Tax Preparation, Insurance, Payroll, Medicare and Business Advisement in Jamestown NY
Accurate bookkeeping is the cornerstone of a successful tax season. For small business owners, even minor errors in your accounting records can lead to significant issues—from misstated financial statements and unpaid bills to compliance … [Read more...] about 10 Common Accounting Errors to Avoid for a Smooth Tax Season
The IRS has resumed processing new Employee Retention Credit (ERC) claims after a nearly one-year pause. This moratorium, announced in September 2023, was intended to address the overwhelming number of improper claims submitted by businesses … [Read more...] about IRS Resumes Processing New Employee Retention Credit (ERC) Claims
Businesses formed before 2024 that are required to file Beneficial Ownership Information (BOI) reports with the Financial Crimes Enforcement Network (FinCEN) must meet the December 31 deadline. While a recent federal court decision in Arkansas has … [Read more...] about BOI Reports Must Be Filed by December 31: Who Must File?
New overtime rules are now in effect. Here's what you need to know about the new rules and how to make sure your business is in compliance. Background A few large businesses were moving hourly workers to salaried employees and then requiring … [Read more...] about New Employee Overtime Rules Now In Effect
Disposing of old electronics like TVs, cell phones, and computers can be challenging, but there are plenty of responsible options. Many of these items still hold value and can be traded, sold, or recycled. Here’s a guide to help you properly dispose … [Read more...] about How to Responsibly Dispose of Your Old Electronics
As of January 1, employers can now offer Pension-Linked Emergency Savings Accounts (PLESAs) to non-highly compensated employees. These short-term savings accounts, integrated within a defined contribution plan, allow eligible employees to withdraw … [Read more...] about Employers Can Now Offer Pension-Linked Emergency Savings Accounts
