The BOI is Back!
December 24, 2024
From Joseph Kim, CPA/MST, Director of Taxation at Ludwig Business Consultants:On December 23,2024 the federal court of appeals ruled that the reporting companies are once
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Increased Mileage Reimbursement Rates for 2025
December 24, 2024
Effective January 1, 2025, the IRS has increased the reimbursement rate for mileage deductions and reimbursements. According to the new rules, taxpayers will be able
BOI Scam Alert
December 24, 2024
From our Director of Taxation, Joseph Kim, CPA/MST: The U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an alert on December 18, 2024,
Company Christmas Blessings
December 16, 2024
On Friday, December 13, 2024, Phyllis treated the Ludwig staff to a Christmas celebration, with a brunch at Santiago’s Family Restaurant in Horsham, PA. Between
UPDATED: Beneficial Ownership Information (BOI): Do You Need to Act?
November 26, 2024
UPDATE (12/05/2024): Today, a federal court in Texas issued an injunction applying to taxpayers nationwide, where they state that small businesses affected by BOI reporting
CatholicU Connections Facilitate an Aquisition
November 4, 2024
The power of Catholic University and utilizing your connections… Phyllis Ludwig, a 1984 graduate of Catholic University, was recently involved in the sale of one
Summer Downtime: Use It to Your Tax Advantage
June 28, 2024
Downtime? Does that even exist anymore? Between our jobs and our side hustles, downtime has really changed over the years. Webster’s defines downtime as a
Forecasting: Financial not Weather
May 24, 2024
As many of us have found out in the last years, there is a lot of uncertainty in the world. This applies to business too.
14 Overlooked Tax Deductions for 2023
April 4, 2024
Hopefully, you’ve already gotten your information to your tax accountant. On the off-chance you haven’t, or if you’re planning on addressing your taxes yourself, here
Royalties and Taxes
March 21, 2024
A dear friend of one of our employees just signed a contract with a literary agent. One of her first questions was, “So, assuming I
The Perks of a Small Accounting Firm
February 7, 2024
It’s no secret that we are growing and hiring. Yet the employment field is a tough one right now, with the level of competition for
Work Smarter, Not Harder: Improving Employee Productivity
December 28, 2023
The CEO of Wayfair and Co-founder Niraj Shah recently came under fire for a year-end message to the company’s employees: “Working long hours, being responsive,