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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.

IRS · 2 min read ·

IRS Warns that Tax Refunds May Be Smaller

The IRS recently announced that taxpayers may notice a smaller tax refund beginning in 2023 compared to the last two years. This is primarily due to the lack of government financial support in 2022. In the previous ye…

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Business · 2 min read ·

It Takes A Lot of Effort to Launch a Business

In 2021, we saw the number of new small businesses hit a record high and that trend continued into 2022. According to SCORE, an organization that provides mentors to business owners, new small-business applications ha…

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News · 2 min read ·

States Fight Against Tax Cut Ban

Many states have been challenging the American Rescue Plan Act of 2021 (ARPA) due to its provisions violating basic principles of the Constitution. ARPA was signed into law by President Biden on March 11, 2021. The le…

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IRS · 2 min read ·

IRS Issued CTC and EIP Letters

If you are an advanced Child Tax Credit recipient, you most likely received a previously issued Letter 6419. The Internal Revenue Service mailed out letters to the recipients of the Advance Child Tax Credit as well as…

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Business · 2 min read ·

How to Leverage Tax Breaks to Improve Employee Well-being

Are you interested in finding ways to offer more benefits to your employees? If this is you, consider leveraging the Tax Code to enhance your staffs’ well-being. As many companies have transitioned to a hybrid work-fr…

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Payroll · 3 min read ·

3 Solutions to Todays Payroll Challenges

As we continue to work in a challenging business landscape, it is important to provide your payroll department with extra resources to help them to continue to be efficient and organized due to the obstacles they are…

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Business · 3 min read ·

Developing a Strong Brand Identity

There are many small business owners that believe branding is all about choosing the best logo and pictures in order to get customers. However, this is not the case. Branding isn’t about just choosing a good color pal…

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Business · 2 min read ·

2023 Minimum Wage Increases

If you are a small business owner with staff in multiple states, you know that it can be a difficult task to stay up to date with numerous minimum wage rate changes. Nearly half of our country increased minimum wages…

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Community · 3 min read ·

Turning Lights Off Isn’t a Money-Saving Strategy

If you are trying to save money in this economy, you may have considered monitoring your electricity usage. You have probably heard someone say in the past that turning off your lights will help you save some extra mo…

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Sales tax · 2 min read ·

Treasury Expediting New Electric Car and Energy Tax Credit

The Treasury is currently seeking input from the public about how to create regulations that will oversee the new energy tax benefits. These benefits will include a $7,500 consumer tax credit for purchasing an approve…

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Business · 3 min read ·

Top 6 Financing Moves for Business Owners

If you are looking to improve your cash flow and want to set up your business’ future for success, it is time to take advantage of financing opportunities that are available to you. Here are six moves you can make to…

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Taxes · 4 min read ·

How Your State of Residency Affects Estate Taxes

Estate planning is never an exciting topic, but it is crucial to set up your loved ones for success. If you would like to create the best estate plan for your future, it is essential that you first have an understandi…

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