Audit Brief: The 2021 FASB Agenda

In December 2020, Richard Jones stepped up as chairman of the Financial Accounting Standards Board (FASB). After meeting with stakeholders in early 2021, Jones identified a list of high-priority projects that he plans to tackle under his leadership. Big picture…

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Audit Brief: Reporting Profits Interest Awards

During the pandemic, cash has been tight for many small businesses, which may make it hard to attract and retain skilled workers. In lieu of providing cash bonuses or annual raises, some companies may decide to give valued employees a…

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Tax Brief: Small Business Retirement Savings Options

Are you thinking about setting up a retirement plan for yourself and your employees, but you’re worried about the financial commitment and administrative burdens involved in providing a traditional pension plan? Two options to consider are a “simplified employee pension”…

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Individual 1040 Tax Deadline Extended

Individuals have until May 17, 2021 to meet certain deadlines that would’ve normally fallen on April 15th.  These include making IRA contributions and filing certain claims for refund. Time to make contributions to IRAs and health savings accounts extended to…

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