Tuesday, August 01, 2023
If you’re a crypto investor or user, you may have noticed something new on your tax return this year. And you may soon notice a new form reporting requirements for...... Read More
Monday, July 31, 2023
If you’re the owner of an incorporated business, you know there’s a tax advantage to taking money out of a C corporation as compensation rather than as dividends. The reason:...... Read More
Friday, July 28, 2023
Businesses and tax-exempt organizations should watch out for telltale signs of misleading claims involving the Employee Retention Credit. Scammers and unscrupulous promoters continue to run aggressive broadcast advertising, direct mail solicitations...... Read More
Thursday, July 27, 2023
The COVID-19 epidemic, geopolitical unpredictability, increased expenses, and declining customer confidence have all upset traditional business strategies in a number of industries. The amended accounting guidelines for disclosing discontinued activities...... Read More
Tuesday, July 25, 2023
The IRS’s interest in cryptocurrency has increased. In 2021, for example, the agency launched Operation Hidden Treasure to root out taxpayers who don’t report income from cryptocurrency transactions on their...... Read More
Monday, July 24, 2023
Under tax law, to claim deductions, you must meet certain requirements for out-of-town business travel within the United States. The rules apply if the business conducted reasonably requires an overnight...... Read More
Thursday, July 20, 2023
A crucial performance indicator is working capital, which refers to the money your business has committed to accounts receivable, accounts payable, and inventory. Managers look for ways to free up...... Read More
Tuesday, July 18, 2023
You may wonder what medical expenses you can include if you itemize deductions on your tax return. The IRS recently issued frequently asked questions addressing when certain costs are qualified...... Read More
Monday, July 17, 2023
Recent studies have rekindled fears about the Social Security program's approaching insolvency in the absence of congressional action. Because the alternatives for preventing insolvency will undoubtedly result in suffering for...... Read More
Friday, July 14, 2023
The Internal Revenue Service (IRS) issued final regulations on e-file for businesses, requiring certain filers to e-file beginning in 2024 for the 2023 tax year. The complete regulations are found...... Read More
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