New Legislation On Alabama Overtime Pay Exemption
On June 8, 2023, Governor Kay Ivey passed legislation exempting overtime wages earned by full-time hourly employees from Alabama gross income and consequently from Alabama state income tax.
Aldridge, Borden & Company Announces Employee Promotions
Aldridge, Borden & Company is pleased to announce several promotions for our employees.
Aldridge, Borden & Company Names New Partner
Aldridge, Borden & Company is pleased to announce the promotion of Principal Joe Mills, CPA, to Partner
Aldridge, Borden & Company Names New Partner
Aldridge, Borden & Company is pleased to announce the promotion of Principal Amanda Hines, CPA, to Partner.
POCKET A TAX BREAK FOR MAKING ENERGY-EFFICIENT HOME IMPROVEMENTS
If you make eligible energy-efficient improvements to your home on or after January 1, 2023, you may qualify for a tax credit up to $3,200. You can claim the credit for improvements made through 2032.
Cloud accounting: is it right for your small business or not-for-profit?
Until now, your small business has gotten by with delinquent financial data, weak internal controls, and staff turnover. You can afford an accounting and reporting platform for payroll applications, processing purchases and disbursements, handling credit cards and expense reports, and…
Top 4 Business Valuation Questions Answered by the Experts
Estimated Reading Time: < 4 minutes Starting up your workday, as a business owner, executive, or manager, you’ve most likely got a checklist or group of essential tasks. Prioritizing can make all the difference. It takes a great deal of…
The Benefits of Effective Marketing in Not-For-Profit Organizations
In this blog, we explain the value effective marketing can bring to a not-for-profit organization.
Consider the Finer Points of Roth 401(K) Contributions
Many people are familiar with Roth IRAs. These popular retirement accounts feature tax-free withdrawals as long as certain conditions are met. But did you know that employers can offer designated Roth contributions as part of the 401(k) plans they sponsor for employees?
What You Need to Know About the 1099-K Updates
As Congress has lowered the threshold for receiving a Form 1099-K, more individuals will receive this form for the 2023 tax year. Understanding how to report your 1099-K income correctly is crucial to remain compliant with tax regulations. Whether you sell goods or services, it's essential to determine if you have made a gain on the sales and report accordingly on your tax return.
