Accounting Freedom, Ltd. Blog
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Accounting Freedom, Ltd., founded by Anthony Fiore in 1981, excels in delivering personalized accounting and payroll services to small businesses. With extensive expertise across various service industries in Illinois and Wisconsin, they prioritize a hands-on approach and lifelong client relationships. Committed to integrity and excellence, their unmatched dedication and support always..
Accounting Freedom, Ltd. Blog
3d ago
Let’s say you plan to use a C corporation to operate a newly acquired business or you have an existing C corporation that needs more capital. You should know that the federal tax code treats corporate debt more favorably than corporate equity ..read more
Accounting Freedom, Ltd. Blog
3d ago
Businesses have long been advised to engage in active dialogues with their customers and prospects. The problem was, historically, these interactions tended to take a long time. Maybe you sent out a customer survey and waited weeks or months to ..read more
Accounting Freedom, Ltd. Blog
2w ago
For businesses, cost-effective employer provided health benefits is an ongoing battle. In the broadest sense, you have two options: fully insured or self-funded. A fully insured plan is simply one you buy from an insurer. Doing so limits your financial ..read more
Accounting Freedom, Ltd. Blog
2w ago
Businesses usually want to delay taxable income into future years and accelerate deductions into the current year. But when is it wise to do the opposite? And why would you want to? One reason might be tax law changes that ..read more
Accounting Freedom, Ltd. Blog
2w ago
No matter how carefully and congenially you run your business, customer disputes will likely happen from time to time. Some of the complaints may be people looking to negotiate a discount, “game the system” or even outright defraud you. But others ..read more
Accounting Freedom, Ltd. Blog
2w ago
There are several financial and legal implications when adding a new partner to a partnership. Here’s an example to illustrate: You and your partners are planning to admit a new partner. The new business partner will acquire a one-third interest ..read more
Accounting Freedom, Ltd. Blog
2w ago
With each passing year, as networked technology becomes more and more integral to how companies do business, a simple yet grim reality comes further into focus: The cyberattacks will continue. In fact, many experts are now urging business owners and ..read more
Accounting Freedom, Ltd. Blog
3w ago
For businesses, cost-effectively sponsoring a health insurance plan for employees is an ongoing battle. In the broadest sense, you have two options: fully insured or self-funded. A fully insured plan is simply one you buy from an insurer. Doing so ..read more
Accounting Freedom, Ltd. Blog
1M ago
If you operate a business, or you’re starting a new one, you know records of income and expenses need to be kept. Specifically, you should carefully record tax deductible expenses to claim all the deductions to which you’re entitled. And ..read more
Accounting Freedom, Ltd. Blog
1M ago
If you follow the news, you’ve probably heard a lot about artificial intelligence (AI) and how it’s slowly and steadily expanding into various aspects of our lives. One widely cited example is ChatGPT, an AI “chatbot” that can engage in ..read more