March 7, 2023
Employee Spotlight – Shel Osborn
Shel Osborn started at Ross Buehler Falk & Company (RBF) in 2013. After leaving the firm in 2018, Shel rejoined the RBF team in 2023 as an Accountant II. In this role, he will provide tax and bookkeeping services to the firm’s nonprofit and manufacturing clients. Shel has an eye for detail and a desire… View Article
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7 Steps to Start a Business
The idea of starting your own business is inherently romantic, if not exhilarating: You get to run the show, flesh out your ideas, and live your dream. But where do you begin? Here are seven smart ste...
Read More >>How To Use Natural Language Processing to Improve the Efficiency Of Accounting Processes
Natural language processing (NLP) is a technology that allows computers to understand and process human language. Processing of natural language is necessary when you want an intelligent device to fol...
Read More >>Employee Spotlight – Shel Osborn
Shel Osborn started at Ross Buehler Falk & Company (RBF) in 2013. After leaving the firm in 2018, Shel rejoined the RBF team in 2023 as an Accountant II. In this role, he will provide tax and book...
Read More >>Home Energy Improvement Credit Is Enhanced
This credit goes all the way back to 2006, providing a tax credit for making energy-saving improvements to a taxpayer’s home. This tax benefit was supposed to expire after 2021 but a law change has ...
Read More >>What You Can Learn About Running a Business From Henry Ford
If you had to make a list of people who changed the world essentially just by existing, Henry Ford’s name would likely be on it. Most people know him from history as the founder of the (appropri...
Read More >>Wow! You Can Now Get a Tax Credit For Buying a Used Electric Vehicle
2023 brings with it a whole new set of rules related to qualifying for a tax credit for purchasing a used electric vehicle. This is the first time that used electric vehicles have qualified for a tax ...
Read More >>Leveraging the Internet of Behavior (IoB) to Boost Customer Loyalty
Customer loyalty is critical to any successful business strategy in today’s digital age. With emerging technologies such as the internet of things (IoT), companies are now leveraging a new appro...
Read More >>Sold Your Home Last Year or Plan to in 2023? If So, Here’s What You Need to Know
The U.S. housing market has been extremely volatile over the past year. Year-over-year growth rates were at highs of 20.1 percent in April 2022, then declined to only 8.6 percent in November – the b...
Read More >>How Secure 2.0 Will Impact Employers’ Tax Situations
The Setting Every Community Up for Retirement Enhancement 2.0 Act of 2022, otherwise known as SECURE 2.0, is a piece of legislation that focuses on how employers and their employees can save for retir...
Read More >>Understanding the Latest Modifications to Form 1099-K Reporting Requirements
There has been updated guidance on how and when tax filers must file and report Form 1099-K, Payment Card, and Third-Party Network Transactions in 2022 and 2023. According to the December IRS release,...
Read More >>Understanding the Weighted Average Cost (WAC) Method for Inventory Valuation
When it comes to businesses and their inventory and accounting methods for managing it, there are a few different ways to approach the task. The three different options to value inventory/implement co...
Read More >>Save Time, Keystrokes with Recurring Transactions in QuickBooks Online
Accounting takes time. And the last thing you need when you’re working with your company’s finances is an activity that takes unnecessary minutes. If you’ve created a record or transaction once,...
Read More >>The Implications of the R&D Tax Policy Changes on Manufacturers Everywhere
If you’ve been keeping up with the news, you’re no doubt aware of a recent policy change that will impact the way that research and development (R&D for short) is handled when it comes...
Read More >>Planning On Buying a New Electric Vehicle and Claiming a Tax Credit? Better Read This First
Although the credit for purchasing a new electric vehicle can still be as much as $7,500, Congress has added some new stringent qualifications as to which vehicles qualify, and for the first time, Con...
Read More >>Start Off on the Right Foot for the 2023 Tax Year
Individuals and small businesses should consider various ways of starting off on the right foot for the 2023 tax year. W-4 Updates – If you are employed, then your employer takes the information fro...
Read More >>401(k) Options After You Leave an Employer
Apart from the spike in inflation, 2023 ended the year with a relatively strong economy, boasting an unemployment rate of 3.5 percent (below the market forecast of 3.7 percent) with increases in wages...
Read More >>Defining an Impaired Asset
When it comes to defining an impaired asset, its fair market value is worth less than the original cost of the asset – or more formally, its carrying value. As a company re-evaluates its assets̵...
Read More >>End of Life Planning: 5 Steps to Take in 2022
End-of-life planning is a delicate—but incredibly important—subject. While contemplating your own death and the fallout thereof probably feels morbid, making preparations for your passing is an in...
Read More >>Why You Might Not Need a New Budget for the New Year
So, we’re a month into 2023 and the sheen might’ve dulled from all your shiny, New Year’s resolutions. Though diet and exercise are the top things you might want to change, there’s one you mig...
Read More >>Handling Talent Shortages in Tech Departments
Technology advancement has brought about great digital transformation. Unfortunately, this has come with a global tech talent shortage. IT executives highlight the shortage as a huge barrier to the ad...
Read More >>Who is RBF?
Ross Buehler Falk & Company is committed to providing innovative and cost effective solutions to meet each client's unique personal and business goals. We build long-lasting client relationships through personal attention, integrity, and a dedicated pro-active team of professionals.
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