October 22, 2024
More than 32 million U.S. businesses are required to file beneficial ownership information (BOI) reports this year, but the clock is ticking.
September 18, 2024
Need another reason to maintain accurate and detailed financial statements? You’ll appreciate having them when it comes time to determine the value of your business.
August 30, 2024
Employers are left waiting after a court struck down – at least temporarily – a law that would ban most noncompete agreements.
August 19, 2024
The IRS has brought back a program that allows businesses to repay wrongfully gained employee retention credit money and avoid penalties.
August 2, 2024
For most business co-owners, the value of their business shares comprises a big percentage of their estates. Having a buy-sell agreement protects co-owners and their heirs and helps avoid hassles with the IRS.
June 21, 2024
Even if your business is established and on solid ground, don’t overlook the potential value of a detailed business plan.
June 16, 2024
As more companies report goodwill impairment issues and write-offs, it’s important for business owners to know the rules.
June 11, 2024
The fate of TCJA provisions could be decided by the November elections. But planning now might soften the blow of a worst-case scenario.
June 5, 2024
A FASB advisory group will focus on four big regulatory issues faced by private businesses this year and determine whether changes are needed.
April 11, 2024
Outsourcing payroll, also known as managed payroll, can decrease risk, increase accuracy, protect sensitive data and improve business continuity.
March 6, 2024
The deadline to comply with a new U.S. Department of Labor rule regarding worker classification is March 11.
February 18, 2024
Many employers who sought the employee retention credit aren’t even aware that they’re at risk of penalties and steep fines for making fraudulent claims. The IRS says these signs might help.
October 27, 2023
Extensive reporting requirements stemming from the Corporate Transparency Act will affect many business owners starting January 1.
September 22, 2023
Identifying related parties is just one of many parts that go into preparing financial statements. Here’s why they matter, why auditors give them scrutiny, and how to avoid the risks that often accompany them.
August 16, 2023
Scammers are hyping quick, easy money from the employee retention tax credit, but despite what you might hear in the slick advertisements, the IRS has a warning for employers.
January 16, 2023
Every business can be an innovator. The research tax credit is a way to reward that innovation, and it comes with an intriguing feature related to payroll taxes.
April 6, 2022
Businesses and nonprofit groups are gradually adjusting to requirements of the new lease accounting standard, such as bringing most leases onto the balance sheet. Since ASC 842 can seem confusing, here’s a quick guide to ease the adjustment period.
February 24, 2022
Being fully prepared and organized can help your financial statement audit go smoothly and ultimately save your business or organization time, money, and headaches.
December 3, 2021
Diversity, equity, and inclusion are buzzwords in modern strategic management. Here are some of the benefits that initiatives in these areas bring to public and private companies and how companies can showcase their progress in footnote disclosures and separate diversity, equity, and inclusion reports.
October 11, 2021
During the COVID-19 pandemic, many audit procedures have been performed remotely, forcing auditors to rely more heavily on analytical procedures. It’s important to understand how auditors use analytical procedures to make audits more efficient and effective.
September 2, 2021
Have you taken a few minutes to really explore QuickBooks’ report center? It’s the best way to learn about the variety of reports available from one of QuickBooks’ most powerful components.
July 3, 2021
Tennessee offers a variety of tax-saving credits. Do you know what’s available and how they could help your business?
May 11, 2021
Cybercrime isn’t just an issue for big corporations. Your small business can be a target, too. Are you protecting your QuickBooks data?
April 7, 2021
The value of an internal audit is different for everyone and can change based on circumstances, but a solid framework can provide the conditions necessary to deliver value to you.