Going green could save greenbacks and more

Thursday, May 25, 2023
Nowadays many businesses are looking for creative ways to cut costs and preserve profits. As a bonus, some profit-enhancement initiatives can also be good for the environment. Here are some...... Read More

Do you qualify for head of household tax filing status?

Tuesday, May 23, 2023
When preparing your tax return, we’ll check one of the following statuses: Single, married filing jointly, married filing separately, head of household or qualifying widow(er). Filing a return as a...... Read More

Tax advantages of hiring your children this summer

Monday, May 22, 2023
Summer is around the corner so you may be thinking about hiring young people at your small business. At the same time, you may have children looking to earn extra...... Read More

Close-up on sources of substantive audit evidence

Thursday, May 18, 2023
Organizations that understand how auditors verify account balances and transactions can minimize disruptions during audit fieldwork and maximize the effectiveness of financial statement audits. Here’s a summary of the types...... Read More

Claiming Losses on worthless or depreciated stock

Tuesday, May 16, 2023
Have you bought stock in a company that later dropped in value? While you may prefer to forget such an ill-fated investment, at least you can claim a capital loss...... Read More

Allowable home office expenses if you run a business

Monday, May 15, 2023
Many people began working from home during the COVID-19 pandemic — and many still work from their home offices either all the time or on a hybrid basis. If you’re...... Read More

Tap into specialized functions in Quickbooks

Thursday, May 11, 2023
QuickBooks® provides an all-in-one solution that helps some small and medium-sized businesses manage their finances. While QuickBooks provides the accounting backbone for many companies, it has advanced features that go...... Read More

Is money awarded in a lawsuit or settlement considered tax-free?

Tuesday, May 09, 2023
You generally must pay federal tax on all income you receive but there are some exceptions when you can exclude it. For example, compensatory awards and judgments for “personal physical...... Read More

Key tax issues in M&A transactions

Monday, May 08, 2023
Merger and acquisition activity dropped dramatically last year due to rising interest rates and a slowing economy. The total value of M&A transactions in North America in 2022 was down...... Read More

How can visual aids enhance your financial reporting

Thursday, May 04, 2023
Graphs, charts, tables and other data visualizations can be inserted in your financial statement disclosures to improve transparency and draw attention to key accomplishments. As your organization prepares its year-end...... Read More