If an employee receives anything that looks or smells like money from the employer, it’s probably taxable income. Think about everything from gift cards to small financial incentives to the personal use of a company car – unless an income…
Each year, dollar limits for various employee benefit and tax-related items are updated based on the rate of inflation. Here’s an overview of key items updated for 2025 announced by the IRS within the last couple of weeks: The 401(k)…
We are excited to welcome Desiree LaForge as the new Human Resources Director at Mize CPAs! With an impressive professional background and a passion for employee engagement and community involvement, she brings a wealth of experience and enthusiasm to our…
In today’s fast-paced business environment, staying informed can be challenging. That’s why we’ve created The Mize Breakroom—to provide valuable insights and practical advice in a way that’s easy to consume on the go. Hosted by our very own Director of…
While goblins, ghosts, and ghouls can be fun, haunting financial practices are anything but! Here are some best practices to keep your accounting from becoming a horror story. Avoid the Ghosts of Transactions Past: Reconcile Regularly Much like how ghosts…
For over 50 years, Mize CPAs has proudly called the Townsite Tower its home. In fact, we were the first tenants to move in when the building (then the First National Bank Tower) opened its doors in 1970. Over the…
But sometimes, it takes time and perseverance! In 2021, the Kansas Department of Revenue (KDOR) disallowed the wage modification for wages qualifying for the Federal Employee Retention Credit (ERTC). At the federal level, wages that generate a federal credit cannot…
In the fast-paced restaurant industry, high employee turnover is a significant issue with profound implications for productivity and profitability. A revolving door of staff members can lead to inconsistent service, lack of continuity, and a persistent need for training new…
Over the past year, the IRS has taken strides to digitize paper returns and make the filing process more convenient for taxpayers. On March 14th, the IRS unveiled an electronic filing (e-filing) system for Form 8300, Report of Cash Payments Over $10,000. This…
As you probably know, most US businesses are required to report company ownership information to the Financial Crimes Enforcement Network (FinCEN) by the end of 2024. The purpose of this “beneficial ownership” reporting (part of the Corporate Transparency Act (CTA)) is to…