How IRS auditors learn about your business industry
October 9, 2023
IRS examiners use publications called Audit Techniques Guides to prepare for audits in certain industries and those with various issues. You can read the publications too. Here’s how.
What employers should know about qualified retirement plan audits
October 6, 2023
Employers: Has your qualified retirement plan been properly audited recently? Here’s why this process is so important.
Employers: Mind the risks of at-will employment
October 5, 2023
Nowadays, most employees are hired under an at-will employment agreement. If your organization follows this doctrine, be sure everyone knows the rules and is aware of the exceptions.
Casualty loss tax deductions may help disaster victims in certain cases
October 4, 2023
Through 2025, the rules for deducting personal casualty losses on a tax return changed from what they were before 2018. However, you may still be able to claim a deduction if an event qualifies as a federally declared disaster.
FASB approves updated rules for disclosing income taxes
October 3, 2023
Updated rules have been approved that will require more detailed disclosures on income taxes to help stakeholders better understand your company’s tax position. Here’s what you should know.
What types of expenses can’t be written off by your business?
October 2, 2023
You want to be able to deduct business expenses on your tax return. But in order to be deductible, expenses must be ordinary, necessary and reasonable. Here are the rules.
