2022 Year-End Reminders Regarding Common Fringe Benefits
As year-end approaches, it is time to gather the information needed to properly report certain taxable fringe benefits provided to employees during ...
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ASC 842: Impact of New Lease Accounting Standard on Private Companies
The long-awaited accounting standards update (ASU) for leases is finally at our doorstep. ASU 2016-02, and its subsequently issued amendments, ...
Millions of Americans Set to Get Surprise Tax Forms in 2023
There's a tax headache ahead next year for millions of Americans who use apps like Venmo or Paypal regularly, part of a little-noticed change passed ...
Learn When and Why You Should Outsource Your Accounting
Today, more and more businesses are outsourcing different areas and departments to run their business leaner. Today's business owners can ultimately ...
Tax Breaks After 50 You Can’t Afford To Miss
If you’re 50 or older, there is one benefit to reaching this milestone that you may be overlooking: tax breaks aimed right at you. Now you can ...
Top Reasons Not to Hire a Full-Time CFO
At the forefront of every important financial decision regarding a company is its CFO. They are often credited as the economic backbone of their ...
Work Opportunity Tax Credit Provides Help to Employers
The Work Opportunity Tax Credit (WOTC) may help employers in today's tough job market and economy. Many business owners are hiring and should be ...
Worried About An IRS Audit? Prepare In Advance
IRS audit rates are historically low, according to a recent Government Accountability Office (GAO) report, but that’s little consolation if your ...
FASB Proposes Last-Minute Changes To Lease Accounting Rules
Accounting Standards Codification Topic 842, Leases, requires organizations to report the full magnitude of their long-term lease obligations on ...