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 […]
Audit Brief: How financial reporting helps attract debt &…
Financial reporting plays a key role when a business needs funds for continued operations and strategic investment opportunities. Lenders and […]
Audit Brief: Auditing Revenue Recognition Critical To Financial Statements
Revenue is the top line of an income statement, making accurate reporting essential for financial transparency. Under U.S. Generally Accepted […]