by ABIP | Sep 1, 2023 | Business, News, Newsletter, Taxes
Does your business have multiple owners? If so, you need a buy-sell agreement. This type of binding contract determines how (and at what price) ownership shares of a privately held business will change hands should an owner depart. There are also potential tax...
by ABIP | Aug 10, 2023 | Accounting, Business, Newsletter, Taxes
The rise of “ERTC Mills” has caused widespread confusion and increased the potential for fraud. These entities exploit the system, intensifying the risk of deception. While these mills charge for basic clerical duties, their agreements often specify that...
by ABIP | Aug 1, 2023 | Accounting, Business, Individuals, News, Newsletter, Taxes
If you’re self-employed and use your car, SUV or other vehicle for business, you can deduct certain business-related vehicle expenses. Depending on the cost of operating the vehicle or how much you drive it, as well as how much of your use of the vehicle is for...
by ABIP | Jul 7, 2023 | Accounting, Business, News, Newsletter, Taxes
At some point, most small business owners will visit a bank or other lending institution to borrow money. Understanding what your bank wants and how to approach it properly can mean the difference between getting a loan for expansion or scrambling to find cash from...
by ABIP | Jun 13, 2023 | Business, Fraud, News
A recent cyber incident involving the City of Oakland serves as a poignant example of the potential consequences of inadequate cyber liability coverage. The incident significantly disrupted critical city services, leading to substantial downtime and financial losses....
by ABIP | Jun 9, 2023 | Accounting, Business, Individuals, News, Newsletter, Taxes
Many businesses hire part-time or full-time workers, especially in the summer. The IRS classifies these employees as seasonal workers, defined as employees performing labor or services on a seasonal basis (i.e., six months or less). Examples of this kind of work...
