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 · 3 min read ·
How to Determine a Reasonable Compensation
Are you an officer of a corporation and need to know what the IRS considers reasonable compensation? It is important to note that reasonable compensation doesn’t apply to partnerships or sole proprietorships because t…
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Business · 3 min read ·
Is It Time To Review Your Employee Handbook?
Every employer should have an employee handbook available to their staff. No matter the size of business, handbooks are an essential workplace tool that helps guide philosophy and show employees what's expected of the…
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Business · 3 min read ·
Contracts for a Growing Business
As a small business owner, you most likely have your mind wrapped around the basics of contracts. However, as your business grows, you will find that so does the complexity of deals and agreements. As your business tr…
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Business · 3 min read ·
Workflow Issues and Solutions
There are times businesses take workflows for granted, but it’s important to understand that workflows are not static and what works for one organization may not work for you. Additionally, if you use an application o…
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News · 3 min read ·
2022 FUTA Credit Reduction
Are you an employer that noticed a higher federal unemployment tax payment (known as FUTA) in January 2023 for your 2022 payroll taxes? Do you wonder why you had to make this payment (especially if you had paid your F…
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News · 3 min read ·
How COVID has Impacted the Audit Process
The pandemic has impacted how many individuals conduct their business. For example, remote work has continued to be popular among companies and will most likely continue long-term due to COVID-19. Similarly, it has be…
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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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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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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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News · 2 min read ·
Labor Market Remains Resilient
Although the Federal Reserve has attempted to slow the economy to get a handle on inflation, the unemployment rate actually declined in September. It was forecasted that the unemployment rate would be 3.7%, however, f…
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IRS · 2 min read ·
IRS Appeals Revises Initial Contact Letters
After receiving feedback from taxpayers and practitioners, the IRS Independent Office of Appeals has made updates to their initial contact letters. Previous contact letters that were received were difficult for taxpay…
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Business · 4 min read ·
Supporting Your Employees’ Financial Wellbeing
If you would like a more robust workforce that helps the success of your business, it may be time to consider ways that you as the business owner can help better support your employees. A healthier workforce means tha…
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