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Employers: Begin withholding income tax from the pay of any employee who claimed exemption from withholding in 2018 but did not give you a new IRS Form W-4 to continue the exemption for 2019....

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...

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...

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....