(authored by RSM US LLP) Explore the tax implications of debt cancellation across different entities with our introductory guide on CODI. […]
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Death and taxes: Critical opportunities for nonprofits
(authored by RSM US LLP) With the American population aging, postmortem contributions are critical opportunities for nonprofits to receive charitable contributions […]
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New retirement plan distribution options introduced by SECURE 2.0
(authored by RSM US LLP) SECURE 2.0 provides new opportunities for plan participants to take retirement distributions without incurring early withdrawal penalties. […]
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Is your payroll process accurate, secure and compliant?
(authored by RSM US LLP) A payroll process review can support risk mitigation, data accuracy and security, and improve efficiency so it can better support your business. […]
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Valuable tax break when applying the research credit against payroll taxes
The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to certain eligible small businesses. Claiming the credit involves complex calculations, which we’ll take care of for you. Be aware that there are two additional features that are especially favorable to small businesses: […]
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Could outsourcing payroll be a good choice for your business?
(authored by RSM US LLP) Outsourcing payroll, also known as managed payroll, can decrease risk, increase accuracy, protect sensitive data and improve business continuity. […]
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What to do when you unexpectedly need payroll coverage
(authored by RSM US LLP) Unexpected turnover can threaten payroll continuity. Learn how your organization can leverage temporary payroll emergency response support. […]
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U.S. spending and inflation improve above expectations
(authored by RSM US LLP) Spending rose by 0.8% on the month, compared with the forecast of 0.5%, while the personal consumption expenditures index-an inflation measure closely watched by the Federal Reserve—came in at 0.3% for both the overall and core readings, compared with the 0.4% forecast for overall inflation. […]
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Pamela Byrd, PHR, SHRM-CP, joins Thomas Howell Ferguson P.A. CPAs (THF) as the People Champion, Human Resources Director
Thomas Howell Ferguson P.A. CPAs (THF) or “the Firm,” a leading accounting firm, welcomes Pamela (Pam) Byrd, PHR, SHRM-CP, as the Thomas Howell Ferguson P.A. CPAs (THF) People Champion, Human Resources Director. Pam joins THF with nearly 20 years of experience in human resources (HR). Her most recent experience includes serving as the Human Resource […]
Thomas Howell Ferguson P.A. CPAs (THF) welcomes Tax Services Senior Manager Yun (Fong) Yan, CPA and Client Accounting Services Manager Christine (Chris) Sawchyn to the firm
Thomas Howell Ferguson P.A. CPAs (THF) or “the Firm,” a leading accounting firm, welcomes Tax Services Senior Manager Yun (Fong) Yan, CPA and Client Accounting Services (CAS) Manager Christine (Chris) Sawchyn to the Tallahassee office location. Fong Yan, CPA, joined the firm with over 20 years of experience in C and S corporations, partnerships, and […]
Credits and incentives available to retirement plan sponsors
(authored by RSM US LLP) Employers with less than 100 employees who have recently adopted or are considering a retirement plan have a tax savings opportunity. […]
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Are you ready for USDA’s new organic certification requirements?
(authored by RSM US LLP) To improve traceability and detect and protect organic integrity across the supply chain, the United States Department of Agriculture created the National Organic Program (NOP) Strengthening Organic Enforcement (SOE) rule, which will become effective on March 19, 2024. […]
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Incurred cost submission best practices for government contractors
(authored by RSM US LLP) Federal government contractors need to prepare the incurred cost submission (ICS). Learn best practices for preparing this important document. […]
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Thomas Howell Ferguson P.A. CPAs (THF) Wins ClearlyRated’s 2024 Best of Accounting Award For Service Excellence
Thomas Howell Ferguson P.A. CPAs (THF), a leading accounting firm, announced today that they have won the Best of Accounting Award for providing superior service to their clients. ClearlyRated’s Best of Accounting® Award winners have proven to be industry leaders in service quality based entirely on ratings provided by their clients. On average, clients of […]
Key 2024 inflation-adjusted tax parameters for small businesses and their owners
The IRS recently announced various inflation-adjusted federal income tax amounts. Here’s a rundown of the amounts that are most likely to affect small businesses and their owners. Rates and brackets When discussing the inflation-adjusted tax amounts, let’s first begin with rates and brackets. If you run your business as a sole proprietorship or pass-through business […]
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Retirement plan audit and contribution considerations
(authored by RSM US LLP) The evolving retirement plan landscape opens opportunities for companies to review employee compensation packages and consider changes to their plans. […]
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What’s the best accounting method route for business tax purposes?
What’s the best accounting method? Businesses have two accounting methods to figure their taxable income: cash and accrual. Many businesses have a choice of which method to use for tax purposes. The cash method often provides significant tax benefits for eligible businesses, though some may be better off using the accrual method. Thus, it may […]
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Remote workforces are complicating state tax nexus and withholding
(authored by RSM US LLP) As businesses increase the use of remote workforces, nexus and withholding determinations can greatly complicate state tax compliance. […]
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The workers and workplaces of the future
(authored by RSM US LLP) How companies are adapting hiring practices and workforce strategies, given the shrinking U.S. labor force, according to the U.S. Chamber of Commerce. […]
Compensation and benefits planning can help you navigate an aging workforce
(authored by RSM US LLP) Considerations for structuring compensation and benefit plans that help companies minimize the costs and risks of retiring workers. […]
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Employees still expect broad array of benefits, but to a lesser degree
(authored by RSM US LLP) Employees expect a broad array of benefits, but decreasing expectations may reflect a labor market shift. […]
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Choosing a business entity: Which way to go?
If you’re planning to start a business or thinking about changing your business entity, you need to determine what will work best for you. Should you operate as a C corporation or a pass-through entity such as a sole-proprietorship, partnership, limited liability company (LLC) or S corporation? There are many issues to consider. Currently, the corporate federal […]
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2024 Q1 tax calendar: Key deadlines for businesses and other employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2024. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. If you have questions about filing requirements, contact us. We can ensure you’re meeting all applicable deadlines. January […]
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IRS releases guidance on Roth catch-up contributions under SECURE 2.0
(authored by RSM US LLP) Notice 2023-62 provides an administrative transition period for Roth catch-up contributions to high-income individuals. […]
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