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Can You Take That Sweet 20 Percent Business Tax Deduction?

The Tax Cuts and Jobs Act passed in late 2017 brought a host of changes to the US tax code. The change that inspired the biggest buzz and perhaps the most confusion is the new 20 percent deduction of Qualified Business Income (QBI) for specified passthrough companies. Government contractors – along with their tax advisors – have been poring over the updated tax code ever since in an attempt to determine whether they can take advantage of this significant tax break.

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Coffee cup next to a napkin that says "the same old thinking --> the same old results"

Thinking Strategically When There’s a Lot to Do

It’s human nature to grow overwhelmed and stressed during a busy period at work. While diving blindly into a project with little preparation may seem like the most feasible way to check items off your to-do list, this often fails to pay off in the long run. Instead, try thinking strategically about your goals and how you will achieve them practically. This approach may take more time in the immediate sense, but tackling your goals this way can save you hours down the road.

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Government building with American flag

Here’s What It Takes to Become a Federal Government Contractor

Do you dream of landing contracts with the federal government? Becoming a qualified federal government contractor requires your business to complete a number of steps and meet specific standards that don’t apply to other types of work. For many small businesses, this additional effort pays off with new contracts and added revenue. If you’re ready to open the govcon door, here’s what you need to know.

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Paper fish cutout with "username" and "password" written on it, on a hook in front of a fishing net

Deter Hackers by Learning to Recognize Phishing Attempts

Cybercrime is a growing threat to businesses and individuals today. From ransomware like the WannaCry cryptoworm that spread rapidly in 2017 to more localized attacks that expose private data, these crimes cost American businesses billions of dollars each year and can pose an existential threat to smaller companies.

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Couple talking to a family office employee

Is a Family Office Right for You?

While the idea of a family office has been around for quite some time, you might assume it’s a service more appropriate for the Bezos and Buffet families than yours. That was true in earlier years, but more and more families are discovering that a family office can prove useful for households that are merely well-off rather than truly wealthy.

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Tidy Up Those Files: Here’s What You Need to Keep in 2019 (And Every Year)

“Where is that important document? I’m pretty sure we kept it…” If this sounds all too familiar, you’re not alone. Most organizations struggle with the burden of maintaining all the critical documents they will need to file taxes or complete an audit. And, of course, wondering whether or not you should hold on to a particular record only adds to the difficulty. The new year has just begun, so now is a perfect time to finally get those files in order. This time, though, you’ll have the advantage of knowing exactly what you need to keep.

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Clipboard with a business plan on top of a stack of charts

Right From the Start: Choosing the Best Entity Structure for Your New Business

You’ve decided to start a business. Congratulations! Now all you need to do is serve your customers and begin raking in the profits, right? Think again, because becoming a business owner entails numerous responsibilities and decisions. One of your first tasks is deciding which type of business structure you want for your new company.

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Cars in a sunny parking lot

IRS Interim Guidance for TCJA Tax-Exempt Parking Expenses

The sweeping Tax Cuts and Jobs Act of 2017 (TCJA) included a number of changes that affect tax-exempt organizations, including tax treatment of fringe benefits related to transportation and parking expenses. As a result of the updated tax code, many nonprofits could face an increase in unrelated business taxable income (UBTI). Some organizations that until now were not required to file Form 990-T, Exempt Organization Business Income Tax Return, will have to add the form to their mandated reporting.

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Conceptual business illustration with the words professional employer organization

Pros and Cons of Using a PEO

Is your business considering a professional employer organization (PEO)? There’s a lot of buzz about this outsourced human resource solution as it becomes more common for organizations of all sizes and across industries. But is using a PEO truly worthwhile? Like most outsourcing options, it comes with advantages and disadvantages. Here are some of the biggest pros and cons to keep in mind as you weigh the potential merits of a PEO.

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