4 Year-End Tax Planning Ideas for Your Small Business

September 12, 2022

Now that summer is over, it’s a good time to think about taking steps that may help lower your small business taxes for this year and next. Year-end tax planning strategies may include the standard year-end approach of deferring income and accelerating deductions to minimize taxes, which will likely produce the best results for most…

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Leadership training

Buchbinder’s Leadership Training Program

September 9, 2022

Buchbinder recently held a session of the firm’s Leadership Training Program with Jeremy Wortman, Ph.D. He has developed a curriculum that inspires business professionals to become stronger ethical decision-makers. He works with teams in determining talent management strategies, building leadership talent, implementing solutions, and coaching individual leaders. Buchbinder is committed to investing in the development…

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Congratulations to Our 2022 MSU Scholarship Winner

August 31, 2022

Ramzi El Far was awarded Buchbinder’s annual scholarship this year. He is a grad student in the Master of Accounting program at Montclair State University. We were honored to have him join us for the day today in our Little Falls, NJ office. He got to know several of our staff and spent the majority…

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Phishing attacks

Cybersecurity Risks: An Important Part of Your Auditor’s Risk Assessment

August 25, 2022

As businesses and nonprofits increasingly rely on technology, cyberthreats are becoming more sophisticated and aggressive. Auditors must factor these threats into their cybersecurity risk assessments. They can also help you draft cybersecurity disclosures and brainstorm ways to mitigate your risk of an attack. Increasing cybersecurity risks How much does a data breach cost? The average…

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inflation reduction act

What You Need To Know About the Inflation Reduction Act

August 24, 2022

President Biden signed the Inflation Reduction Act (the Act) into law on August 16, 2022, a wide-ranging $740 billion health care, tax, and climate bill. The Act contains many tax breaks and raises revenue through a new minimum tax on large, profitable corporations and an excise tax on stock buybacks. It’s intended to reduce the…

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IRS tax guidance

Interest Rates for Q4 2022

August 17, 2022

The Internal Revenue Service announced that interest rates will increase for the calendar quarter beginning October 1, 2022. For individuals, the rate for overpayments and underpayments will be 6% per year, compounded daily, up from 5% for the quarter that began on July 1. Here is a complete list of the new rates: 6% for…

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