1.9.24
Manufacturers: Pay Attention to These Six Tax-Related Items in 2024
What’s the tax outlook for manufacturers as 2024 begins? While certain provisions of the Tax Cuts and Jobs Act (TCJA) begin to phase out, other…
1.8.24
Does Your Business Have Employees Who Get Tips? You May Qualify for a Tax Credit
If you’re an employer with a business where tipping is routine when providing food and beverages, you may qualify for a federal tax credit involving…
1.3.24
Mitigating Financial Risks in the Healthcare Industry
The healthcare industry has experienced tough financial times since at least 2020. The situation has improved from the early days of the COVID-19 pandemic, but…
1.3.24
Keeping Up with Cybersecurity is Essential to HIPAA Compliance
Over the past few years, as a result of the COVID-19 pandemic as well as other developments in the medical arena, practices have increasingly relied…
1.3.24
Protecting Your Practice’s Health with an Annual Checkup
Regular checkups are essential to maintaining one’s health. This is just as true for businesses as it is for people. Medical practices, in particular, need…
1.2.24
Defer a Current Tax Bill With a Like-Kind Exchange
If you’re interested in selling commercial or investment real estate that has appreciated significantly, one way to defer a tax bill on the gain is…
12.27.23
The Standard Business Mileage Rate is Up Slightly in 2024
The optional standard mileage rate used to calculate the deductible cost of operating an automobile for business went up by 1.5 cents per mile in…
12.20.23
Understanding Forensic Accounting Issues When Calculating Lost Profits
When it comes to estimating lost profits, it is crucial to ensure that the numbers are accurate and not manipulated or falsified. This is because…
12.20.23
Exploring FASB’s ASU 2023-05
The Financial Accounting Standards Board (FASB) has recently issued Accounting Standards Update (ASU) No. 2023-05, Business Combinations — Joint Venture Formations (Subtopic 805-60): Recognition and Initial…
12.20.23
Contractors: Watch Out for Occupational Fraud
Nearly every type of business could be affected by occupational fraud, and construction businesses are certainly no exception. In fact, the Association of Certified Fraud…