How Much Will Small Businesses Pay in Taxes in 2022?
Small Business Tax Rates for 2022 Explained The I.R.S. recently announced a new tax rule for small business owners related to the 2021 American Rescue Plan Act. And as a result, any payment your business receives from a digital service or third party that accepts...
What Are the Four Major Business Growth Strategies?
Business Growth Strategies: Boost Your Profitability & Improve Your Business’s Long-Term Value Every business faces the existential threat of competitors. Many small businesses don’t make it to the ten-year mark. For this reason, you have to be strategic from the...
Income Tax Brackets for 2021-2022
Income Tax Brackets—How is Your Income Tax Calculated? The United States operates under a progressive tax system that imposes a higher tax rate on taxpayers who have higher incomes. Generally, you’ll pay more tax as you move up the pay scale, which is accomplished by...
How a Business Advisory Benefits Your Business Development Strategy
Business Development Strategy: Boost Your Performance & Optimize Your Processes Having a business development strategy is critical to the growth and success of your business. It’s a process that ensures everyone in your company is working toward a common...
Why You Need a Business Advisory Plan with a Trusted Advisor
5 Reasons You Need a Business Advisory Plan A business advisory plan is key in a dynamic business environment. Regulations and technology change much faster, creating new opportunities and challenges. Today, global competition continues to increase, forcing business...
What to Expect from 2022 Tax Returns
IRS Announces Inflation-adjusted Rates for 2022 Tax Returns The IRS announced new rates for 2022 tax returns. These rates have increased due to inflation, which was higher in 2021. The new rates will become effective starting January 2022. So, you’ll need to take the...
How FMA CPA Will Assist Independent Contractors with Tax Planning
Independent Contractor Taxes: A Guide on How to Pay Your Taxes With an evergreen tax code that measures thousands of pages long, it’s understandable if you’re unsure of what’s expected of you regarding independent contractor taxes. Being an independent contractor...
Understanding Your Profitability Analysis
Profitability Analysis—An Overview Plan for What’s Next Profitability analysis is a business essential. While this may sound obvious at first, the nuances of generating profit transcend what you see on your financial statements and balance sheets. Running a profitable...
