Author: Raven A. Herron & Company
Time to check your withholding: a year-end tax reminder for high-income earners and gig workers
Year-end is fast approaching, and for high-income earners and gig workers, it’s the perfect time to review your tax withholding. This article will explain why this check is crucial and how it could potentially help you avoid a hefty tax bill.
Small Business Tax Credits And Deductions
If you’re a small business owner, this video will provide an overview of the tax credits and deductions available to you. From the Qualified Business Income deduction to the Disabled Access Credit, learn how to utilize these opportunities to reduce your tax liability.
Don’t fall for tax clickbait: how to spot dubious financial advice online
Think you can spot misleading tax advice online? You might be surprised. Discover how even savvy individuals can fall prey to dubious claims and learn the red flags to watch out for.
The home office deduction: myths and must-knows
The home office deduction offers a valuable tax break for the self-employed, freelancers, and independent contractors. Learn about the deduction and how it may reduce your tax liability.
Planning to downsize? Three tax considerations for retirees
Downsizing in retirement isn’t just about reducing living expenses—it can also be a strategic move toward financial security. Understand how your home’s appreciation impacts your taxes and discover strategies to reduce your tax burden.
Classroom costs and tax relief: understanding the educator expense deduction
Are you an educator seeking ways to maximize your tax savings? Discover how classroom costs can equate to tax relief in our latest article, providing clear insights for educators to save money.
Possible fed rate cuts ahead: 5 things to consider
With potential rate cuts looming, now might be the perfect time to rethink your financial strategy. Find out how to prepare for what’s ahead.
The Unseen Complexities of Lease Accounting
Discover the complexities of lease accounting and the crucial role of a professional CPA in navigating these challenges in this video. Learn about the new standards of ASC 842, how it’s changing how leases are recorded, and why it’s so important to get it right.
Accounts Payable Strategies and Best Practices
Efficient accounts payable management isn’t just about paying bills—it can directly impact your business’s financial health and growth. From digital tools for invoice processing to robust internal controls for fraud prevention, this article covers everything you need to know.
Recruiting tips for small businesses
Looking to build a winning team for your small business? Our new article offers practical tips for effective recruitment, ensuring you find the right fit for your company’s culture and vision. Click to learn more about enhancing your hiring process and securing the best talent.
IRS Releases Final Regulations on RMDs and the 10-Year Rule
The IRS released final regulations on required minimum distributions and the ten-year rule. This video provides an overview of the new regulations and how they may impact you or your heirs.
Back to school consumer outlooks
Boost your back-to-school sales by understanding the latest consumer trends and implementing effective strategies. This article explores strategies to align with changing consumer behaviors to drive profitability and optimize your sales season.
ERC Claims Under Scrutiny: Red Flags And Preparation
The IRS has resumed processing claims for the employee retention credit but with increased scrutiny. This video provides an overview of common red flags, such as overclaiming and incorrect reporting of wages, that are resulting in greater scrutiny. Learn about the red flags and what to do if your ERC claim may be erroneous.
The DOL expands overtime protections: key changes and implications
Discover how the Department of Labor’s recent expansion of overtime protections could impact your business. This article discusses the key changes and implications of the new regulations.
Introducing Our New, Modern Client Portal System!
We are thrilled to announce the launch of our new Client Portal system—Onvio Client Center! Client Center gives us an exciting step forward in how we connect, and collaborate with you. We’ve been working tirelessly behind the scenes to enhance your experience with our firm, and we’re excited to start reaching out to our existing clients. You can look forward to receiving your registration email soon!
IRS moves forward in Employee Retention Credit processing
The IRS is making significant strides in processing Employee Retention Credits. Gain a deeper understanding of these recent updates and their implications for your business. Stay ahead of the curve by reading our latest article.
Smart financial planning for college: a parent’s guide
Learn how to effectively plan and save for your child’s higher education. Understand student aid and family contributions, explore college savings plans, and discover how to increase your child’s chances of receiving merit-based scholarships.
Exciting Modern Innovations at Raven A. Herron & Company: Elevating Your Experience with Us!
Check out all the new and exciting things we are working on behind the scenes!
Understanding the Child and Dependent Care Credit
Are you a parent or caregiver? This video breaks down everything you need to know about the child and dependent care credit. Don’t miss this opportunity to reduce your tax bill!
Planning Ahead: How the End of TCJA Provisions Will Affect Your Taxes
Individual tax changes are coming by 2026, and preparation is key to staying ahead. This article offers a peek into the future of tax laws and how they could influence your finances. Don’t miss out on this chance to future-proof your tax strategy.
Raven A. Herron & Company Tax Alert: Corporate Transparency Act Filing Requirements Begin in 2024
Effective January 1, 2024, the Corporate Transparency Act (“CTA”, “Act”) was enacted as part of the National Defense Authorization Act. The CTA’s primary objective is to aid U.S. law enforcement agencies in combatting financial crimes, including money laundering, terrorism financing, and other illicit activity.
Plan Ahead for Changes to the Lifetime Gift & Estate Tax Exclusion
Are you prepared for the upcoming cut in the lifetime gift and estate tax exclusion? Learn how proactive planning can maximize your tax savings before exemption levels drop.
YouTube channels and blogs every small business owner should follow
As a small business owner, staying current on the latest trends, strategies and advice is essential. Luckily, the internet provides […]
Spruce up your space: 7 ways to decorate a rental home
Just because you live in a rental home doesn’t mean you can’t make it reflect your personal style. And while […]