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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.

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…

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Video · 3 min read ·

6 Key Strategies for Year-End Accounts Receivable Management

Are you an employer who invoices customers and receives payment at a later date? You may want to review your accounts receivable and make changes if the balance is higher than you’d like, especially if amounts are pas…

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Video · 3 min read ·

Important Updates to California Employment Law Effective January 1, 2025

Starting January 1, 2025, several key changes to California employment laws will take effect. If you have any California employees, these updates apply to your business, regardless of size, unless otherwise specified.…

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Video · 1 min read ·

Mastering Productivity: Escaping Common Traps as a Sole Proprietor

Running your own business comes with immense freedom, but it also brings the challenge of staying productive without anyone else keeping you on track. Learning to recognize and overcome common productivity traps can m…

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News · 2 min read ·

Federal Court Overturns Wage Increase: What Employers Need to Know

On November 15, 2024, a federal court in Texas ruled that the Department of Labor had exceeded its authority with the latest rule increasing the minimum salary for exempt employees. This decision completely invalidate…

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Video · 2 min read ·

Balancing Transactional and Transformational Growth

Are you struggling to balance sustaining your business today and innovating for tomorrow? Discover the 'Transformation Triangle' for aligning transactional and transformational growth and stay ahead in this fast-chang…

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Business · 3 min read ·

IRS Highlights New Red Flags for Employee Retention Credit Claims: What Businesses Should Know

The IRS has identified two new red flags in Employee Retention Credit (ERC) claims: businesses double-dipping on wage claims (like using wages for both the ERC and Paycheck Protection Program forgiveness) and claiming…

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News · 2 min read ·

Smart Financial Strategies for New Graduates

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 college to receiving your first post-graduation paychecks, it's essential…

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News · 2 min read ·

Strategic Ways for Small Businesses to Save Money on Office Space and Related Expenses

As an entrepreneur, there are savvy strategies you can use to trim expenses and enhance efficiency. Whether preparing for a seasonal slowdown or gearing up for increased activity, these cost-saving measures can make a…

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News · 3 min read ·

Advantages of Outsourcing Bookkeeping

Are you an entrepreneur who is attempting to keep up with your bookkeeping while trying to do everything else required to operate your company? Do you work long hours hoping to get everything accomplished and you know…

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Taxes · 3 min read ·

Why Tax Day Doesn't Need to Be Stressful

Since we are past the original filing due date of March 15 for certain entities and April 15 for individuals and C Corporations, you have either filed your return or requested an extension. With the filing deadline fo…

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Video · 4 min read ·

Trustees as Beneficial Owners

Are you a trustee required to report on Beneficial Ownership under the Corporate Transparency Act? There has been some confusion with some thinking only those with at least 25% ownership must be listed when filing the…

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