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From the Blog

01.24.2022 07:14

Numerous tax limits affecting businesses have increased for 2022

Many tax limits that affect businesses are annually indexed for inflation, and a number of them have increased for 2022. Here’s a rundown of those that may be important to you and your business. Social Security tax The amount of...

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01.21.2022 03:13

3 specialized IT leadership positions for growing businesses

For many businesses, technology has changed from something they use to something they do. When a company reaches a point where IT plays a central role in operations and productivity, ownership might want to create one or more leadership positions...

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01.19.2022 03:20

3 specialized IT leadership positions for growing businesses

For many businesses, technology has changed from something they use to something they do. When a company reaches a point where IT plays a central role in operations and productivity, ownership might want to create one or more leadership positions...

Read more
01.14.2022 03:13

Businesses With Employees Who Receive Tips May Be Eligible For A Tax Credit

accounting company located just outside of chicago, illinois

Are you an employer with a business where tipping is customary for providing food and beverages? If so, you may qualify for a federal tax credit involving the Social Security and Medicare (FICA) taxes that you pay on your employees’...

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01.12.2022 03:20

Business Owners, Do You Need To Step Up Your Internal Communications Game?

internal communications for small businesses

They say we live in an on-demand world. Right now, many business owners are demanding one thing: more workers. Unfortunately, the labor market is somewhat less than forthcoming. In the so-called "Great Resignation" of 2021, droves of people voluntarily left...

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01.07.2022 03:14

Defer Tax With A Like-Kind Exchange

1031 Exchange tax writeoff

Do you want to sell commercial or investment real estate that has appreciated significantly? One way to defer a tax bill on the gain is with a Section 1031 “like-kind” exchange where you exchange the property rather than sell it....

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01.05.2022 03:20

Review Your Strategic Plan … And Look Ahead

business plan for 2022

Business owners, year end is officially here and it's time to start our business plan for 2022. It may even be over by the time you read this. (If so, Happy New Year!) In any case, the end of one...

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12.31.2021 03:13

Will The Standard Business Mileage Rate Go Up In 2022? Yes!

2022 mileage rate for businesses

After two years of no increases, the optional standard 2022 mileage rate used to calculate the deductible cost of operating an automobile for business will be going up by 2.5 cents per mile. The IRS recently announced that the cents-per-mile...

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