Do you spend time volunteering for charity? While you can’t deduct the value of your time, you may be able to deduct some of the out-of-pocket costs. Here are the rules.
Even if your nonprofit’s bylaws are outdated, you can’t just start revising them. First, you need to ensure you have the authority to do so. There are also other considerations. Read more about them.
Defrauded companies understandably want to receive the highest restitution award available. But fraud experts must consider several factors when choosing a damages calculation method.
If you buy or sell business assets in an M&A deal, you’re required to report the details of the transaction to the IRS. The tax agency may then compare what both parties report to ensure they’re identical.
In the past couple of years, major changes have been made to the taxation of both C corporations and pass-through entities (including sole proprietorships). So what’s the best entity choice for your small business?
Although you might want to enjoy the lazy days of summer, employers and businesses shouldn’t take it so easy that they miss these important Q3 2019 tax deadlines.
Are you selling your principal residence? You may be able to exclude up to $250,000 ($500,000 for married joint filers) of gain. Here are the tax rules for home sales.
Interim financial reports don’t have to be perfect to give stakeholders insight into midyear financial performance. But it’s important to learn their potential shortcomings to avoid jumping to premature conclusions.
CPAs offer a wide menu of services. One of the lesser-known options is an agreed upon procedures (AUP) engagement. It uses procedures similar to an audit, but on a limited scale. It may target specific financial or nonfinancial data or a specific financial statement.
