Tax breaks to consider during National Small Business Week
September 14, 2021
Before Dec. 31, you may want to make some tax moves to save on 2021 taxes. Here are a few strategies.
Restating financial results
September 13, 2021
Stakeholders are understandably alarmed when a company restates its financial results. However, the reasons for restatements can range from the mundane to the serious.
Defining involuntarily termination for the ARPA COBRA subsidy
September 10, 2021
Many employers must provide COBRA coverage to departing employees. Recent IRS guidance addresses how to define involuntary termination in relation to the 100% COBRA premium subsidy.
Claiming a theft loss deduction if your business is the victim of embezzlement
September 9, 2021
If your business is victimized by theft, embezzlement or internal fraud, you may be able to claim a tax deduction for the loss. But there are requirements that must be followed as one U.S. Tax Court decision illustrates.
Want to find out what IRS auditors know about your business industry?
August 31, 2021
If you own or operate a business, you may not know that the IRS has “Audit Techniques Guides” for certain industries and tax issues. IRS examiners use them to prepare for audits and you can read them too. Here’s how.
Financial reporting issues to consider in “going private” transactions
August 27, 2021
Is it time to take your company out of the public eye? Public companies may be considering delisting to lower costs and reduce outside scrutiny. Here are some critical issues to factor into this decision.
