The AB&P journal
Useful answers for the decisions owners make every week.
Clear guidance on the financial, payroll, and people questions that tend to become urgent when no one explains them early.
Community · 2 min read ·
Smart Financial Strategies for New Graduates: Budgeting, Saving, and Investing
Are you a recent graduate? Do you desire to understand financial concepts to make sure you step out on the right foot? When transitioning from a college budget to receiving your first post-graduation paychecks, it's e…
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Video · 2 min read ·
Mastering Cash Flow Management: Key Strategies for Business Success and Financial Stability
Effective cash flow management is crucial, ensuring a steady flow of funds to meet expenses, service obligations, and capitalize on growth opportunities. It involves analyzing, monitoring, and optimizing the inflow an…
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News · 1 min read ·
2025 HSA Contribution Limits and HDHP Adjustments: What You Need to Know
Starting in January 2025, the IRS will allow you to contribute more to your Health Savings Account (HSA) as part of its annual inflation adjustments. For individuals with self-only coverage under a high-deductible hea…
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Business · 2 min read ·
Understanding Sales Tax on Digital Products: A State-by-State Guide for Businesses
Navigating the complexities of digital goods taxability is essential for businesses. This blog highlights that tax rules vary widely across states regarding digital products such as ebooks, software, and streaming ser…
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Video · 2 min read ·
IRS Increases Standard Mileage Rate for 2025
Starting January 1, 2025, the IRS will implement a new standard mileage rate for business-related car use. This change is in response to rising vehicle operation costs and is intended to compensate for business travel…
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Community · 3 min read ·
What Is a Health Flexible Spending Account (HFSA)?
Answered by the HR Experts A Health Flexible Spending Account (HFSA) is a valuable employee benefit that allows individuals to set aside pre-tax dollars from their paycheck to cover eligible healthcare expenses. This…
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Business · 2 min read ·
Strategic Approaches to Optimizing Operational Expenses for Sustainable Growth
To optimize operational expenses (OpEx) while balancing growth and profitability, businesses should focus on strategic cost management. Key approaches include leveraging technology, engaging fractional talent, and pri…
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Video · 2 min read ·
Navigating the 2025 Tax Terrain Mastering Transfer Pricing, Global Tax Changes, and IRS Scrutiny
As a business owner, staying ahead of the ever-changing tax landscape is crucial for a successful 2025 tax year. The IRS is stepping up enforcement, particularly in transfer pricing for multinational enterprises (MNEs…
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Taxes · 3 min read ·
Understanding Tax Deductions: Standard vs. Itemized Deductions
When it comes to reducing your taxable income, choosing between the standard deduction and itemized deductions can have a significant impact on how much tax you owe. Let’s break down what each option means and how to…
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IRS · 1 min read ·
IRS Issues Interim Guidance on 401(k) Matching Contributions for Employee Student Loan Payments
The IRS has released interim guidance for sponsors of 401(k) and similar retirement plans who wish to offer matching contributions based on employees’ student loan payments. This is made possible by Section 110 of the…
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Taxes · 3 min read ·
Understanding Required Minimum Distributions (RMDs): What You Need to Know for 2024 and Beyond
If you’re nearing retirement or managing retirement accounts, understanding Required Minimum Distributions (RMDs) is essential. Recent updates, including changes from the SECURE 2.0 Act, have shifted the timeline and…
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Business · 2 min read ·
Essential Buy-Sell Agreements: Protecting Business Continuity and Ownership Interests
A buy-sell agreement is essential for smooth transitions and protecting ownership interests if your business has multiple owners. A well-structured buy-sell agreement can: Ensure liquidity in your ownership interest,…
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