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 ...
Using Agreed-Upon Procedures to Target Specific Items of Concern
Your CPA offers a wide menu of services. One flexible offering, known as an “agreed-upon procedures” engagement, provides limited assurance on a ...
Inflation Reduction Act Expands Valuable Payroll Tax Credit
When President Biden signed the Inflation Reduction Act (IRA) into law in August, most of the headlines covered the law’s climate change and health ...
The Wager of Taxes on Sports Betting
In 2018, the Supreme Court ruled that the Professional and Amateur Sports Protection Act was unconstitutional, which caused a ripple effect resulting ...
For a Stronger Nonprofit, Increase the Number of Income Streams
Not-for-profits that rely on a single income source, or only a few, are vulnerable to economic shocks. The COVID-19 pandemic has made this ...
New School Year Reminder: Maximum Educator Expense Deduction Rises
As the new school year begins, the Internal Revenue Service reminds teachers and other educators that they'll be able to deduct up to $300 of ...
After Tax Day: Take These Action Steps
The April tax filing deadline has passed, but that doesn’t mean you should push your taxes out of your mind until next year. Here are three ...