New Report Identifies High-Risk Areas in Financial Reporting
In July 2023, the Public Company Accounting Oversight Board (PCAOB) published a report that highlights common areas of audit deficiencies for public ...
7 Essential Questions to Ask Before Hiring a Bookkeeping Service
Bookkeeping services are essential to any growing business, but the idea of hiring a bookkeeper can be intimidating for any small business owner. ...
Disabled Family Members May Be Able to Benefit from ABLE Accounts
If you have family members with disabilities, there may be a tax-advantaged way to save for their needs, without having them lose eligibility for the ...
Divorcing Business Owners Should Pay Attention to the Tax Consequences
If you’re getting a divorce, you know the process is generally filled with stress. But if you’re a business owner, tax issues can complicate matters ...
Is QuickBooks Right for Your Nonprofit?
Not-for-profit organizations exist to achieve nonfinancial or philanthropic goals, not to make money or build value for investors. But they still ...
IRS Suspends Processing of ERTC Claims
In the face of a flood of illegitimate claims for the Employee Retention Tax Credit (ERTC), the IRS has imposed an immediate moratorium through at ...
The Advantages of Using an LLC for Your Small Business
If you operate your small business as a sole proprietorship, you may have considered forming a limited liability company (LLC) to protect your ...
What is Reasonable Compensation for an S Corp?
Reasonable compensation for owners of S Corporations is an IRS audit issue.
9 Signs You Need to Hire a Forensic Accountant
You own and operate a small-to-medium-sized business and have devoted your life to making this company profitable. You have sacrificed and dedicated ...