Keep tabs on culture to maximize productivity, minimize risks
May 11, 2022
No matter how long your organization has been around, it’s a good idea to regularly assess the advantages and risks of its culture. Here’s one time-honored tool for identifying yours.
Management letters: Follow up on your auditor’s recommendations
May 10, 2022
Take your audited financials to the next level by implementing the improvements contained in the management letter.
Businesses may receive notices about information returns that don’t match IRS records
May 9, 2022
If your business has independent contractors or makes other payments to customers or others, you probably file 1099 forms with the IRS. The tax agency is currently sending out notices about these forms to some taxpayers.
Want to turn a hobby into a business? Watch out for the tax rules
May 6, 2022
Coin collecting, photography, painting, writing, horse breeding and crafts are just some of the hobbies that taxpayers turn into businesses. Can they deduct the losses they incur on their tax returns?
The tax mechanics involved in the sale of trade or business property
May 4, 2022
The tax treatment of the sale of business assets can be complex. Here’s an overview.
Leveraging internal audits
May 3, 2022
Are you making the most of your internal audit team? Don’t let the skills of internal auditors go underutilized at your organization.
