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,…
The IRS has recently released the optional standard mileage rates for 2024. These rates are used to determine deductible costs when using a vehicle for business, charity, medical, or moving purposes. The rates are applicable to a wide range of…
The Department of Labor’s (DOL) recent release of its final overtime rule has grabbed headlines for its sizable impact on millions of American workers. The changes enforce minimum earnings that are the bedrock of fair labor practices, yet the scope…
President Biden’s recent campaign stop at a Sheetz convenience store ended in an unexpected twist. While sipping on his cup of coffee and chatting with employees and customers, little did he know that Sheetz had something else brewing in the…
As of January 1, 2024, the U.S. government will mandate most businesses to disclose additional details about individuals who exert direct or indirect control over the company. This involves revealing information about owners, officers, and key operators. This change stems…
There are two main approaches to budgeting: driver-based budgeting (DBB) and zero-based budgeting (ZBB), both of which are known for improving FP&A processes. Each method has its own advantages and is suitable for different industries, depending on their specific characteristics…
Q: What is the value of obtaining a valuation for Financial Planning For all business owners, a must have – understanding the value of their business plays a major role in determining whether they’ll reach their personal financial goals, should…
Virtual CFO services refer to financial management and advisory services that are offered remotely, rather than in-person. This type of service is becoming increasingly popular as businesses look for ways to reduce costs and increase efficiency. One of the main…