What is Innocent Spouse Relief?

Monthly Archives: January 2025

What is Innocent Spouse Relief?

The word “innocent” in innocent spouse relief can be misleading. It doesn’t imply you’re perfect or blameless – it’s more about whether you knew or should have known about the tax issue. The IRS defines “innocence” in a specific way, … Continue reading

Posted in Blog, Tax and Financial News |

Calculating the CAC Payback Period

The CAC Payback Period looks at how a business needs to recover its investment in attracting new customers. It is especially crucial for companies that are in industries with large marketing and sales costs. It’s an important metric because it … Continue reading

Posted in Blog, General Business News |

Tips for Tax Season

Whether you file your income tax return early or at the last minute, there are ways to simplify the process and reduce what you owe – or even increase your refund – before the deadline. Filing Simplification Tip Once you … Continue reading

Posted in Blog, Financial Planning |

7 Ways to Start 2025 with Fresh Finances

Here we are in yet another new year. The obligations and celebrations are over. Chances are, you’ve spent a fair amount over the holidays and might need a plan to help kickstart 2025 with some actionable financial goals. Here are … Continue reading

Posted in Blog, Tip of the Month |

Securing Client Data: The Importance of Encrypted Apps

The Salt Typhoon cyberattack is among recent cyberattacks that reaffirm the urgent need for robust data security measures. This attack targeted major telecommunications providers, compromising critical infrastructure and potentially exposing vast amounts of sensitive data. With cyberthreats becoming more sophisticated, … Continue reading

Posted in Blog, What's New in Technology |

National Security

Improving Federal Building Security Act of 2024 (S 3613) – The Federal Protective Service (FPS) contracts security guards to control access to government facilities and screen visitors to detect prohibited items, such as pepper spray and batons. Earlier this year, FPS … Continue reading

Posted in Blog, Congress at Work |

The Social Security Fairness Act of 2023: More Retirement Income for Teachers, Police, Firefighters & Gov. Workers

The Social Security Fairness Act of 2023, formally known as H.R. 82, aimed at ending two provisions in the Social Security system that affect public sector employees who have earned pensions from jobs not covered by Social Security. These provisions … Continue reading

Posted in Blog, Guest Article of the Month |

How Reporting Might be Less Complex in 2025

A Dec. 3 proposal from FASB’s Accounting Standards Update (ASU) might provide some flexibility for private businesses and select nonprofits. “Financial Instruments – Credit Losses (Topic 326)” looks at measuring credit losses for contract assets and accounts receivable for these … Continue reading

Posted in Accounting News, Blog |
 

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