Navigating Worker Classification: The Critical Difference Between Employees and Independent Contractors

Category Archives: Blog

Navigating Worker Classification: The Critical Difference Between Employees and Independent Contractors

Running a small business often means working with a mix of people: some full-time staff, part-time helpers, seasonal workers or project-based contractors. While this flexibility helps manage costs and workload, it creates a crucial decision point that many business owners … Continue reading

Posted in Blog, Tax and Financial News |

Examining Differences Between Liquidity And Solvency

Liquidity looks at how well a company can handle paying wages, inventory, and lending repayments via measuring its cash or quasi-cash levels. Put another way, it looks at the health of a company’s cash flow to satisfy short-term financial obligations. … Continue reading

Posted in Blog, General Business News |

Job Shopping: What’s New in Company Benefits

If you are in the market for a new job or are interested in extracting more value from your current one, consider some of the newer trends in company benefits. The following is a primer on what might be available … Continue reading

Posted in Blog, Financial Planning |

6 Reasons for Mid-Year Tax Planning

Right smack dab in the middle of summer might seem like the worst time to think about your taxes, but it’s actually the perfect time. Here’s what taking a pause in July allows you to do. Get Organized Do you … Continue reading

Posted in Blog, Tip of the Month |

Addressing the Digital Divide within the Workforce

The rapid pace of technological change, particularly the integration of artificial intelligence (AI) in daily workflows, is reshaping the global economy and the nature of work. Today’s digital divide is no longer limited to internet access in underserved communities. The … Continue reading

Posted in Blog, What's New in Technology |

Preventing AI Deepfakes, Deterring Fentanyl and Foreign Aggression, and Strengthening Small Businesses

HALT Fentanyl Act (S 331) – On Jan. 30, Sen. Bill Cassidy (R-LA) introduced this bipartisan act in order to close a loophole that allowed clandestine drug manufacturers to evade illegal drug laws by altering the chemical composition of fentanyl. … Continue reading

Posted in Blog, Congress at Work |

Dissecting Working Capital

Working capital is the difference between a business’ current assets and liabilities. Negative working capital can happen when a business’ current assets are below its current liabilities. Therefore, working Capital = Accounts Receivable + Inventory – Accounts Payable. It’s a … Continue reading

Posted in Accounting News, Blog |

Why AI Falls Short for U.S. Tax Guidance

The rise of artificial intelligence tools like ChatGPT and Grok has transformed how Americans seek information. From meal planning to complex financial questions, these platforms offer instant answers to virtually any query. But when it comes to U.S. tax advice … Continue reading

Posted in Blog, Tax and Financial News |

Understanding the Goodwill to Assets Ratio

The goodwill to assets ratio measures how much of a company’s total assets come from goodwill – an intangible asset like brand value or customer loyalty – and it plays a role in assessing the company’s overall value. It provides … Continue reading

Posted in Blog, General Business News |

Responsibilities of Being the Executor of a Will

The appointed executor of a will is the person responsible for paying the debts and taxes of the will’s owner once he dies and then distributing what is left in the estate to named beneficiaries according to instructions of the … Continue reading

Posted in Blog, Financial Planning |
 

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