More Americans than ever are turning to the side hustle, from freelance design and consulting to ride-share driving, online sales, and digital content creation. That extra income can be exciting, but it comes with something less thrilling: tax responsibilities. At Burke CPA and Advisors, we help side hustlers, freelancers, and small business owners navigate the […]
PCI Compliance: What it means for your Business
What Is PCI Compliance? The Payment Card Industry Data Security Standard (PCI DSS) is a set of security standards developed by the major credit card companies (Visa, Mastercard, Discover, and American Express) and governed by the PCI Security Standards Council (PCI SSC). The goal is simple: ensure that all companies that process, store, or transmit […]
Client Spotlight: Advent Media Group
Advent Media Group, a Cincinnati-based boutique marketing agency, comprises a small yet talented team of individuals. AMG works diligently with clients to craft editorial-style advertisements in national magazines such as Forbes, Fortune, Architectural Digest, and Good Housekeeping. From sales representatives to project managers, the team brings the best in customer service to each client, ensuring […]
401(k) Auto-Enrollment: Turning compliance into a competitive edge
Starting in 2025, most new 401(k) plans will have a built-in feature: auto-enrollment. Thanks to the SECURE 2.0 Act, if you’re launching a retirement plan for your business, you’ll likely need to automatically enroll eligible employees, whether they ask for it or not. The goal is simple: help more people save for retirement. However, this […]
Tax Credit Opportunity
Kentucky Small Businesses Do you have a Kentucky business with 50 or fewer full-time employees? Have you purchased over $5,000 in equipment or technology? You may be eligible for substantial tax credits just by doing something you probably already are… growing! The Kentucky Small Business Tax Credit offers between $3,500 and $25,000 per year for […]
Major Tax Bill Passed: What It Means for You
For Individuals: Key Provisions and Impacts of the Tax Bill 1. Permanent Individual Tax Rate Reductions The tax bill makes permanent the individual tax rate cuts originally enacted under the 2017 Tax Cuts and Jobs Act (TCJA). All tax brackets continue to be indexed for inflation. 2. Standard Deduction Increases Effective as of January 1, […]
Mastering Your Money: 7 Budgeting Tips from a Professional Bookkeeper
As a bookkeeper at an accounting firm, I’ve seen firsthand how a well-structured budget can transform financial outcomes—and how chaotic things can become without one. Whether managing your finances or guiding your business toward growth, a solid budgeting strategy can be the cornerstone of success. Here are the budgeting tips I regularly share with clients […]
Kentucky Tax Deadline Extended to November 3
New deadline: November 3, 2025 Due to the severe storms, flooding, and landslides in February 2025, the new tax deadline for ALL Kentucky Residents for the 2024 Federal and Kentucky State returns is November 3, 2025. Federal and Kentucky Individual income tax returnsThe usual April 15, 2025, deadline for 2024 individual tax returns is now […]
Navigating the Diverse World of Business Structures
Over my career, I’ve had the opportunity and pleasure of working with hundreds of businesses. What is no surprise is that no two businesses are the same. When our firm discusses with owners about their business and its unique needs, we often discuss the business structure to make sure that it is set up for […]
U.S. DOL Releases New Overtime Rule – Effective 7/1/2024
On April 23, 2024, the Department of Labor announced its new overtime rule, “Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees.” Effective July 1, 2024, an executive, professional, or administrative employee must receive a salary equivalent to $43,888 per year in order to be classified as exempt. This income […]