No tax on tips and overtime: What employers should know
RSM explains how the One Big Beautiful Bill Act proposals to not tax tips and overtime could affect employers. Learn more.
Category: Uncategorized
Why your accounting firm should process your payroll
Payroll processing is a critical but time-consuming function for any business. While companies can process payroll in-house, outsourcing the function to your accounting firm can reduce risk, increase efficiency and provide much-needed peace of mind.
Unlocking Opportunities in a Shifting Economy
Economic upheaval doesn’t just bring challenges – it opens the door for businesses that are willing to adapt. Now is the time to rethink your operations and uncover new opportunities for growth.
When a Growing Business Needs More Than a Bookkeeper
Has your business outgrown basic bookkeeping? If you’re facing bigger decisions, more complexity, or uncertainty about your financial future, it may be time to consider whether you need more strategic financial support than a bookkeeper can provide.
Improving your cash flow
Cash flow management is critical for any business or organization, especially those in growth mode. If your business has ongoing cash flow issues or if you suddenly find yourself short of cash, there are steps you can take to assess and improve the situation.
Fed maintains rates but signals risk of stagflation
The Federal Open Market Committee held its policy rate steady in a range between 4.25% and 4.5% on Wednesday. But the Fed updated its policy statement in which it highlighted the risk of stagflation because of the significant shift in U.S. trade policy.
When saying “no” to an inheritance might make sense
Most people spend time planning how to leave an inheritance—but far fewer consider when it might be smarter to decline one. In some cases, accepting assets can create unintended tax burdens or complicate long-term wealth planning. This article explores why, when, and how disclaiming an inheritance could be a strategic financial move.
Tariffs and trade wars: how businesses can adapt and manage costs
Explore how global tariffs and trade changes can impact your business and learn strategies for successful adaptation. Discover practical tips on cost management in our latest article.
Avoid tax surprises: set up proper withholding now
Think your tax refund is just “extra money”? It might actually be a sign that your withholding is off, and that the IRS has been holding your money all year. This quick read breaks down how to fix that now, so you’re not stuck with a surprise bill (or a missed opportunity) next April.
Tax obligations for household employees
Hiring household help, such as nannies or housekeepers, brings convenience but also labels you as an employer with specific tax duties. This guide will walk you through your responsibilities, from classifying workers correctly to navigating Social Security and unemployment taxes, ensuring a compliant and rewarding experience for both you and your employees.