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Auditing concepts: Close-up on materiality Auditing concepts: Close-up on materialityAccounting

Auditing concepts: Close-up on materiality

As audit season begins for calendar-year entities, it’s important to review issues that may arise…
Diana
DianaJanuary 16, 2024
Got independent contractors? Get to know Form W-9 Got independent contractors? Get to know Form W-9Nonprofit

Got independent contractors? Get to know Form W-9

If your not-for-profit is perpetually shorthanded, you may have decided to engage independent contractors or…
Diana
DianaJanuary 10, 2024
The kiddie tax could affect your children until they’re young adults The kiddie tax could affect your children until they’re young adultsIndividuals

The kiddie tax could affect your children until they’re young adults

The so-called “kiddie tax” can cause some of a child’s unearned income to be taxed…
Diana
DianaJanuary 10, 2024
Did your business buy the wrong software? Did your business buy the wrong software?Business

Did your business buy the wrong software?

No one likes to make a mistake. This is especially true in business, where a…
Diana
DianaJanuary 10, 2024
Does your business have employees who get tips? You may qualify for a tax credit Does your business have employees who get tips? You may qualify for a tax creditBusiness

Does your business have employees who get tips? You may qualify for a tax credit

If you’re an employer with a business where tipping is routine when providing food and…
Diana
DianaJanuary 8, 2024
Defer a current tax bill with a like-kind exchange Defer a current tax bill with a like-kind exchangeBusiness

Defer a current tax bill with a like-kind exchange

If you’re interested in selling commercial or investment real estate that has appreciated significantly, one…
Diana
DianaJanuary 5, 2024
Going global: How your nonprofit can navigate potential obstacles Going global: How your nonprofit can navigate potential obstaclesNonprofit

Going global: How your nonprofit can navigate potential obstacles

If your not-for-profit’s 2024 plans include international expansion, take care. Rules that apply to U.S.-based…
Diana
DianaJanuary 5, 2024
It’s possible (but not easy) to claim a medical expense tax deduction It’s possible (but not easy) to claim a medical expense tax deductionIndividuals

It’s possible (but not easy) to claim a medical expense tax deduction

One of your New Year’s resolutions may be to pay more attention to your health.…
Diana
DianaJanuary 5, 2024
Perform an operational review to see how well your business is running Perform an operational review to see how well your business is runningBusiness

Perform an operational review to see how well your business is running

In the wide, wide world of mergers and acquisitions (M&A), most business buyers conduct thorough…
Diana
DianaJanuary 5, 2024
6 tips to improve job-costing systems 6 tips to improve job-costing systemsAccounting

6 tips to improve job-costing systems

Companies that work on customer-specific or long-term projects — such as homebuilders, contractors, custom manufacturers…
Diana
DianaJanuary 5, 2024
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