Uncle Sam wants you to have a new SUV
Are you considering replacing a car that you’re using in your business? There are several tax implications to
2021 Q1 tax calendar: Key deadlines for businesses and other employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of
Accounting for property, plant and equipment assets
Businesses and not-for-profit entities capitalize machines, furniture, buildings, and other property, plant and equipment (PPE) assets on their
Cutoffs: What counts in 2020 vs. 2021
As year end approaches, it’s a good idea for calendar-year entities to review the guidelines for recognizing revenue
Good reminder on the importance and use of financial statements
It’s almost time for calendar-year businesses to prepare their year-end financial statements. If used correctly, these reports can
Preparing for the possibility of a remote audit
The coming audit season might be much different than seasons of yore. As many companies continue to operate
Best practices when forecasting cash flow
Cash flow is a top concern for most businesses today. Cash flow forecasts can help you predict potential
Levels of assurance: Choosing the right option for your business today
The COVID-19 crisis is causing private companies to re-evaluate the type of financial statements they should generate for
Accounting for cloud computing arrangements
The costs to set up cloud computing services can be significant, and many companies would prefer not to
The PPP for Independent Contractors and Self-Employed
The Paycheck Protection Program (PPP) is a federal program designed to help small businesses who have been
What Every Paycheck Protection Program (PPP) Borrower Needs to Know
The Paycheck Protection Program (PPP) was created by the Small Business Administration (SBA) to encourage small businesses
The Cares Act Paycheck Protection Program
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) strives to provide financial relief for millions of
SBA COVID-19 Disaster Loans
SBA Disaster Loans During COVID-19 There’s no denying that owning a small business is hard. After all, if
Preparing for 401k Plan Audit
EBP – Understanding the Filing Requirements Does your organization’s 401k plan have 120 eligible participants? If so,
Duplicate Payments Solutions
Duplicate Payments When a single vendor invoice is paid multiple times, a duplicate payment occurs. A duplicate payment
Tips for Preparing for Upcoming Audit
There’s no denying that preparation is the key to a successful audit. By taking the time to
2020 Tax Calendar Now Available
Now that 2020 is in full swing, it’s time to think about taxes. Wondering when various forms
Nondiscrimination Relief for Closed Defined Benefit Plans Extended Again
The temporary nondiscrimination relief for closed defined benefit plans provided in Notice 2014-5, I.R.B. 2014-2, 276, is extended through
IRS Unveils Updated Draft 2020 Form W-4
The IRS has released an updated, newly named draft Form W-4 for 2020. Once finalized, the revised form
Draft 2019 Form 1040 and Form 1040-SR Released
The IRS has recently released an updated draft 2019 Form 1040, U.S. Individual Income Tax Return, with fewer