Expanded Sec. 152 for Dependents
The Tax Cuts and Jobs Act broadened the Child Tax Credit and introduced some big changes…
Read this Insight...The Impact of Tax Reform on Alimony
The Tax Cuts and Jobs Act has turned the tax code upside down on alimony, especially…
Read this Insight...IRS Releases 2018 Pension Plan Contribution Limits
A new year brings new changes. The Internal Revenue Service recently announced updated pension plan contribution…
Read this Insight...A New Twist on an Old Scam
As many are aware, tax scams are on the uptick. What you may not know is…
Read this Insight...Construction Companies Go Green
The construction industry has discovered that greening its energy sources with renewable energy initiatives is good…
Read this Insight...New Deadline and Increased Penalties for Forms 1099 and W-2
The IRS is getting stricter on filing deadlines for information returns and have increased penalties for…
Read this Insight...
IRS Announces Various Tax Benefit Increases for 2016
For tax year 2016, the IRS recently announced many annual inflation adjustments. IRS Revenue Procedure 2015-53…
Read this Insight...
SAS 136: Preparation before year end
As previously communicated, Statement on Auditing Standards (SAS) 136, Forming an Opinion and Reporting on Financial ...
Read this insight 
On Your Mark, Small Businesses: Get Set to Reserve the 2021 Main Street Hiring Credit
The Main Street Hiring Credit has been reenacted for 2021, bringing financial relief to small businesses ...
Read this insight 
What To Know About the New Lease Accounting Standard
Every day that passes marks less time for private companies to get ready for ASC 842, ...
Read this insight 
Credit for Other Dependents: A CTC Alternative
The IRS is reminding families about the Credit for Other Dependents, a tax credit available to taxpayers for ...
Read this insight 
Document Management and Recordkeeping for Nonprofits
If you work for a nonprofit that's funded by grants or donations, you need to keep ...
Read this insight 
Estate Planning for High-Net-Worth Individuals
President Biden's proposed infrastructure plan does not explicitly raise estate taxes. Instead, it ends the step-up ...
Read this insight 
The Future of Global Minimum Tax and Multinational Corporations
The "race to the bottom" of international tax rates may soon come to an end. The ...
Read this insight 
How to Claim the Employee Retention Tax Credit
Congress created an employee retention tax credit to retain employees on their payroll during the pandemic. ...
Read this insight 
Child Tax Credit Advances Start July 15
On July 15, 2021, the IRS will start sending monthly child tax credit payments to qualifying ...
Read this insight 
Are You Ready To Retire Early?
Maybe your job, even your entire sector, has disappeared in 2020's economic turmoil. Or perhaps you ...
Read this insight 
Accounting Tips to Benefit Your E-Commerce Business
E-commerce marketplaces popped up in the early 1990s and have been on the rise ever since. ...
Read this insight 
A New Frontier in Cryptocurrencies: What are NFTs?
Non-fungible tokens — a player in the shadowy cryptocurrency world — have increasingly been making their ...
Read this insight