Find What Your Looking For

Category: Articles

Inventory Management WIP Non-GAAP Metrics Reduce Billing Bottlenecks Auditor Independence Accounting Methods Year-End Financials Auditing Revenue Recognition Inventory Management System Access To Capital M&A Due Diligence What Is Materiality Job-Costing Systems Technology Bank Reconciliation Cybersecurity New Segment Expense Disclosure Rules QuickBooks To Prepare 2024 Budgets Safeguard Organization Assets Offsetting Rules Inventory Count negotiation M&A Accounting Monthly Financial Close Shareholder advance Payroll challenges Prepare for audit QuickBooks income tax Crypto Accounting Percentage-Of-Completion Financial Statement PCAOB Overhead Mileage in QuickBooks UTPs Cross-Train Employee Benefit Plan Audits Accounts Receivable

Considering QuickBooks? What You Need To Know

QuickBooks® is the leading accounting software program for small and medium-sized organizations. If you’re interested in using QuickBooks for your bookkeeping needs, you may have questions about implementation and using

split annuity Estate Planning Terms Living Will Trust Protector LTC Expenses Incentive Trusts Gift Tax Return Family Business Succession Planning Special Needs Trust Elderly Parents In Your Estate Plan Beneficiary Designations Turn Down An Inheritance Power Of Attorney Inter Vivos Securities Laws DAPT College-Age Children Do Need An Estate Plan Estate Planning Documents Annual Gift Tax Exclusion CRT Name A Guardian Power To Remove A Trustee Living Trust Owning Assets Silent & Incentive Trusts Payable-On-Death Accounts Reduce your estate tax Executor Art Collection QTIP Trust portability Life insurance Portability Probate Original Will Estate Planning Estate Plan Estate Planning Estate Planning Asset Protection Strategies

The Complexity Of Addressing Intellectual Property (IP) In An Estate Plan

As is typical, you’ve probably accumulated a wide variety of tangible assets throughout your life. Such valuables, ranging from automobiles to works of art to property and beyond, are usually

Pivot strategy Payroll Risks Generative AI For Businesses Financial Statements Sec. 179 Tax Deduction Health Care Plan Assessing Customer Credit QBI Deduction Cash Withdrawal Small business retirement Spouse travel expenses Accounting Software Strategic Planning Process Insurance Schemes Enterprise Risk Management Program Account-Based Marketing Wrong Software For Your Organization Operational Review Internal Benchmarking Reports Sales approach Capturing Data Older Workers Pooled Employer Plans Financial Statement Options BOI Reporting Rules Privileged Users Medicare Premiums DOL Business valuation Trust Fund Recovery Penalty Value-Based Sales Fringe Benefits Green Lease Strategic Planning Financial Reporting Marketing Strategy Succession planning health care benefits Cyberinsurance PTO Buying Media Screening Pipeline Management Billing Best Practices Solo 401(k)

Last Year’s Business Plan May Be This Year’s Road Map

A new calendar year means a new start for all organizations. Whether you’ve done a lot of strategic planning or just a little, start checking your objectives and expectations by

Fraud Risk Board Committees Sudden Wave Of Support Non-Profit Restructuring Inflation Reduction Mission changes Reimbursement Policy Protecting Your Non-Profit Against Financial Threats Non-Profit Retirment Plan Look Internally To Fill Non-Profit Guide To Planned Giving Financial Statement Auditing Process Flexible Budget Rules Of Form W-9 Potential Obstacles Of Going Global Advertising Payments To Non-Profits Searching For New Staffers Operate Your Non-Profit 501(c)(6) Board Meeting Minutes Planned Gifts Diversity For-Profit Subsidiary IRS Compliance Merging Non-Profits Return a donation Internal Controls Term Limits Pay transparency Accountable Plan Fundraising Disaster Plan Audit Conflict-Of-Interest HR Function Volunteer Risk non-profit tax reporting Cryptocurrency Donations Culture

Worried About Tax & Accounting Errors? Here Are Tips For Prevention.

When filing your Form 990 with the IRS, it’s important to double check for data errors. Your non-profit should strive to be as accurate as possible when preparing accounting and

Taxation Of Rebates Tax Agenda DOL Final Ruling Employee Retention Credit Voluntary Disclosure Program 2024 Tax Calendar New Threshold For Electronically Filing Information Returns ERTC Relief Program For Employers Penalty Relief Corporate Transparency Act IRS Delays Implementation of New Reporting Rule for Taxpayers Cost-Of-Living Adjustment ERTC ERTC IRS ERTC RMD

Year-End Spending Package Tackles Retirement Planning, Conservation Easements

Now signed into law by President Biden, this sprawling year-end spending ‘omnibus’ package includes two important new laws that could affect your financial planning: the Setting Every Community Up for

How Long Should You Wait To Update Your Accounting Software?

“Well, it still works, and everyone knows how to use it, but….” Most likely, you’ve heard this before in your workplace. Organizations often tend to keep their accounting software far

Profit Loss M&A Fairness Opinions Solvency Valuation Events Business Valuation Equation Steps Of A Valuation Process Timing When Valuing A Business Rebuttal Reports Going-Concern Value Levels of Value Buy-Sell Agreements Transaction Databases Lost Business Value ESOP Valuations Management Interviews Reasonable Compensation Intangible Assets Chapter 11 Valuation Valuing A Business In Divorce Proceedings

How To Incorporate Valuation Provisions Into Buy-Sell Agreements

Carefully considered business valuations are at the heart of every successful buy-sell agreement. It’s important to think through valuation matters in order to anticipate potential sticking points. When the owners

Renting Out Your Home Retirement plan Submitting Your Tax Return Valid Business Expenses In IRS Audits File For An Extension Tax Deadlines Retirement Account Required Minimum Distributions Vacation Property Rentals Affecting Your Taxes Social Security Benefit Taxation Tax Implications of Unemployment Unused 529 College Funds IRA Contribution Gift Tax Return Difference Between Filing Jointly Or Separately Substantiation For Your 2023 Charitable Donations IRA Questions Filing 2023 Tax Year Returns Kiddie Tax Rules Medical Expense Tax Deduction Tax Obligations Of Moving To Another State How Are Court Awards & Out-Of-Court Settlements Taxed Nanny Tax Reduce Your 2023 Tax Bill FSA 2024 Inflation-Adjusted Federal Tax Amounts 10% Penalty Tax Restricted Stock 401(K) Plan SECURE 2.0 Scholarships Considered Taxable Income Casualty Loss Tax Deductions Tax Implications HSA Investment Gift Tax Selling your home Employer-Provided Life Insurance ABLE account Student Loan Interest Tax Breaks Catch-Up Contributions Tax Text Or Email From The IRS

Tax Traps When Renting To A Relative

Are you considering renting your home to a relative? If so, you might be surprised to find out there could be tax consequences. Quick Rundown Of The RulesRenting out a

Bartering Without Cash Transactions Spouse Travel Expenses Tax Efficiency Starting A Business As A Sole Proprietor Employee Retention Tax Credit Emergency Savings Accounts QSBC Advantage Green Tax Reform Employees Receive Tips Selling Commercial Or Investment Real Estate Standard Business Mileage Rate EV Reporting Requirements Section 174 Tax Calendar Tax Breaks Company Vehicle Benefits Tax Strategies for Financial Success 2023 Tax Bill 2024 Inflation-Adjusted Tax Parameters For Small Businesses Cost Segregation Study Business Entity Per Diem Business Travel Rates Social Security Wage Base Tax Depreciation Rules Work Business Expense Deductions Deadline TAx Tax issues Depreciating Business Assets Loan Guarantees LLC Tax-Saving S corporation Handling Expenses On Your Tax Return

Reduce The S Corporation Last In, First Out (LIFO) Recapture Tax

Are you considering converting your C corporation to an S corporation? If so, be aware there may be tax implications if you’ve been using the LIFO inventory method. That’s because

Is The International Convergence Project Still On Track?

The U.S. Generally Accepted Accounting Principles (GAAP) has talked about converging with the International Financial Reporting Standards (IFRS) for quite some time. However, the formal convergence project lost steam around