Audit disclosures: Why the fine print is important
February 10, 2022
Audited financial statements contain footnotes that disclose a wealth of useful information. Too often, however, no one bothers to read them.
Requesting a Tax Court review of an IRS employment tax determination
February 7, 2022
Employers: Do you know your recourse if the IRS reclassifies an independent contractor as an employee? Recent guidance addresses the process of petitioning for a U.S. Tax Court review.
The ABCs of activity-based costing
January 31, 2022
What’s the “true” cost of a product or job? The answer is critical to evaluating your company’s profitability and may be found through activity-based costing.
EBSA increases penalties for ERISA violations
January 28, 2022
Employers that sponsor retirement and health plans: The penalties for violating ERISA have been adjusted for inflation and they’ve all gone up. Details here.
How to look for missing 401(k) plan participants
January 26, 2022
Employers that sponsor 401(k) plans often lose touch with participants who leave the organization. The U.S. Department of Labor recommends various best practices for tracking them down.
Entrepreneurs and taxes: How expenses are claimed on tax returns
January 25, 2022
Entrepreneurs be aware: Not all start-up expenses can be deducted on your federal tax return right away. Some may have to be amortized over time.
