The gig economy is expanding, offering increased flexibility for workers but also unique tax responsibilities. In this article, we explore the essential tax considerations for gig workers, including filing requirements and available deductions. We also provide four actionable tips to help you successfully enter the gig economy. Whether you're just starting or looking to grow your gig work, these strategies can guide your success while ensuring you're meeting your tax obligations. Read the full article for expert advice and insights.

Tax-advantaged retirement plans are vital for reducing your tax burden and securing a comfortable retirement. This article explores the key differences between Defined Contribution Plans and Defined Benefit Plans, highlighting their benefits, contribution limits, and ideal use cases for business owners and high-income earners. Discover how to choose the right plan for your business and financial goals. Read the full article for a deeper dive into retirement planning strategies.

Lockbox services can accelerate payment processing and improve cash flow for businesses receiving large volumes of checks. This article breaks down the benefits, costs, and considerations of traditional and electronic lockbox systems. Learn how these services reduce postal float, save labor costs, and integrate payment data into your accounting system. Explore whether a lockbox solution could be right for your business.

Starting a business involves careful planning, especially regarding tax deductions. This article explains how expenses incurred before a business officially begins operations are treated under Sections 162 and 195 of the Internal Revenue Code. Learn about start-up costs, deduction limits, and compliance risks to avoid IRS complications. Read the full article for strategies to optimize tax outcomes.

Explore our insights shared at the California State University Auxiliary Organizations Association (AOA) conference held on January 12–14, 2025, at the Sheraton San Diego Hotel and Marina in San Diego, California. Our presentation, "Ahead of the Curve: Future Trends in Finance and Accounting for Higher Education – Auxiliary Operations," highlights key trends shaping the financial and operational landscape of U.S. higher education. Access our presentation and brochure to learn how auxiliary organizations can adapt and thrive amidst evolving challenges. Connect with our partners for more information on how we can support your institution’s goals.

The Republican-led government could implement sweeping tax law changes in 2025, extending key Tax Cuts and Jobs Act provisions while introducing new tax initiatives. This article highlights possible reforms to individual tax rates, deductions, and credits, along with the potential rollback of the Inflation Reduction Act. Stay ahead of these changes and explore how they could impact your tax planning. Read the full article for a detailed analysis.

A federal court recently struck down the U.S. Department of Labor's expanded overtime rule, which would have raised salary thresholds for exempt workers. This article discusses the ruling, implications for employers, and the decision-making process going forward. Employers who had already implemented changes may need to adjust their strategies while considering the impact on employee morale and compliance with state laws.