For business owners, especially small businesses, managing accounting and bookkeeping is vital. For this, it’s essential to stay ahead of the latest trends today. To remain familiar with finances, you have keen know-how of accounting and bookkeeping software, handling, and...

Many small businesses are primarily concerned with paying bills, receiving payments, recording transactions, ensuring payroll accuracy, and complying with state and federal regulations. At some point, a business crosses a threshold and begins to place more emphasis on the need...

Hiring companies that provide bookkeeping and accounting services is preferred by many organizations. But what are the other options available? How can you reduce these costs? Well, you don't need to worry about that. In this blog, we’ll discuss how...

Business owners are always very busy people. They have several tasks that they have to organize daily. All of this responsibility can affect a business, especially when the business owner is trying to take care of the bookkeeping on his...

Accounting, bookkeeping, auditing, and tax preparation are essential to track expenses and manage the business’ financial aspects. Without proper record-keeping procedures, it can lead to higher business expenses. Here we will discuss some essential aspects to help you analyze the...

New Markets Tax Credit (NMTC) COVID-19 Tax Relief in New Markets Tax Credit Transactions; The Internal Revenue Service (IRS) and the U.S. Department of the Treasury provide tax relief to investors, taxpayers and businesses for new markets tax credit transactions….

IRS Outlines Changes to Health Care; New Rules for Health Care Spending Under CARES Act; The Internal Revenue Service (IRS) has advised that new rules should provide flexibility for health care spending under the CARES Act for COVID-19. As per…

Economic Impact Payments Belong To Recipients; The Internal Revenue Service (IRS) instructs nursing homes and other medical-care facilities not to request for Economic Impact Payments. As per the details, the IRS says that Economic Impact Payments belong to the recipients,…

Regulations for health care arrangements; The Internal Revenue Service (IRS) issues proposed regulations that address direct primary care (DPC) arrangements and health care sharing ministry memberships (HCSM). As per the details, individuals can get assistance related to the treatment of…

IRS Interest Rates Decreased of Third Quarter; The Internal Revenue Service (IRS) announced its taxpayers in United States that the interest rates will decrease for the third quarter of the year 2020. It means that for the calendar quarter beginning…