Tax records: What can you toss and what should you keep? Generally, the IRS has three years to audit a tax return, from the later of the due date of the… More on this story
Options to consider if you chose the wrong successor for your family business Hopefully, your family business has chosen a great successor. But if you’re in the midst of training your successor —… More on this story
New Questions about BOI Reporting A recent federal court ruling has raised questions about a controversial new rule requiring millions of small- to medium-sized business… More on this story
Is your business closing? Be sure to handle any and all final tax responsibilities Businesses shut down for many reasons. Here are just a few: An owner’s retirement, A lease expiration, Staffing shortages, Partner… More on this story
Making the Decision to Serve on a Non-Profit Board Deciding to volunteer your time and expertise for a non-profit board is much more than a kind gesture, it can… More on this story
New Tax Rules for Employer-Sponsored Retirement Plans in 2024 The omnibus spending bill known as the SECURE 2.0 Act made dozens of changes to the tax rules governing employer-sponsored… More on this story
Audit vs. Review Engagements: What’s the Difference? In the realm of finance and accounting, the terms ‘audit’ and ‘review’ are often thrown around, sometimes interchangeably, with an… More on this story
Charitable Remainder Trusts: Pros, Cons, and Precautions For business owners trying to juggle financial planning, estate planning, and tax planning concerns while also supporting a worthy cause,… More on this story
Business Travel in 2024: What’s Deductible? If you and your employees will be traveling for business this year, there are many factors to keep in mind…. More on this story
Employee Retention Credit Update: IRS Allows Cancellation of Erroneous Claims As the IRS continues to deal with issues involving the Employee Retention Credit (ERC), the agency is offering businesses that… More on this story
