12.28.20
Not-For-Profit Financial Reporting FAQs
Are not-for-profits required to have an annual audit? I’m frequently asked this question and the answer is, it depends. Although there is no Federal requirement…
12.22.20
Congress Passes COVID-19 Aid Package Containing Billions in Funding and Tax Breaks
After months of negotiations in Washington, an agreement has been struck on a new aid package to address the ongoing fallout from the COVID-19 pandemic.…
12.21.20
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 2021. Keep in mind that this list…
12.21.20
4 Tips for Preparing a Fraud Case for Law Enforcement
If you’ve caught an employee stealing from your company, you may think that turning the person over to the police will result in prosecution. That’s…
12.21.20
What’s Your Taxpayer Filing Status?
For many, December 31 means a New Year’s Eve celebration. From a tax perspective, however, it should mean thinking about the filing status you’ll use…
12.21.20
Intrafamily Loans and a Family Bank
Among the primary goals of estate planning is to put in writing how you want your wealth distributed to loved ones after your death. But…
12.21.20
Handle Mutual Funds Carefully at Year End
As we approach the end of 2020, now is a good time to review any mutual fund holdings in your taxable accounts and take steps…
12.21.20
Businesses Should Review Sales Tax Laws
It’s been more than two years since the U.S. Supreme Court ruled in South Dakota v. Wayfair that states may require out-of-state sellers to collect…
12.14.20
Drive More Savings to Your Business With the Heavy SUV Tax Break
Are you considering replacing a car that you’re using in your business? There are several tax implications to keep in mind. A Cap on Deductions…
12.14.20
Prevent Retail Return Fraud from Damaging Holiday Profits
For most retailers, this is the most profitable season of the year. However, customer returns in January can cut deeply into December revenues — particularly…