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Cutoffs: When to report revenue and expenses Cutoffs: When to report revenue and expensesAccounting

Cutoffs: When to report revenue and expenses

Timing is critical in financial reporting. Under accrual-basis accounting, the end of the accounting period…
Diana
DianaSeptember 27, 2024
Beneficial Ownership Information Reminder Is your business subject to the new BOI reporting rules?Business

Beneficial Ownership Information Reminder

As a result of the 2021 Corporate Transparency Act (CTA), certain business entities may be…
Diana
DianaSeptember 25, 2024
Strong controls over financial reporting are essential Strong controls over financial reporting are essentialAccounting

Strong controls over financial reporting are essential

Public companies are required to evaluate and report on internal controls over financial reporting using…
Diana
DianaSeptember 25, 2024
CFOs need more than accounting skills CFOs need more than accounting skillsAccounting

CFOs need more than accounting skills

Is your company planning to hire a new CFO? A recent survey found that hiring…
Diana
DianaSeptember 25, 2024
Understanding the $7,500 federal tax credit for buying an electric vehicle Understanding the $7,500 federal tax credit for buying an electric vehicleIndividuals

Understanding the $7,500 federal tax credit for buying an electric vehicle

Electric vehicles (EVs) have become increasingly popular. According to Kelley Blue Book estimates, the EV…
Diana
DianaSeptember 25, 2024
6 tax-free income opportunities 6 tax-free income opportunitiesIndividuals

6 tax-free income opportunities

Believe it or not, there are ways to collect tax-free income and gains. Here are…
Diana
DianaSeptember 25, 2024
When your nonprofit’s debt-financed income is subject to tax When your nonprofit’s debt-financed income is subject to taxNonprofit

When your nonprofit’s debt-financed income is subject to tax

If your nonprofit has investment income, dividends, interest, rents and annuities, they’re generally excluded when…
Diana
DianaSeptember 25, 2024
Welcome charitable pledges — and account for them properly Welcome charitable pledges — and account for them properlyNonprofit

Welcome charitable pledges — and account for them properly

The difference between financial pledges and donations is relatively simple: Pledges are promises to donate…
Diana
DianaSeptember 25, 2024
Help ensure your partnership or LLC complies with tax law Help ensure your partnership or LLC complies with tax lawBusiness

Help ensure your partnership or LLC complies with tax law

When drafting partnership and LLC operating agreements, various tax issues must be addressed. This is…
Diana
DianaSeptember 25, 2024
Reasons an LLC might be the ideal choice for your small to medium-size business Reasons an LLC might be the ideal choice for your small to medium-size businessBusiness

Reasons an LLC might be the ideal choice for your small to medium-size business

Choosing the right business entity is a key decision for any business. The entity you…
Diana
DianaSeptember 25, 2024
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