Is your company ready for agile auditing?
July 12, 2021
The traditional approach to internal audits may be too rigid for the needs of modern businesses. Here’s a more flexible approach that’s growing in popularity.
IRS continues to address COVID-related leave
July 9, 2021
Employers may still be able to claim the paid sick leave or paid family leave tax credits provided under the American Rescue Plan Act. However, you’ll need to substantiate eligibility carefully.
IRS audits may be increasing, so be prepared
July 6, 2021
An IRS audit seems scary but may be nothing to worry about. In many cases, the IRS closes an audit after receiving requested documentation. Here are the latest IRS statistics, as well as some tips on how to help come out of an audit with a favorable result.
10 facts about the pass-through deduction for qualified business income
July 6, 2021
Owners of “pass-through” businesses can claim a valuable tax deduction that was created by a 2017 law. Here’s how much it’s worth and who is eligible.
Be prepared for 401(k) casualty loss hardship distribution requests
July 2, 2021
Employers: If you sponsor a 401(k) plan, don’t be surprised if a participant requests a hardship distribution to repair home damage. Here’s what you’ll need to do.
Auditing WIP
July 2, 2021
Accounting estimates attract special attention from auditors. Work in progress is a common example of an account that’s based on management’s estimates. Here’s a closer look.
