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Improve Job-Costing Systems With These Six Tips

Companies such as homebuilders, contractors, custom manufacturers, and professional practices that work on customer-specific or long-term projects generally track job costs to gauge the profitability of each project. Which, in

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IRS Notice Provides Penalty Relief on Nearly 5 Million 2020 & 2021 Tax Returns

By: Mike Nelson, CPA, CFE, CVA In a significant move to assist individuals, businesses, and tax-exempt organizations with outstanding tax obligations, the Internal Revenue Service (IRS) has announced new penalty

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Be Aware Of Securities Laws When Estate Planning

If your assets include unregistered securities, such as restricted stocks or interests in hedge funds or private equity funds, you must consider the securities laws that could affect various estate

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How Your Non-Profit Can Navigate The Potential Obstacles Of Going Global

If your non-profit is considering international expansion in 2024, be cautious. The rules for non-profit activities in the United States, like asking for donations, finding members, hiring workers, and selling

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Perform An Operational Review To See Glean Critical Insights

In the world of mergers and acquisitions (M&A), most business buyers do their homework before closing the deal. This means they carefully research the target company’s financial, legal, operational positions.

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While Not Easy, It Is Possible To Claim A Medical Expense Tax Deduction

If making your health a priority is among your New Year’s resolutions, you might wonder if you can offset your out-of-pocket medical expenses on your tax return. The eligibility for

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A Like-Kind Exchange May Be Attractive When Selling Commercial Or Investment Real Estate

If you’re contemplating the sale of appreciated commercial or investment real estate and wish to postpone the associated tax liability, consider leveraging a Section 1031 “like-kind” exchange. In this type

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Uncovering Hidden Assets: How Forensic Accountants Use A Lifestyle Analysis To Investigate Fraud

Divorcing spouses, business partners at odds, and fraud perpetrators often hide assets to obstruct fair distribution and perhaps hide gains from fraudulent activities. In these cases, sociological information from a

Technology & The Future Of Accounting

The accounting profession is experiencing a significant transformation due to technology. The shift from paper ledgers to spreadsheets enhanced the timeliness, accuracy, and integrity of accounting data for organizations. Similarly,

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Employers: Don’t Rush Through Orientation Or Mistake It For Onboarding

Is your company planning to recruit new personnel in the upcoming year? Considering that some level of turnover is practically unavoidable, it might be necessary. The successful integration of new