marks a sea change in the taxation of international businesses. And, contrary to headlines, it's not just the big fish of the corporate world who need be co...

You hear it everywhere: U.S. corporations don't pay their fair share of taxes. They've hollowed out domestic industry by moving to cheaper, more tax-friendly countries. Whether or not you believe this narrative, it's built on criticism that...

Calling it a deluge would be an understatement. When Congress passed the Tax Cuts and Jobs Act of 2017, clients inundated their accounting firms with queries, wanting to know precisely how the tax law changes would affect their businesses and, mo...

It's been one of the most tumultuous, uncertain years in modern history, and yet - at least in my line of work - we now have some form of certainty just in time for tax season.

With Democrats owning a voting majority in Congress...

Before the election, President-elect Joe Biden said he'd look to axe one of small businesses' most valuable tax benefits. With Democrats taking Senate control, the risk is potentially heightened.

Fortunately, for those who own com...