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ProfitSense

Justin Lewis, CPAMarch 26, 20243 min read

ACE Act Unveiled: Transforming Charity Landscape

The Accelerating Charitable Efforts Act was introduced in 2021 as a ...
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Sheryl GradyMarch 26, 20244 min read

Embracing the Power of Accounts Payable Automation

Managing cash flow is a vital part of running a business. It can also ...
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Meena Mohan, CPAFebruary 28, 20243 min read

IRS ERC Moratorium & Voluntary Disclosure Program: Key Steps to Take

The Employee Retention Credit (ERC) was a refundable tax credit ...
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Cindy TorresFebruary 28, 20243 min read

Unlocking the Benefits of the New Markets Tax Credit for Nonprofits

The New Markets Tax Credit (NMTC) was established in 2000. The credit ...
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LGT StaffFebruary 28, 20244 min read

Stay Audit-Ready: Top 6 Documents You Should Keep for the IRS

The IRS will audit a tax return for many reasons, including bad luck. ...
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Yolanda Szabo, CPAJanuary 26, 20244 min read

Key 2024 Federal Tax Law Changes Manufacturers Need to Know

The manufacturing industry will face several changes in federal tax ...
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Alec EllisJanuary 25, 20244 min read

Building Security: Unmasking the Cyber 'Villains' in Construction!

Thinking about the industries that are most at risk for cyberattacks, ...
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Kim Huynh, CPAJanuary 25, 20243 min read

Reporting Payments to Independent Contractors: Forms 1099-NEC & 1042-S

For businesses working with independent contractors, understanding ...
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Matt Dobay, CPA, MAccDecember 27, 2023< 1 min read

Beneficial Ownership Reporting: What You Need to Know Before 2024

Beginning January 1, 2024, companies will need to report their ...
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David Ovesen, CPADecember 21, 20232 min read

Benefit Plan Audit Overhaul: What You Need to Know

Recent changes by the U.S. Department of Labor (“DOL”) have redefined ...
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