While several changes were made, one of the most important was changing the 11-Month Rule for determining whether someone is a permanent resident of New York state to a 10-Month Rule, beginning in the tax year 2022.
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As of the 2021 financial reporting period, the Statement of Auditing Standards (SAS) No. 134 audit opinion requirements went through substantial changes. The new standards take effect for audits of financial statements for periods ending on or after Dec. 15, 2021.
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Whether you're a veteran in the world of government contracts, or a newbie, you may have some questions about starting a government contract on the right foot. Click though to get the answers you need to some essential questions before you start your next contract.
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The term "audit" carries a negative stigma and conjures images of grueling paperwork. But did you know that an audit might be to your advantage? Click through below to learn the benefits of nonprofit auditing.
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New entrepreneurs think about production, marketing, sales and human resources — but often forget the tax angle. You need to be on top of your IRS situation from day one. Click through for an overview of taxes for new businesses.
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There's a lot to think about before taking your company public. Don't consider going public unless all or most of the following are true.
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The Employee Retention Credit now applies only to wages paid before October 1, 2021, unless the employer is a recovery startup business. Read more…
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Now is a good time to check to make sure you're up on the rules. If you do not file Form IT-2104, your employer may use zero as your number of allowances.
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With the end of the year in sight, the IRS has announced inflation adjustments taking effect in the new year.
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Any profit from the sale of your home is reported on Schedule D as a capital gain if you realize a profit in excess of the exclusion amounts or if you don't qualify for the exclusion.
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How did you do this year and what can you claim? Take our test to see how well you’re doing and where you might need help.
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There are multiple ways of incorporating. What's the right format in your situation?
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A QTIP trust, which is irrevocable, is especially useful if you have children from another marriage. Learn how to leverage this trust in your situation.
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While the prospect of vacant properties can be daunting, there are opportunities for landlords and real estate investors, including reinventing how commercial real property can be used.
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Did you know balance sheets look different for owners who purchase property to rent than for owners who purchase property to develop and sell?
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Profit-sharing is a simple way to create a plan that scales or shrinks depending on how well your company performs. How it can help you and your employees.
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How the "convenience of the employer" rule treats days worked at home as days worked at the employer's location. Learn more about this tax rule.
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What are the consequences if a nonprofit organization doesn’t file it’s Form 990? Late filing fees and penalties are just the tip of the iceberg.
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Bonuses are one of the best ways to motivate employees. But to actually work, a bonus program must be thoughtfully designed. Click through to learn about the characteristics of an effective program.
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