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.
Video · 4 min read ·
12 Questions to ask yourself before starting a business in the New Year
As the new year approaches, many dream of starting a business. The idea of entrepreneurship is exciting, but it comes with challenges that require careful thought and preparation. If you are thinking of becoming an en…
Read article
Bookkeeping · 1 min read ·
QuickBooks Contractor Portal Migration: Moving from QuickBooks Self-Employed to QuickBooks Money
Are you a self-employed freelance worker who received a 1099 through the Quickbooks contractor portal? This month, the Contractor Portal experience will migrate from QuickBooks Self-Employed (QBSE) to QuickBooks Money…
Read article
IRS · 2 min read ·
2024 Elections Could Impact IRS Funding
In 2022, the IRS received $80 billion in multi-year funding under the Inflation Reduction Act (IRA), but $20 billion has since been clawed back. Now that we know the outcome of the November 2024 election, this funding…
Read article
Video · 2 min read ·
Department of Labor’s Tip Credit Rule Overturned: Nationwide Impact for Employers
A significant ruling has shaken up the landscape for hospitality employers across the U.S. In Restaurant Law Center v. U.S. Department of Labor . The U.S. Court of Appeals for the Fifth Circuit invalidated a Departmen…
Read article
Community · 3 min read ·
Resources for Those Affected by the California Wildfires
The California wildfires have caused immense devastation, and understandably, this crisis is impacting businesses, families, and individuals across the state. Whether you are facing challenges in continuing your busin…
Read article
Taxes · 1 min read ·
IRS to Make Direct File Permanent for 2025 Tax Season
For taxpayers seeking a simpler, no-cost way to file their federal tax returns, the IRS is making a significant move. After a successful pilot program, Direct File will become a permanent option starting in the 2025 t…
Read article
Taxes · 3 min read ·
Trump’s Return: What His Tax Proposals Could Mean for Americans and the Economy
As Donald Trump prepares to assume the presidency once again, we can anticipate renewed attempts to extend and expand provisions from his 2017 Tax Cuts and Jobs Act (TCJA). This landmark legislation, a signature achie…
Read article
Video · 2 min read ·
Contractor Portal Migration: Moving from QuickBooks Self-Employed to QuickBooks Money
Are you a self-employed freelance worker who received a 1099 through the Quickbooks contractor portal? This month, the Contractor Portal experience migrated from QuickBooks Self-Employed (QBSE) to QuickBooks Money. Th…
Read article
Community · 2 min read ·
Maximizing the Child and Dependent Care Credit: A Tax-Saving Guide for Families and Caregivers
Raising children is a joy, but it can be expensive. Fortunately, the Child and Dependent Care Credit is designed to help offset some of those costs. This credit isn’t just for parents of young children—it may also app…
Read article
Taxes · 3 min read ·
Understanding Schedule C: A Tax Guide for the Self-Employed
Self-employment offers many benefits, but it also brings additional tax responsibilities. One of the key forms you’ll need to file as a sole proprietor or single-member LLC is Schedule C, which reports your business’s…
Read article
Video · 2 min read ·
SECURE 2.0 Act: Impacts on W-2 Reporting
The IRS reminds businesses that changes from the SECURE 2.0 Act will affect how Forms W-2 (including W-2AS, W-2GU, and W-2VI) are completed. These changes reflect new provisions related to employer retirement plans, w…
Read article
Video · 2 min read ·
Fifth Circuit Reinstates Corporate Transparency Act Reporting Deadline January 1 2025
Hello, everyone. I wanted to take a moment to update you on some recent developments regarding the Corporate Transparency Act, or CTA, and the reporting requirements for Beneficial Ownership Information, or BOI. I was…
Read article
Ready when you are
Ready for the books to feel lighter?
Start with a simple conversation. We’ll learn what you need and decide together whether we’re the right fit.
Start a conversation