Under the Tax Cuts and Jobs Act, employees can no longer claim the home office deduction.
Financial statements help investors and lenders monitor a company’s performance. However, financial statements may not provide a full picture of financial health.
The Donor Bill of Rights was designed about 25 years ago as a blueprint of best practices for not-for-profits.
Strategic planning is key to ensuring every company’s long-term viability, and goal setting is an indispensable step toward fulfilling those plans.
Business owners may not be able to set aside as much as they’d like in tax-advantaged retirement plans.
Once upon a time, some parents and grandparents would attempt to save tax by putting investments in the names of their young children or grandchildren in lower income tax brackets.
Meal, vehicle and travel expenses are common deductions for businesses. But if you don’t properly document these expenses, you could find your deductions denied by the IRS.
IRS rules governing private foundations are complex and include many exceptions, which is why your foundation needs to write and follow a detailed conflict-of-interest policy.
When business use of websites began, getting noticed was the name of the game. Remember pop-up ads? Text scrolling up the screen? How about those mesmerizing rotating banners?
With its many changes to individual tax rates, brackets and breaks, the Tax Cuts and Jobs Act (TCJA) means taxpayers need to revisit their tax planning strategies.
The Tax Cuts and Jobs Act (TCJA) provides a valuable new tax break to noncorporate owners of pass-through entities: a deduction for a portion of qualified business income (QBI).
Issuing stock on the public markets isn’t right for every business.
Technology is tricky. Much of today’s software is engineered so well that it will perform adequately for years. But new and better features are being created all the time.
Auditors examining a not-for-profit’s financial statements spend considerable time on the revenue figures.
Because donations to charity of cash or property generally are tax deductible (if you itemize), it only seems logical that the donation of something even more valuable to you — your time — would al
For small businesses, managing payroll can be one of the most arduous tasks. Adding to the burden earlier this year was adjusting income tax withholding based on the new tables issued by the IRS.
If your not-for-profit wants to improve its budgeting, forecasting, fundraising or other functions but is having a hard time identifying both problems and solutions, data analytics can help.
“Going green” at home — whether it’s your principal residence or a second home — can reduce your tax bill in addition to your energy bill, all while helping the environment, too.
You’ve probably heard about the recent U.S. Supreme Court decision allowing state and local governments to impose sales taxes on more out-of-state online sales. The ruling in South Dakota v.
Auctions have long been lucrative fundraising events for not-for-profits. But these events come with some tax compliance responsibilities.
Analytical procedures can make audits more efficient and effective. First, they can help during the planning and review stages of the audit.
With Independence Day coming up, it’s a good time to check up on auditor independence issues. This is especially important in 2018. Why?
For tax years beginning in 2018 and beyond, the Tax Cuts and Jobs Act (TCJA) created a flat 21% federal income tax rate for C corporations.
On June 21, 2018, the Supreme Court rendered its decision in the South Dakota v. Wayfair Inc.