What Business Owners Can Do About Insurance Fraud
According to various sources, around 10% of all insurance claims involve fraud. Insurance companies generally pass along the cost of these fraud ...
K-2 and K-3 Reporting for International Activity
IRS Schedules K-2 and K-3, new for 2021, may need to be completed to include items of international tax relevance from the operations of a ...
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ASC 842: New Lease Accounting for Private Companies
The long-awaited accounting standards update (ASU) for leases is finally at our doorstep. ASU 2016-02, and its subsequently issued amendments, ...
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 ...