What Is on The FASB’s 2021 Agenda?
In December 2020, Richard Jones stepped up as chairman of the Financial Accounting Standards Board (FASB). After meeting with stakeholders in early 2021, Jones identified a list of high-priority projects
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Something Is Wrong in Your Office. Is It Fraud?
Not all red flags lead to active occupational fraud schemes. But when fraud is occurring, it usually leaves traces — for example, accounting anomalies — for fraud experts and other
Know the Ins & Outs Of ‘Reasonable Compensation’ for a Corporate Business Owner
Owners of incorporated businesses know there is a tax advantage to taking money out of a C corporation as compensation rather than as dividends. The reason: A corporation can deduct
Unemployed Last Year? Buying Health Insurance This Year? You May Benefit from Favorable New Changes.
In recent months, there have been a number of tax changes that may affect your individual tax bill. Many of these changes were enacted to help mitigate the financial damage
Ensure Competitive Intelligence Efforts Are Helpful, Not Harmful
With so many employees working remotely these days, engaging in competitive intelligence has never been easier. The Internet as a whole, and social media specifically, create a data-rich environment in
Reduce Your Non-Profit’s Liability Risk With D&O Insurance
Non-profit organizations may operate under the assumption that their missions and their board members’ good intentions protect them from litigation. Sometimes, this assumption is proven wrong with a lawsuit. To
Should a Tax Apportionment Clause Be in Your Estate Plan?
Even though the federal gift and estate tax exemption is currently very high ($11.7 million for 2021), there are families that still have to contend with significant federal estate tax
Employers Get More Relief from Failure-To-Deposit Employment Tax Penalties
Under the Internal Revenue Code, an employer would typically be penalized for failing to deposit certain federal employment taxes by the designated deadline. Examples include deposits of withheld income taxes
Accounting for Business Combinations
If your company is planning to merge with or buy another business, your attention is probably on conducting due diligence and negotiating deal terms. However, you also should address the
PPP Application Deadline Extended
President Biden has signed the PPP Extension Act of 2021. The new law extends the Paycheck Protection Program (PPP) application filing deadline from March 31, 2021 to May 31, 2021,