Keeping meticulous records is the key to tax deductions and painless IRS audits
February 1, 2022
A careful approach to keeping business records can protect your tax deductions and help make an IRS audit much less difficult. Here are two cases to illustrate some of the issues involved.
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.
Smooth sailing: Tips to speed processing and avoid hassles this tax season
January 27, 2022
Help speed processing and avoid hassles this tax season with these tips.
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.
