Insights & Resources
Insights
Driven by personal passions, Abdo professionals dive deep into their individual areas of expertise and distill their knowledge to keep you fully informed.
Can you deduct student loan interest on your tax return?
The student loan payment pause ended on August 31st. Be aware that interest is deductible for some borrowers subject to certain limits. Check out these rules around deduction.
Strong billing processes are critical to healthy cash flow
Cash flow is the lifeblood of a successful company, and your billing processes have a huge impact on it. Here’s how to maintain strong practices and ensure healthy cash flow.
Streamlining onboarding compliance: Introducing the revised Form I-9
On August 1, 2023, The USCIS announced the publication of the revised Form I-9 which aims at enhancing user-friendliness and compliance efficiency.
Has your nonprofit had a change of location or identity?
To avoid IRS consequences and keep your tax-exempt status, it’s important for nonprofits to file Form 8822-B when changing location or identity.
3 Big inventory issues for construction companies
Construction businesses can save time and avoid hassle by maintaining an inventory of critical materials and supplies. But managing that inventory for tax purposes can be challenging.
Abdo Accelerate: Investing in people and our future
Now in its eleventh year, Abdo Accelerate has evolved into a summer-long experience that officially kicked off in early May.
That email or text from the IRS: It’s a scam!
The IRS will never contact you by email, text or social media channels about a tax bill or refund. Most IRS contacts are first made through regular mail. Be on guard for any suspicious messages as IRS scams are on the rise.
In financial planning, forecasts and projections aren’t the same
No business owner has a fully functional crystal ball. But a carefully created forecast or projection can help you better prepare for the future.
Employers Need to Reevaluate Drug Testing Policies in Light of Minnesota Marijuana Legalization
The legalization of marijuana in Minnesota has created new challenges for employers, who must now grapple with how to enforce drug-free workplace policies in a state where marijuana is legal of August 1, 2023
Turning receivables into cash
Collecting payment from customers takes time and patience. To bridge the cash gap, consider some creative strategies to monetize outstanding receivables.
Hiring family members can offer tax advantages (but be careful)
Business owners: If you’re thinking about hiring your child or spouse this summer (or already have), you could be in line for some tax savings. But you’ll need to be aware of the IRS rules and follow them carefully – we can help.
Are you married and not earning compensation? You may be able to put money in an IRA
If you’re married and don’t earn compensation, you may think you can’t contribute to a retirement plan. But you may be eligible for a spousal IRA. Here are the rules for 2023.