Home
01 Feb Department of Labor Increases Penalties for Many Labor Law Violations
Every employer knows that failing to comply with federal laws is costly, but it is getting even more so. The Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 directs federal agencies to adjust civil penalties for inflation each year. As a result, the...
01 Feb Private Companies: Have You Implemented the New Revenue Recognition Standard?
Private companies that follow U.S. Generally Accepted Accounting Principles (GAAP) must comply with the landmark new revenue recognition standard in 2019. Many private company chief financial officers and controllers report that they still have significant work to do to meet the demands of the sweeping...
01 Feb February 15
All businesses: Give annual information statements (IRS Forms 1099) to recipients of certain payments you made during 2018. Payments that are covered include (1) amounts paid in real estate transactions; (2) amounts paid in broker and barter exchange transactions; and (3) substitute payments and gross...
31 Jan IRS Says Business Meal Deductions Still Apply
The Tax Cuts and Jobs Act (TCJA) of 2017 generally disallowed all deductions for business entertainment, amusement, and recreation. However, the TCJA did not specifically turn thumbs up or down on the deductibility of business meal expenses. Example: Jim Morgan, who owns a roof cleaning business,...
30 Jan Refine Your Strategic Plan a SWOT Analysis
With the year underway, your business probably has a strategic plan in place for the months ahead. Or maybe you have created a general outline but have not quite put the finishing touches on it yet. In either case, there is a time-tested approach to...
30 Jan Is Your Non-Profit Ready for A Raffle?
Raffles are popular fundraisers for non-profits, but they’re subject to strict tax rules. State laws on non-profit-sponsored raffles can vary significantly, but non-profits must comply with federal income tax requirements linked to unrelated business income (UBI), reporting, and withholding. UBI tax Non-profits are required to pay...
29 Jan Depreciation-Related Breaks on Business Real Estate: What You Need to Know When You File Your 2018 Return
Commercial buildings and improvements generally are depreciated over 39 years, which essentially means you can deduct a portion of the cost every year over the depreciation period. (Land is not depreciable). But special tax breaks that allow deductions to be taken more quickly are available...
28 Jan Are Your Employees Flying the Red Flags of Fraud?
Forensic accountants are best qualified to unearth the ‘hows and whys’ of occupational fraud, but it is up to employers to know when it is time to call for professional help in the first place. The signs of fraud can be easy to miss, but...
25 Jan Evaluating Your Audit Committee
Under the Sarbanes-Oxley Act, the audit committee — not management or the full board of directors — is directly responsible for appointing, compensating, and overseeing external auditors. Periodically, it is a good idea to assess the effectiveness of your audit committee by performing a self-evaluation....
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- 20
- 21
- 22
- 23
- 24
- 25
- 26
- 27
- 28
- 29
- 30
- 31
- 32
- 33
- 34
- 35
- 36
- 37
- 38
- 39
- 40
- 41
- 42
- 43
- 44
- 45
- 46
- 47
- 48
- 49
- 50
- 51
- 52
- 53
- 54
- 55
- 56
- 57
- 58
- 59
- 60
- 61
- 62
- 63
- 64
- 65
- 66
- 67
- 68
- 69
- 70
- 71
- 72
- 73
- 74
- 75
- 76
- 77
- 78
- 79
- 80
- 81
- 82
- 83
- 84
- 85
- 86
- 87
- 88
- 89
- 90
- 91
- 92
- 93
- 94
- 95
- 96
- 97
- 98
- 99
- 100
- 101
- 102
- 103
- 104
- 105
- 106
- 107
- 108
- 109
- 110
- 111
- 112
- 113
- 114
- 115
- 116
- 117
- 118
- 119
- 120
- 121
- 122
- 123
- 124
- 125
- 126
- 127
- 128
- 129
- 130
- 131
- 132
- 133
- 134
- 135
- 136
- 137
- 138
- 139
- 140
- 141