Insights

Vasquez + Company LLP at BDO Alliance USA EVOLVE Conference 2025 Tradeshow!

Explore the strategic advantages and potential pitfalls of hiring freelancers in the growing gig economy. Discover how to navigate the complexities of worker classification to ensure compliance with federal and state regulations, avoiding costly missteps that can disrupt your business operations.

Budgeting is often seen as restrictive, but when done correctly, it becomes a strategic tool for business growth and sustainability. This article explores how a well-structured budget highlights financial opportunities, helps anticipate cash flow challenges, and guides decision-making. Dive in to learn how budgeting can transform from a constraint into a powerful asset for your organization.

Discover the key to maximizing your tax savings by understanding how different interest expenses qualify for deductions. From navigating the nuances of mortgage and investment interests to managing business debts and student loans, this article equips you with the essentials to categorize interest correctly and leverage potential tax breaks effectively. Dive into these insights and ensure you make the most of your financial landscape amidst shifting interest rates.

In today’s digital age, password spraying poses a significant threat to organizations by exploiting common, easy-to-guess passwords. Learn how to fortify your defenses with strong password policies, multi-factor authentication, and other vital strategies to protect your business from these stealthy attacks. Discover how proactive measures can prevent severe financial and reputational damage.

Explore the significant federal tax changes coming in 2025 that can give your business a competitive edge. From hiring incentives to mandatory retirement auto-enrollment, and precautions against business identity theft, staying informed is key. Discover how these developments could shape your tax strategy and position your organization for success.

Avoiding an IRS audit is a concern for many taxpayers, and understanding common mistakes can help minimize that risk. This article explores eight prevalent errors, from overlooking income sources to misrepresenting deductions, and provides practical tips for maintaining thorough documentation and sound tax practices. Dive in to safeguard your tax returns and ensure you remain on the IRS’s good side.

Discover how scammers are exploiting the Financial Crimes Enforcement Network’s (FinCEN) authority to deceive individuals and businesses. This article explores the complexities of FinCEN-related fraud schemes and provides crucial strategies to protect yourself from impersonation scams and deceptive BOI reporting tactics. Stay informed and safeguard your financial interests by delving deeper into these pressing issues.

For shareholders in closely held corporations, stock redemption serves strategic purposes like facilitating ownership transitions and offering liquidity. With potential tax changes looming post-2025, understanding the nuances between corporate distribution and stock sale treatment is crucial. Engage with advisors now to optimize outcomes and capitalize on historically low tax rates.

Navigating the intricacies of self-employment taxes can be daunting, especially when it comes to correctly classifying income. A recent U.S. Tax Court case highlights the potential pitfalls and penalties of misclassification, emphasizing the importance of proper tax reporting for freelancers and small business owners. Discover key distinctions, common errors, and best practices to protect yourself from costly mistakes.