IRS Increases Standard Mileage Rate for Business Use in 2025
The IRS has raised the standard mileage rate for business use by 3 cents, bringing it to 70 cents per mile for 2025. Other mileage rates remain unchanged from 2024. […]
Category: Articles
Protect Your Business from BEC Fraud
Business Email Compromise (BEC) has become one of the most costly cybercrimes today. The FBI’s Internet Crime Complaint Center (IC3) reports that between October 2013 and December 2023, organizations suffered […]
Is Your Manufacturing Company’s Budget Realistic?
As you begin planning your manufacturing company’s 2025 budget, it’s essential to create a comprehensive and realistic financial plan. A well-structured budget helps identify potential cash shortages, production capacity limitations, […]
Lower Business Taxes with Local Transportation Cost Deductions
Understanding how to claim deductions for transportation costs can help lower your small business’s tax burden. Each year, you and your employees likely incur various local transportation expenses that carry […]
How HSAs Benefit Small Businesses and their Employees
As a small business owner, controlling healthcare expenses for both yourself and your employees can be tough. One effective strategy to consider is a Health Savings Account (HSA). HSAs provide […]
Nationwide Injunction Pauses BOI CTA Requirements
UPDATE: A Texas federal court issued a nationwide injunction temporarily halting the enforcement of the Corporate Transparency Act’s (CTA) beneficial ownership reporting requirements. This decision comes as a relief for […]
Understand the Risks before Outsourcing to Contractors
During busy periods, such as the holidays, businesses often outsource to third-party contractors to handle additional workloads. This approach can be a cost-effective way to meet customer demand without committing […]
National Tax Security Awareness Week 2024
Are online retailers keeping your information secure? According to a recent survey by IT company VikingCloud, 52% of retailers feel more vulnerable to cyber threats during this time of year. […]
HW&Co. Named the Best Accounting Firm in Ohio for the Fifth Consecutive Year
HW&Co. has been named the Best Accounting Firm in Ohio for 2024 by Ohio Business Magazine. This marks the fifth consecutive year that HW&Co. has received this prestigious recognition. This […]
When Can You Deduct Business Meals and Entertainment?
If you’re unsure about the current federal tax rules for business meals and entertainment expenses, you’re not alone. The rules have evolved in recent years. Here’s a breakdown of what’s […]
Protect Your Nonprofit from Holiday Fraud
The busy year-end giving season, coupled with holiday absences, can leave your nonprofit vulnerable to fraud. This risk increases if you rely on more volunteers during this time, host special […]
Can You Trust Your Job Candidates? Uncovering Resume Fraud
In today’s competitive job market, applicants often feel pressure to make their resumes stand out. For some, this means embellishing the truth or even outright falsification of their qualifications, experience, […]
