News

Clearer Finances, Stronger Business: The Importance of Separate Accounts

Running a small business is no small feat, and managing finances effectively is a critical aspect of ensuring your venture’s success. At Safe Harbour Tax & Accounting Services, we understand the unique challenges that small business owners face. That’s why we’ve crafted a detailed article highlighting the importance of separating business and personal finances. Whether

How to Set Up an EIN for Your New Business

Starting a new business is an exciting journey filled with many steps and decisions. One critical step in establishing your business is obtaining an Employer Identification Number (EIN). At Safe Harbour Tax & Accounting Services, we understand the importance of having your EIN to streamline your business operations and ensure compliance with federal regulations. Here’s

Series: What To Know When Starting A Business

Starting A Business: What You Need To Know Starting A Business & Don’t Know Where To Start? When starting a business, many entrepreneurs don’t know where to start. Just so you know, we’re breaking it all down for you over the next series of articles and you’ll first be faced with the challenge of how

IRS Announces Tax Inflation Adjustments

IRS Provides Tax Inflation Adjustment for 2024 Just announced yesterday, the IRS announced the annual inflation adjustments for more than 60 tax provisions for tax year 2024, including the tax rate schedules and other tax changes. Revenue Procedure 2023-34 provides detailed information about these annual adjustments. You can find the full article for your information here: https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2024. If

How Do You Feel About Open Enrollment?

Open Enrollment: You May Be Missing Some Tax Benefits! I found this article really interesting because open enrollment is upon us! You may be unclear about which insurance plan is right for you and which ones may offer you significant tax benefits so I’m sharing this with you in hopes that you’ll find it helpful