President Biden has signed into law the new debt ceiling agreement that he reached with U.S. House of Representatives Speaker Kevin McCarthy (R-CA). The Fiscal Responsibility Act (FRA) suspends —...... Read More
Generally Accepted Accounting Principles (GAAP) is generally considered the gold standard in financial reporting in the United States. But private and public entities may sometimes use non-GAAP metrics in their...... Read More
Have you successfully filed your 2022 tax return with the IRS? You may think you’re done with taxes for another year. But some questions may still arise. Here are brief...... Read More
If your business occupies substantial space and needs to increase or move from that space in the future, you should keep the rehabilitation tax credit in mind. This is especially...... Read More
Accounting and auditing standards have come under scrutiny in the wake of recent high-profile bank failures. Investigations are currently underway about what went wrong with Silicon Valley Bank and Signature...... Read More
Once you file your 2022 tax return, you may wonder what personal tax papers you can throw away and how long you should retain certain records. You may have to...... Read More
If you’re starting a business with some partners and wondering what type of entity to form, an S corporation may be the most suitable form of business for your new...... Read More
Have your company’s accounting records become cluttered with duplicate items and unused accounts? When you need to revise your QuickBooks® lists — such as the chart of accounts, customers and...... Read More
If you're an art collector, you might be interested in the tax benefits associated with giving a piece of artwork to a good cause. Regarding such contributions, a number of...... Read More
Under tax law, businesses can generally deduct advertising and marketing expenses that help keep existing customers and bring in new ones. This valuable tax deduction can help businesses cut their...... Read More
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