The deadline to comply with a new U.S. Dept. of Labor rule regarding worker classification is fast approaching. Is yo...
Businesses that file 10 or more information returns must now file them electronically.
The IRS is delaying the $600 Form 1099-K reporting threshold for third-party settlement organizations for the 2023 ta...
Businesses face a variety of tax-related deadlines in the first quarter of 2022. Here are some of them.
Ever wonder how much of a tax break you’d get if you bought a private plane for your business? Here are the bas...
There may be ways your small business can save on 2021 taxes. But you must act before Dec. 31.
The sun has set on the valuable Employee Retention Credit. Here’s what happened.
Congress has passed the Infrastructure Investment and Jobs Act. Find out what tax-related provisions have been built ...
Allocating year-end tax planning time now can prove beneficial come tax filing time next year.
Looking for a flexible, tax-advantaged option for providing health care coverage at your business? Consider a Health ...
Business owners and their employees don’t have to pay Social Security tax on all their wages. Amounts above a c...
The fate of the Build Back Better Act and the Bipartisan Infrastructure Bill remains uncertain as Congress continues ...
Have you bought or sold business assets in an M&A deal in 2021 or are in the process of a transaction? If so, you...
Claiming depreciation deductions for a passenger automobile can involve complex calculations. Here are the basic rule...
Have you been affected by one of the many natural disasters that have occurred this year? Tax relief may be available...
If your business is victimized by theft, embezzlement or internal fraud, you may be able to claim a tax deduction for...
Certain types of businesses receive large payments of cash. They may be required to report the transactions to the IR...
If you received a PPP loan, important forgiveness deadlines are approaching. Are you ready?
"Recordkeeping DOs and DON’Ts for Business Meal and Vehicle Expenses" | Keeping meticulous business record...
Are you a business owner with teenage or college-age children who constantly need cash? You may want to hire them to ...
Businesses that provide Health Savings Accounts to employees know they have a variety of benefits. Here are a few of ...
Employee or independent contractor? That’s the question businesses ask when they bring on certain workers. Here...
The current expected credit loss (CECL) standard has been delayed again. Under the recently enacted COVID-19 economic...
The price of gas is down from a year ago. How does this affect the amount your business can deduct for business drivi...
How strong are your company’s internal controls? Public companies must answer this question annually, and priva...
Before Dec. 31, your business should buy any needed business assets and place them in service. That way, you can take...
The passive activity loss rules can be complex and trip up some taxpayers. Here are the rules.
The tax rules for treating computer software costs can be complex. Here’s a basic explanation.
Attention, lenders! COVID-19-related loan modifications may be exempt from the complex accounting rules for troubled ...
Just because your nonprofit’s financial audit has ended doesn’t mean your work is done. Learn what's next...
With fall's arrival, it’s time for businesses to start thinking about fourth quarter tax deadlines.
Even if your private foundation has good intentions, it may not be enough. You need a conflict-of-interest policy to ...
The IRS has issued guidance to implement the deferral of the employee share of SS tax, but employers still have quest...
Many businesses have undergone strategic shifts during the pandemic. Here’s how to determine whether that chang...
Depreciating assets involves a complex area of tax law; here’s a rundown:
If your business received a PPP Loan, you should be aware of the potential tax implications.
If your business receives large cash or cash equivalent payments, you may have to report them to the IRS.
Nonprofits: here’s what you need to know if you’ve recently joined forces with another entity.
How the pandemic could add a new layer of complexity to the new-and-improved auditor’s report.
Bartering is popular during times of economic downturns, which many businesses are suffering now due to COVID-19...
There is a lot of information, and misinformation, being shared about Covid-19. With the continued spread of the viru...
Final Indirect Cost Proposals and Year-End Reporting
As we start a new year, it’s time to “close ...
New accounting rules for reporting leases finally goes into effect in 2019 for public companies and 2020 for nonpubli...
Although each board's involvement in its not-for-profit agency's operations varies from situation to situation, all b...
Many nonprofit managers regard budgeting as a necessary evil that must be done to satisfy the board of directors and ...
As companies vie for their share of federal funds in a competitive market, many are weighing the benefits of a small ...
As a contractor doing business with the federal government it is important to be familiar with the ever changing regu...
Due diligence is one of the most critical stages in the process of purchasing a business. Some buyers incorrectly ass...