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New 401(k) Contribution Limits go into Effect for 2023
The steady increase in the cost of living and inflation across the U.S. has impacted virtually every aspect of the economy. Luckily, your 401(k) may
The Most Common IRS Penalties and How to Avoid Them
Businesses spend a vast amount of time and resources planning and designing ways to save on their tax bills. Yet, they often overlook one of
Five Ways AI Will Likely Impact the Construction Industry
Artificial intelligence has already begun to change an industry notorious for being slow to accept change. Over the next decade the construction industry is likely
Making Sense of Nonemployee Compensation Reporting: What you should know going into the 2023 tax year
In addition to their full-time employees, many businesses seek the services of independent contractors to supplement their workforce. While outsourcing skills and services is a
2023 Tax Avoidance Schemes Targeting Closely Held Businesses
The IRS has to update its Dirty Dozen list each year because tax scams are always changing. There are always bad actors eager to take
On-Site: Summer 2023
Along with just about everything else, labor costs are on the rise in the con- struction industry. This makes it more important than ever to accurately estimate such costs when bidding on new projects. If you’re not properly calculating and incorporating labor burden rate — essentially, the indirect costs of having workers — you may very well be selling yourself short.
New EV Tax Credit Goes into Effect in 2024
Electric vehicle (EV) tax credits have historically been one of the most substantial federal initiatives available to American consumers, and thanks to a new clean
Three Things Credit Unions Can Consider in Light of Recent Fed Rates
The Federal Reserve’s 2023 strategy to combat record inflation in the United States was largely marked by a parade of federal funds rate hikes and
Securing Your Legacy: Succession Planning for Optimal Transactional Value Webinar Recap
The same principles that build and strengthen a business in the present increase the odds of a profitable exit. That’s why business succession planning is a continuous process; not something to begin when the founder is preparing to leave the business.
Dealership Year-End Review and Clean-up – It’s not too Late!
The first couple weeks of January can be a blur from the time you step back in the dealership after New Year’s Day to the
Maine LD 1891: Boosting Economic Growth through Pass-Through Entity Tax and Child Care Tax Credit
Maine’s LD 1891, a legislative initiative aimed at enhancing economic growth, introduces key measures focused on pass-through entity taxation and child care support. This comprehensive