Tax Brief: IRS Eases K2 and K3 Filing Requirements…
Since the enactment of the Tax Cuts and Jobs Act in 2017, the IRS made significant changes to the Schedule […]
Audit Brief: Cash or Accrual Accounting Method, Which Is…
Small businesses may start off using the cash-basis method of accounting. But many eventually convert to accrual-basis reporting to conform […]
Tax Brief: Take Full Deductions This Year
The federal government is helping to pick up the tab for certain business meals. Under a provision that’s part of […]
Audit Brief: Why Reporting Subsequent Events Remains Important
Major events or transactions — such as a natural disaster, a cyberattack, a regulatory change or the loss of a […]
Tax Brief: Upcoming Deadlines for Businesses
Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of […]
Audit Brief: New Disclosures Required for 2022
Starting in fiscal year 2022, all entities — except nonprofit organizations in the scope of Topic 958, Not-for-Profit Entities, and employee […]
Cryptocurrency Brief: The President’s Executive Order Summary
In recent years, digital assets have grown past $3 Trillion. Additionally, nearly 16% of Americans have traded, invested in, or […]
Audit Brief: New Audit Survey Reveals Risk Trend
In late January, a survey entitled “Audit Committee Practices Report: Common Threads Across Audit Committees” was published by Deloitte and […]
Tax Brief: Take advantage of a valuable tax break
The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax […]