IRS Delays New Reporting Rule for Online Payment Processors
For the second consecutive year, the IRS has postponed the implementation of a new rule that would have led to an estimated 44 million taxpayers ...
Take Action Now to Reduce Your 2023 Income Tax Bill
Several factors are making 2023 a confounding tax planning year for many people. They include turbulent markets, stabilizing but still high interest ...
How Does Industry Affect Fraud Risk?
Constant vigilance is the most critical control to prevent fraud risk. Employee fraud happens when a motivated individual who knows of a weakness ...
Tips For a Smoother Month-end Close
Does your company struggle to close its books at the end of each month? The month-end close requires accounting personnel to round up data from ...
Future Emergency? Two New Tax Provisions May Soon Provide Relief
Perhaps you’ve been in this situation before: You have a financial emergency and need to get your hands on some cash. You consider taking money out ...
FinCEN Identifier: The Final Rule Details What You Need to Know
Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a final rule regarding when a reporting company may report an entity’s FinCEN ...
Reporting Requirement for Shareholder Health Insurance
The IRS requires that an S-Corporation shareholder report the amount paid for each officer’s health insurance as additional wages on Form W-2 Box 1 ...
Importance of Obtaining W-9s and Issuing 1099s
To make the process as quick and painless as possible, follow these tips:
Investment Swings: What's the Tax Impact?
If your investments have fluctuated wildly this year, you may have already recognized some significant gains and losses. But nothing is decided ...