Ways to speed up your month-end close

Thursday, December 28, 2023
Does your company struggle to close its books at the end of each month? The month-end close requires accounting personnel to round up data from across the organization. This process...... Read More

Casualty loss tax deductions may help disaster victims in certain cases

Tuesday, December 26, 2023
This year, many Americans have been victimized by wildfires, severe storms, flooding, tornadoes and other disasters. No matter where you live, unexpected disasters may cause damage to your home or...... Read More

It’s important to understand how taxes factor into M&A transactions

Monday, December 25, 2023
In recent years, merger and acquisition activity has been strong in many industries. If your business is considering merging with or acquiring another business, it’s important to understand how the...... Read More

4 Ways to Prepare for Next Years Audit

Thursday, December 21, 2023
Every fall, CPAs are busy preparing for audit season, which generally runs from January to April each year. This includes meeting with clients, assigning staff and scheduling fieldwork.Likewise, organizations with...... Read More

What are the tax implications of winning money or valuable prizes?

Tuesday, December 19, 2023
If you gamble or buy lottery tickets and you’re lucky enough to win, congratulations! After you celebrate, be aware that there are tax consequences attached to your good fortune.Winning at...... Read More

Did You Know Your Spouse-Run Businesses Face Special Tax Issues?

Monday, December 18, 2023
Do you and your spouse together operate a profitable unincorporated small business? If so, you face some challenging tax issues.The partnership issueAn unincorporated business with your spouse is classified as...... Read More

Businesses: Do you have to comply with the new corporate transparency reporting rules?

Friday, December 15, 2023
Your business may soon have to meet new reporting requirements that take effect on January 1, 2024. Under the Corporate Transparency Act (CTA), enacted in 2021, certain companies will be...... Read More

Are you ready for year-end inventory counts?

Thursday, December 14, 2023
As year end approaches, it’s time for some calendar-year businesses to perform physical inventory counts. This activity is more than a time-consuming chore; it’s an opportunity to improve your company’s...... Read More

Is a Health Savings Account Beneficial For You?

Tuesday, December 12, 2023
With the escalating cost of health care, many people are looking for a more cost-effective way to pay for it. For eligible individuals, a Health Savings Account (HSA) offers a...... Read More

Depreciating Business Assets Update

Monday, December 11, 2023
The Tax Cuts and Jobs Act liberalized the rules for depreciating business assets. However, the amounts change every year due to inflation adjustments. And due to high inflation, the adjustments...... Read More