Barbara Danner receives her QuickBooks ProAdvisor Online Certificate
Congratulations to Supervisor Barbara Danner on receiving the QuickBooks Online ProAdvisor Certificate! Barbara serves as a member of our Client Accounting Service (CSA) team, assisting clients with back-office tasks, preparing financial reports, providing operational efficiency advice, and preparing various tax […]
Read More Congress eyes further retirement savings enhancements
SECURE 2.0 passed the U.S. House with strong bipartisan support. While the Senate is working on its own bill, learn about the provisions of the House’s version.
Read More Recent Tax Court Cases of Interest to Businesses
1. Court Determines that an Activity Was Engaged in for Profit
2. Nursing Services Company Loses in Court
3. Accounting Method of a Retirement Community Is Upheld in Court
4. Bookkeeper Must Pay Penalty After He's Found to Be a Responsible Person
Read More Due Diligence Considerations When Selling a Business
If you're thinking about selling your business, you'll need to consider the buyer's perspective to help close the deal. Taxes are an important issue in negotiating the terms of the deal, and the buyer's tax objectives may conflict with yours. Here's an overview of the due diligence considerations from both parties' perspectives.
Read More Unlock 8 Tax Breaks for Home Ownership
Home ownership can be a financially rewarding investment, especially when you factor in the potential tax savings opportunities. This article summarizes various federal tax breaks that sweeten the deal for homeowners today, including the home sale gain exclusion, itemized deductions for mortgage interest and property taxes, credits for certain "green" home improvements and more.
Read More Federal Tax News for Individuals
1. Involved in Crypto? Here Are Some Tax Issues
2. Reporting Income Earned from Gigs
3. Tip Income Responsibilities for Employees and Employers
4. IRS Issues the 2022 Foreign Housing Cost Exclusions
5. Supreme Court Declines to Hear Passport Revocation Case
Read More Tax Angles for Landlords Today
In the current economic environment, many rental property owners are incurring losses. But they may not to be able to currently deduct them. Here's an overview of information that property owners should know about: deductions for operating costs and depreciation, the passive activity loss rules, the excess business loss rule and net operating losses, as well as details about properties generating taxable income.
Read More Take Advantage of Tax Breaks for Small Businesses
If you own a small or medium-sized business, it may be eligible for some significant tax breaks that aren't available for larger entities. Here are three examples to consider as you file your tax return for 2021 and plan for 2022. […]
Read More Manufacturers need to act soon to take advantage of 100% first-year bonus depreciation
Manufacturers have the option of taking a 100% first-year bonus depreciation deduction on qualified equipment placed into service this year. After 2022, the deduction is scheduled to begin to phase out over the next five years.
Read More Going private
Dell, H.J. Heinz, Dunkin’ and many other companies have delisted from the public markets in recent years. Is it time for your company to say goodbye to Wall Street?
Read More Rx for valuing a distressed business
Owners of struggling businesses may want to assess how much their operations are worth for many reasons, including M&A, estate planning, shareholder buyouts and bankruptcy. Here’s an overview of how valuation professionals treat these special circumstances.
Read More New audit committee survey reveals trends on risks, ESG reporting and more
What are the top concerns your organization is currently facing? This is just one of the questions audit committee members were asked in a recent survey about the audit process in 2021.
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