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How Do Tariffs Work? What Businesses Need to Know

The current administration has recently introduced a series of tariffs targeting key imports from 90 countries, sparking widespread discussion about the effects of tariffs on the U.S. economy. These...

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Mar 31, 2025

ESOP Accounting: Key Insights for Business Owners

An Employee Stock Ownership Plan (ESOP) is a unique way for business owners to share company ownership with their employees. But while ESOPs offer many advantages, the accounting side of things can...

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Feb 06, 2025

2025 Financial Planning Outlook: What Businesses and High-Net-Worth Individuals Should Know

This is shaping up to be a year of change, and smart financial planning in 2025 is the best way to stay ahead. With the economy in flux, potential tax law updates, and shifting market trends,...

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Oct 16, 2024

Understanding Budget Variance: Common Causes and How to Prevent Them in Your Business

Picture this: You've meticulously crafted your business budget, confident that you've accounted for every penny. Fast forward a few months, and you're staring at your financial reports in disbelief,...

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Oct 11, 2024

Disaster Strikes: How Businesses Can Benefit from IRS Tax Relief

In the wake of a disaster, much work needs to be done to deal with the fallout. Property might be damaged, important documents might have gone missing, and normal day-to-day operations have come to a...

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Oct 04, 2024

Tax-Smart Philanthropy: Maximizing Charitable Donations Tax Deductions

As a business owner or high-net-worth individual, supporting your community or causes that you care about may be a priority — and you're not alone. Giving has increased by more than 15% for out of 6...

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Jun 07, 2024

Tax-Smart Business Investments: Maximizing Returns and Minimizing Liabilities

Investing wisely is key to any business's growth and success. But beyond picking the right investments, understanding their tax implications is crucial. By making tax-smart investments, you can...

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Feb 29, 2024

Employee vs. Contractor: Understanding the Tax Implications for Your Business

Understanding the tax implications of employing workers as either contractors or employees is crucial for any business owner. While both types of workers serve your business's needs, the way you...

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Jan 30, 2024

Estate Planning for Business Owners: Tax Implications

Estate planning for business owners goes beyond mere will drafting—it's a pivotal element in the broader narrative of financial and legacy planning. Think of it as a key move in safeguarding your...

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Dec 15, 2023

Building Your Business, One Gingerbread Cookie at a Time

This festive season, as you immerse yourself in the joy of baking gingerbread cookies, remember that growing your business is much like crafting the perfect batch of treats. It requires patience,...

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