Audit Brief: Private Companies Can Benefit From ESG Audits
Reporting on environmental, social and governance (ESG) matters is an increasingly crucial area of corporate compliance. While ESG reporting and […]
Tax Brief: A Contrary Approach to Income and Deductions
Businesses usually want to delay recognition of taxable income into future years and accelerate deductions into the current year. But […]
Tax Brief: Tax Treatment for Partnership Expenses
It’s not unusual for a partner to incur expenses related to the partnership’s business. This is especially likely to occur […]
Tax Brief: Tax Deductions with Bonus Depreciation
Your business should generally maximize current year depreciation write-offs for newly acquired assets. Two federal tax breaks can be a […]
Audit Brief: The Spotlight on Auditor Independence
Auditor independence is the cornerstone of the accounting profession. Auditors’ commitment to follow the standards set forth by the American […]
Tax Brief: The QBI Deduction expires in 2025, Take…
The qualified business income (QBI) deduction is available to eligible businesses through 2025. After that, it’s scheduled to disappear. So […]
Preparing for the RIA Audit under new SEC Private…
Effective November 13, 2023, Rule 206(4)-10 mandates Registered Investment Advisors (RIAs) to obtain an annually certified audit for any private […]
Tax Brief: IRS efforts to combat questionable ERTC claims
The Employee Retention Tax Credit (ERTC) was introduced back when COVID-19 temporarily closed many businesses. The credit provided cash that […]
Tax Brief: 9 key tax considerations when starting a…
When launching a small business, many entrepreneurs start out as sole proprietors. If you’re launching a venture as a sole […]