To provide businesses and their owners with some relief from the financial effects of the COVID-19 crisis, the Coronavirus Aid, Relief, and Economic Security (CARES) Act eases the rules for
For your business, you want the very best, but you can’t do everything alone. Still, you don’t always have to put top-class talent directly on the company payroll. Instead, you
Many not-for-profit organizations rely on contributions of nonfinancial assets, commonly referred to as gifts-in-kind, to help achieve their missions. A new Accounting Standards Update issued by the Financial Accounting Standards
If a relative needs financial help, offering an intrafamily loan might seem like a good idea. But if not properly executed, such loans can carry negative tax consequences — such
One of the decisions an organization faces during its annual budget process is whether or not to engage an external CPA firm to conduct an audit of its financial statements.
What are the tax implications of these common COVID-19 related situations? COVID-19 has certainly changed our lives in many ways: many people are either working remotely or have been furloughed
To provide tax relief to businesses suffering during the COVID-19 pandemic, the Coronavirus Aid, Relief, and Economic Security (CARES) Act temporarily relaxes the limitation on deductions for business interest expense.
Are you close to retirement? In planning for retirement, an important question to consider: Are my social security benefits going to be taxable? The short answer is, it depends. To
Despite being in the middle of the COVID-19 pandemic, students are going back to school this fall, either remotely or in-person. This means parents may still be eligible for certain
This is a follow up from our previous blog post here. On August 8th, President Trump issued a memorandum calling for a temporary payroll tax deferral for the collection of