Fortify your organization against employee fraud
December 22, 2023
Employers, are you doing everything in your power to prevent employee fraud and detect any schemes that do occur?
Court awards and out-of-court settlements may (or may not) be taxed
December 19, 2023
You want the best tax result possible if you’re set to receive a personal injury or discrimination settlement or award. Some amounts are taxable while others are excluded from your taxable income. Here are the rules.
What is your external auditor’s responsibility for cybersecurity?
December 18, 2023
What’s the average cost of a data breach? As average losses continue to rise, it’s important for companies to understand the scope of auditors’ responsibilities related to cybersecurity.
2024 limits and thresholds for qualified retirement plans
December 15, 2023
Employers: The IRS recently issued 2024 inflation adjustments for many types of qualified retirement plans. Be sure to read up on the latest amounts.
FASB issues new segment expense disclosure rules
December 13, 2023
Starting in 2024, public companies must comply with new accounting rules requiring them to disclose more details about their business unit costs. This is the most significant change to segment expense reporting in 25 years.
The “nanny tax” must be paid for nannies and other household workers
December 12, 2023
In 2023, if you pay a household worker cash wages of $2,600 or more, you must withhold and pay Social Security and Medicare taxes. Here’s what the amount will be for 2024, along with details about possible tax obligations for household workers.
