2023, the IRS has implemented a revamped tax credit for electric vehicles. While this isn’t entirely new—formerly known as the Plug-In Electric Drive Motor Vehicle Credit—the IRS has rebranded it as the Clean Vehicle Tax Credit under the Inflation Reduction…
If Hurricane Helene has impacted your business, there’s crucial news from the IRS. On October 1, 2024, they issued Notice 2024-253, extending tax filing and payment deadlines to May 1, 2025, for areas affected by Hurricane Helene, as designated by…
In the world of business, success is rarely an accident. It stems from strategic planning, meticulous execution, and the cultivation of good habits. For entrepreneurs, owners, and CEOs, building a disciplined approach to financial management can mean the difference between…
In a landmark decision, the U.S. District Court for the Northern District of Texas recently rejected the Federal Trade Commission’s (FTC) noncompete ban, casting uncertainty on the future of such agreements in the workplace. This ruling has significant implications for…
In the high-stakes world of entrepreneurship, resilience and grit are not just desirable traits—they are essential. Recently, I came across an illuminating book by Erik Barker titled “A Navy SEAL explains 8 secrets to grit and resilience.” This piece resonates…
Navigating the financial landscape of any size business can be challenging. Knowing when to bring in a Fractional CFO can set you up for success and ensure your company’s financial health. Here’s a guide to help you identify the right…
Engaging a fractional CFO can be a game-changer for small business owners, startup founders, managing members, and CEOs. A fractional CFO brings expert financial management without the cost of a full-time executive. However, to make the most of this partnership,…
Maintaining compliance with tax laws and regulations is a critical responsibility for any organization. Among the many requirements that businesses must adhere to is the 1099 compliance. A 1099 is a tax document that is issued to non-employees, such as…
Google’s CEO Sundar Pichai recently published a blog post discussing the company’s reorganization to focus on artificial intelligence. While he doesn’t specifically address the recent firing of employees, Pichai highlights the importance of preserving a culture of open discussion while…
The balance sheet and the income statement are significant financial documents, each offering unique insights into an organization’s financial status. Some consider the balance sheet more critical as it provides a comprehensive view of a company’s financial standing. In contrast,…