News & Insights
Stay informed with the latest insights, analysis, and guidance from EHTC's team of accounting, tax, and advisory professionals.
Navigating Standard vs. Itemized Deductions: A Thoughtful Consideration
As we approach tax season, it's understandable that the process can become a source of stress! Life changes prompt us to reevaluate our financial strategies, and it might be the opportune moment to contemplate the shift away from opting for the standard deduction and towards itemizing your deductions. Here’s how to get started!
Corporate Transparency Act (CTA) — Beneficial Ownership Information Reporting
Starting in 2024, the Corporate Transparency Act (“CTA”) mandates certain entities (primarily small and medium-size businesses) created in or registered to do business in the United States report information about their beneficial owners—the individuals who ultimately own or control a company—to the Financial Crimes Enforcement Network (“FinCEN”).
Advisory Principles: How to Level-Up Your Professional Career
Growing your professional career can feel overwhelming at times, especially as you try to grow your network and business connections. EHTC Advisory Services Partner, Ryan McCaslin, shares his best advice for making the most of your career and your relationships.
Accountant or CPA: Who Do You Need to Hire and When?
Perhaps you’re looking into tackling your own accounting needs, or maybe you have a friend that can get into your company’s books on the weekend.
Both options may see viable and accessible, but both will likely lead you to more questions, concerns, and missed opportunities.
As Your Wealth Grows, Think Beyond Your Balance Sheet
Acquiring wealth is the first step in building a family wealth enterprise, but only just the beginning. Having access to information that helps you manage the complexities of that wealth and avoid future costly mistakes is critical to long-term success.
What is Financial Due Diligence and Quality of Earnings?
The term “due diligence” is one that’s tossed around in a number of business sectors, and can even be heard in everyday, casual conversations. When making a big decision, one might ask: “Have you done your due diligence?” In the simplest of definitions, it’s the careful assessment of the pros and cons of a transaction.
Debunking the Myths: An Accounting Firm’s Culture and the Truth about Accountants
When people think of accountants and finance professionals, they often conjure up images of serious, number-crunching individuals buried in stacks of paperwork, devoid of any fun or excitement. However, at EHTC, we believe in shattering these stereotypes and fostering a vibrant culture that challenges these misconceptions head-on.
Responding to Stressful Times using Creative Approaches
No matter how you look at the future, your business is likely to face stresses and opportunities unlike what you have encountered in the past. Threats of a meaningful recession, supply chain disruptions, and challenging talent issues increasing interest rates are just a few of the main players. As a result, your business may not be positioned to respond to these factors, much less capitalize on them.
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