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Employers: Begin withholding income tax from the pay of any employee who claimed exemption from withholding in 2017 but did not give you a new IRS Form W-4 to continue the exemption for 2018....

Financial statement auditors spend a lot of time evaluating how their clients report work in progress (WIP) inventory. Here is why this account warrants special attention and how auditors evaluate whether WIP estimates seem reasonable. Accounting for inventory Companies must report the value of raw materials, WIP,...

All Businesses: Give annual information statements to recipients of certain payments you made during 2017. Payments that are covered include amounts paid in real estate transactions (IRS Forms 1099-S); amounts paid in broker and barter exchange transactions (IRS Forms 1099-B); and payments to attorneys (IRS Form...

A growing number of businesses have been victimized by W-2 phishing scams. These frauds are a variation on traditional phishing scams, where criminals trick email users into providing confidential information, and then use that information to steal money or the victim’s identity. How it works In a...