Insights & Resources

Moving Mom or Dad into a Nursing Home? 5 Potential Tax Implications
August 24, 2023

Moving Mom or Dad into a Nursing Home? 5 Potential Tax Implications

More than a million Americans live in nursing homes, according to various reports. If you have a parent entering one, you’re probably not thinking ...

Tax Planning • Healthcare
How Outsourced Accounting Can Elevate Your Accounting Structure
August 24, 2023

How Outsourced Accounting Can Elevate Your Accounting Structure

Building a successful business over time takes consistency and dedication. Your team and day-to-day accounting operations are working well to deliver ...

Accounting and Financial Operations • Guide
Pocket a Tax Break for Making Energy-efficient Home Improvements
August 24, 2023

Pocket a Tax Break for Making Energy-efficient Home Improvements

According to the National Weather Service, an estimated 190 million Americans have recently been under heat advisory alerts. That may have spurred ...

Tax Planning • Real Estate and Construction • Audit and Assurance
3 Types of Due Diligence to Consider Prior To Buying A Business
August 24, 2023

3 Types of Due Diligence to Consider Prior To Buying A Business

There is no single process that everybody follows when purchasing a business, and many factors determine whether a business, once bought, will ...

Valuation • Transactions and M&A
IRS Provides Transitional Relief for RMDs and Inherited IRAs
July 28, 2023

IRS Provides Transitional Relief for RMDs and Inherited IRAs

The IRS has issued new guidance providing transitional relief related to recent legislative changes to the age at which taxpayers must begin taking ...

Tax Planning • Nonprofit • Tax Compliance • Tax Alert • Estate and Succession Planning
Starting A Business? How Expenses Will Be Treated on Your Tax Return
July 20, 2023

Starting A Business? How Expenses Will Be Treated on Your Tax Return

Government officials saw a large increase in the number of new businesses launched during the COVID-19 pandemic. And the U.S. Census Bureau reports ...

Transactions and M&A • Tax Compliance
That Email or Text from the IRS: It's A Scam!
July 20, 2023

That Email or Text from the IRS: It's A Scam!

“Thousands of people have lost millions of dollars and their personal information to tax scams,” according to the IRS. The scams may come in through ...

Fraud and Forensic
Why Some Small Businesses Are Switching to Tax-Basis Reporting
July 20, 2023

Why Some Small Businesses Are Switching to Tax-Basis Reporting

Accrual-basis financial statements are considered by many to be the gold standard in financial reporting. But with the increasing cost and complexity ...

Firm News • Tax Compliance • Accounting and Financial Operations • Audit and Assurance
The Best Way to Survive an IRS Audit Is to Prepare
July 20, 2023

The Best Way to Survive an IRS Audit Is to Prepare

The IRS recently released its audit statistics for the 2022 fiscal year and fewer taxpayers had their returns examined as compared with prior years. ...

Tax Compliance • Audit and Assurance