Getting a new business off the ground: How start-up expenses are handled on your tax return
July 20, 2021
Business applications have increased over the past year, according to the U.S. Census Bureau. If you’re launching a business, here’s how start-up expenses are treated on a federal tax return.
Internal control questionnaires: How to see the complete picture
July 19, 2021
Internal controls are critical in today’s risky business world. Here’s how auditors can help themselves (and your management team) get a better handle on your company’s control system.
Employers should use online portal to fix SSN errors
July 17, 2021
Employers: The Social Security Administration recently made an important announcement about how you should catch and fix employee name and Social Security number errors.
Who in a small business can be hit with the “Trust Fund Recovery Penalty?”
July 14, 2021
The IRS will impose the “Trust Fund Recovery Penalty” on certain business owners and managers personally if employment taxes aren’t paid to the government. Find out if you could be liable.
Can taxpayers who manage their own investment portfolios deduct related expenses? It depends
July 13, 2021
Are you an investor or a trader? The difference is important for tax purposes.
Is your company ready for agile auditing?
July 12, 2021
The traditional approach to internal audits may be too rigid for the needs of modern businesses. Here’s a more flexible approach that’s growing in popularity.
