Audit Brief: Evaluate Financial Performance Before Year End
How often does your company generate a full set of financial statements? It’s common for smaller businesses to issue only […]
Tax Brief: Deduct More Under the Standard Mileage Rate
Business owners are aware that the price of gas is historically high, which has made their vehicle costs soar. The […]
Tax Brief: IRS Notices Go Out To Businesses
Businesses may receive notices about information returns that don’t match IRS records The IRS has begun mailing notices to businesses, […]
Audit Brief: Inflation Could Affect Your Financial Statements
Business owners and investors are understandably concerned about skyrocketing inflation. Over the last year, consumer prices have increased 8.3%, according […]
Audit Brief: Follow Up on Auditor’s Recommendations
Maintaining the status quo in today’s volatile marketplace can be risky. To succeed, businesses need to “level up” by being […]
Tax Brief: Partnership Taxes, Why you may be taxed…
Are you a partner in a business? You may have come across a situation that’s puzzling. In a given year, […]
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 […]