Renaissance Advisory

Filing taxes may be one of the maximum disturbing components of strolling a small commercial enterprise. Between handling receipts, tracking deductions, and staying compliant with ever-changing guidelines, tax season is regularly dreaded. Fortunately, current tax go back applications have made it less complicated for small companies to file as it should be and efficaciously. But with so many alternatives to be had, which packages actually offer the fine features? At Renaissance Advisory, we paintings with small agencies each day to enhance their economic effects via smart tax techniques. While we manage many advanced advisory services like Section 125 Plans and R&D tax credit, we recognize that selecting the right tax software program could make a major distinction for everyday tax filing. In this blog, we’ll wreck down the key functions small organizations should look for and evaluate some of the most famous tax return programs in the marketplace today. What Makes a Tax Return...

In the world of business finance, information your stability sheet is essential to comparing the health and sustainability of your operations. Two categories that play a chief role on this economic image are  fixed assets and current assets . While each constitute things your business owns, their features, liquidity, and influences are vastly distinct. Understanding those variations—and the way they affect your organization’s balance sheet—can offer deep insights into your enterprise's monetary method, operational performance, and lengthy-term making plans. At Renaissance Advisory, we concentrate on supporting organizations liberate hidden monetary possibilities via optimizing the manner they control and document belongings, specially on the subject of enhancing coins go with the flow and enhancing strategic planning. Understanding Fixed Assets and Current Assets Let’s begin with the aid of defining what each asset class includes: Fixed Assets Fixed assets, additionally called...

Launching a startup is no small feat. Founders juggle product improvement, fundraising, hiring, compliance, and much greater—all while seeking to live lean. Amid the chaos, one possibility is often unnoticed: the Research and Development Tax Credit . For many startups, this credit score can be a recreation-changer, offering a whole lot-wished economic comfort and incentivizing innovation. In this blog, we’ll unpack what the R&D tax credit is, how it applies to startups, and why your growing commercial enterprise need to take complete gain of it. At Renaissance Advisory, we help organizations like yours uncover hidden economic possibilities—often beginning with this powerful, underutilized credit. What Is the Research and Development Tax Credit? The Research and Development Tax Credit (formally known as the Credit for Increasing Research Activities) is a federal incentive application created to reward U.S. Organizations that spend money on innovation. The idea is easy: in case you...