Best Practices for Expense Reporting
Effective expense reporting is essential to maintaining rigorous financial controls critical to any business's profitability. Monitoring employee ...
IRS Ramps Up Compliance Enforcement Against Certain Businesses
The Inflation Reduction Act provided the IRS with billions of dollars of additional funding to reduce the so-called “tax gap” between what taxpayers ...
Understanding Fraud, Waste and Abuse for Not-for-Profits
Fraud, waste, and abuse can severely impact not-for-profit organizations' financial health and reputation. Understanding and mitigating these risks ...
What Might Be Ahead as Many Tax Provisions Are Scheduled to Expire?
As we approach the end of the year, it's essential to be aware of the numerous tax provisions set to expire. These changes could significantly impact ...
Should You Convert Your Business from a C to an S Corporation?
Choosing the right business entity has many implications, including the amount of your tax bill. The most common business structures are sole ...
Tax Advantages of Including Debt in a C Corporation Capital Structure
Let’s say you plan to use a C corporation to operate a newly acquired business, or you have an existing C corporation that needs more capital. You ...
How Renting Out a Vacation Property Will Affect Your Taxes
Are you dreaming of buying a vacation beach home, lakefront cottage or ski chalet? Perhaps you’re fortunate enough to already own one. In either ...
Update on Retirement Account Minimum Distributions
If you have a tax-favored retirement account, including a traditional IRA, you’ll become exposed to the federal income tax-required minimum ...
IRS Issues Guidance on Tax Treatment of Energy Rebates
The Inflation Reduction Act (IRA) established and expanded numerous incentives to encourage taxpayers to increase their use of renewable energy and ...