April

How do you measure how robust your business is? One of the key ways is by looking at financial ratios, which can be grouped into four categories. Liquidity — Your business’s ability to remain liquid so you can meet your short-term liabilities. How much of a cash cushion do you have each accounting period? How much…

Nobody likes dealing with the IRS, but if you have to do it, it’s nice to have an expert in your corner. That’s why you have the right to retain an authorized representative of your choice to represent you in your dealings with the IRS. It’s one of the fundamental rights of all taxpayers as…

The IRS says, “All taxpayers should review their federal withholding each year to make sure they’re not having too little or too much tax withheld.” However, employees may not be aware of the IRS’ suggestion, which is why employers should tell them about it. Why employees should review their withholding If they have too little…

With a series of recent changes, and some possible future modifications, many are confused about the withdrawal rules on retirement accounts. To start with, the SECURE (Setting Every Community Up for Retirement Enhancement) Act, which became law on Dec. 20, 2019, made major changes to the required minimum distribution rules. If you reached the age…