Understanding the Tax Relief for American Families and Workers Act of 2024 The Tax Relief for American Families and Workers Act of 2024, once passed, will symbolize a legislative victory for taxpayers, especially small business owners and professionals, and deserves a detailed look due to its retroactive provisions and potential to affect the upcoming tax …
Read More...A new year brings new opportunities and challenges, particularly for business owners aiming to streamline their financial management. In the fast-paced business world, effective management of finances is not just a necessity but a cornerstone of success. Here are essential tips for leveraging QuickBooks and other accounting software to enhance financial oversight and operational efficiency …
Read More...Ohio’s Commercial Activity Tax (CAT) will undergo significant changes in 2024 and 2025, representing a substantial shift in the state’s approach to business taxation, with far-reaching implications for Ohio residents and the business community. The commercial activity tax (CAT) is an annual tax imposed on the privilege of doing business in Ohio, measured by gross …
Read More...Owning a business is an exciting journey filled with highs and lows. Establishing a clear, profit-driven strategy is one key factor that can tilt the scales toward success. The recent tax court case, Gregory v. Commissioner, highlighted how blurring the lines between hobbies and genuine business ventures can have significant financial implications. Not only did …
Read More...The IRS has released the updated tax brackets, deductions, and credits for the 2023 tax year. While tax filing for this year won’t happen until early 2024, it’s important to pay attention to your tax rate. Strategizing now can help minimize your tax liability and maximize your income potential. Here are the updated numbers for …
Read More...The Internal Revenue Service will raise the optional standard mileage rate for the final six months of 2022 to help offset the rise in gas prices nationwide. The new rates to calculate the deductible costs of operating an automobile for business and certain other purposes become effective July 1, 2022, and will remain in place …
Read More...Nonprofits, like any organization, must protect themselves from fraud. While fraud in the nonprofit sector isn’t as prevalent as in for-profit entities — comprising just 9% of fraud cases according to the Association for Certified Fraud Examiner’s 2020 Report to the Nations – the results can be devastating because nonprofits usually have fewer resources to …
Read More...Payne Nickles has accepted the challenge to become a Second Harvest Hunger Hero and help raise food and funds to improve the lives of children & families in our communities. The pandemic has changed the lives of so many individuals. Payne Nickles & Company is changing our usual holiday-time donation request this year. We are …
Read More...
Home
Sign In
Make a Payment
Search