Blog
What Payroll Checklist Steps Do Rockville, MD Business Owners Need to Complete for Clean Data?
Key TakeawaysFocus on data integrity. Ensure payroll wages, taxes, benefits, and GL postings are clean, consistent, and reconciled. Your tax...
Rockville, MD Small Business Holiday Expenses: What Can I Deduct On Taxes?
Key TakeawaysCompany-wide holiday parties for employees (categorized as Employee Recreation/Entertainment) are generally 100% deductible, but...
Can Rockville, MD Investors Use Losses To Lower Capital Gains Federal Tax?
Key TakeawaysYou can sell losing investments to realize a capital loss that offsets taxable gains. If your losses exceed gains, you can deduct...
Mary Salloom’s Perspective: What Are The Most Important Cybersecurity Measures for Small Businesses?
Key Takeaways Create a written data protection policy. Every employee should know the rules for handling sensitive data. Back up data...
Can End-Of-The-Year Giving Mean Tax Deductions For My Rockville, MD Business?
Key TakeawaysWhen your business gives back, make sure it’s documented correctly so your tax professional can secure any potential tax...
The Work Opportunity Tax Credit: Year-End Hiring Benefit for Rockville, MD Businesses
Key TakeawaysYes, the WOTC applies if you hire someone before December 31, 2025. You must submit IRS Form 8850 to your State Workforce...
Why Cash Flow Management Is Important At Year-End in Your Rockville, MD Business
Key Takeaways Profit doesn’t equal liquidity: You can look great on paper (i.e., profitable) and still run out of cash. Year-end cash flow...
What Year-End Moves Can Protect Rockville, MD Owners From Form W9 Mistakes?
Key TakeawaysKeep every contractor’s Form W9 on file before the first payment. If your contractor won’t give you a W9, follow the three-step...
Changing Your Business Entity Means Smarter Profits, Rockville, MD Owners
Quick Summary: Could Changing My Business Entity Mean Smarter Profits?If you’re a Sole Proprietor or single-member LLC, you’re likely paying a...