Here's When It Is (and Isn’t) Tax-Deductible As backpacks fill up and classroom wish lists circulate, it’s common for families to pitch in with extra supplies, books, or even cash to support local schools and teachers. While those donations are generous, and much appreciated, not all of them are tax-deductible. Here’s how to know the difference [...]
Abacus! is proud to recognize Andrea Battaglia, Chief Excellence Officer, for being named a 2025 Trusted Adviser by the Springfield Business Journal. Andrea joined Abacus! in May 2020 and has quickly become a cornerstone of the firm’s culture and leadership. In her role as Chief Excellence Officer, she champions the firm's “Commitment to Excellence,” guiding internal [...]
Abacus! advances 29 places on IPA's Top Firms list For the fourth straight year, Abacus! has advanced on Inside Public Accounting’s (IPA) prestigious Top Firms list, moving up 29 spots from a year ago. The firm now ranks at No. 251, up from No. 280 in 2024. The IPA Top Firms list is widely recognized [...]
Interviews should do more than check boxes; they should help you hire legally, effectively, and in line with your culture. But without structure, interviews often go off track or miss what matters most. Q: What can I ask in an interview, and what's off limits? Abe: If a question touches on personal characteristics—like age, family status, [...]
Patterson & Company CPAs, PLLC has officially joined Abacus!, a regional accounting and advisory firm recognized for its people-focused approach and commitment to better guidance. As part of this transition, the Patterson & Company team fully rebranded as Abacus!, continuing to serve clients from its Louisville office with the same trusted professionals, now backed by [...]
The move marks continued growth and the eighth office for Abacus! Abacus! is proud to announce Patterson & Company CPAs, PLLC is joining the Abacus family, becoming the eighth office location of the firm and expanding services into Louisville, Kentucky. This strategic move continues Abacus!’ trajectory of growth, further enhancing its ability to serve clients with innovative [...]
Tips to Take Advantage of the Bill This Article is an Update From Previous Guidance: https://abacuspro.com/10-ways-the-proposed-new-tax-cuts-could-affect-your-taxes-this-year/ The "One Big Beautiful Bill Act" (OBBBA) is a sweeping tax and economic package that seeks to extend or make permanent many provisions of the 2017 Tax Cuts and Jobs Act, while introducing a host of new tax rules and [...]
As your business grows, your people structure should grow with it. But too often, roles are built reactively around the people you like or the terminations you put out rather than the structure your business truly needs. Starting with structure doesn’t mean losing flexibility. It means getting clear on what the business needs first, so you [...]
Why It Matters More Than You Think Businesses love flexibility. But when it comes to hiring independent contractors, that freedom comes with fine print. Misclassifying employees as contractors is one of the most common (and costly) compliance mistakes we see. It can trigger IRS audits, DOL investigations, unpaid taxes, and even lawsuits. And no, having [...]
What students and parents should know before that first paycheck A part-time job is a great way for high school and college students to build work experience, earn a paycheck, and learn responsibility. But if your student is receiving financial aid, or will be soon, you might be wondering: how does that extra income impact their [...]
