Stay informed with Brinker Simpson's latest business insights! Explore our blog here for expert financial and tax guidance, and click here for our latest firmwide updates.
What Might Be Ahead as Many Tax Provisions Are Scheduled to Expire?
As the end of the year approaches, numerous tax provisions are set to expire, which could significantly impact your tax planning strategies. Staying informed and proactive is essential to navigating these changes effectively.
Bookkeeping Provides a Solid Foundation for Financial Reporting
Accurate bookkeeping is essential in the complex world of business finance. It forms the foundation of reliable financial reporting, ensuring your company's financial health is accurately represented.
Navigating Tax Obligations for College Athletes with NIL Income
If you're a college athlete, you can make a massive fortune using your name, image, and likeness (NIL). However, NIL income comes with substantial local, state, and federal tax obligations. Failure to adhere to these obligations can result in significant consequences, including fines and penalties.
ACH fraud occurs when unauthorized transactions are made through the ACH network, which processes large volumes of credit and debit transactions. Fraudsters exploit vulnerabilities in payment systems to initiate unauthorized transfers, leading to substantial financial losses.
With the evolution of cloud computing, many businesses are considering switching from traditional desktop accounting software to cloud-based solutions like QuickBooks Online (QBO). Here's what you need to know to decide if this switch suits you.
Financial Due Diligence in M&A: Historical Financial Statements – Is It All Really Behind Us?
Conducting thorough financial due diligence is crucial when acquiring a business. This process involves evaluating historical and prospective financial statements, spotting hidden liabilities, and ensuring earnings accuracy. Learn how professional guidance can help you navigate the complexities.
Understanding Fraud, Waste, and Abuse for Not-for-Profits
Fraud, waste, and abuse can significantly impact the financial health and reputation of not-for-profit organizations. Learn about the latest trends and best practices for mitigating these risks to maintain public trust and ensure the sustainability of your mission.
This e-newsletter is for general informational purposes only and does not constitute legal, tax, accounting, investment, or professional advice. It should not replace professional consultation. Always seek advice from qualified professionals before making any decisions. The tax information provided is not intended to be used to avoid penalties. We do not guarantee the accuracy or completeness of this information and disclaim all warranties, express or implied.
