Form 941 is the quarterly tax return for reporting income taxes as well as withholdings of employee payroll taxes, Social Security, and Medicare. Click through for the basics on this important business form to ensure that you stay compliant.
Read MoreTax requirements for nonprofits are stringent, and the penalties for violating them can be heavy. Learn how to keep track of all your funding sources — and to keep your tax-exempt status.
Read MoreCryptocurrency is here to stay. That is clear from the proposed Infrastructure Investment and Jobs Act, which includes provisions about how cryptocurrency is taxed. Read about what may be on the horizon.
Read MoreDefined benefit plans offer guaranteed retirement benefits for employees. How do these time-honored plans work? Read about the advantages, disadvantages, and tax considerations for employers and employees.
Read MoreHomeowner Associations face special problems.Here are some tips to make sure your HOA runs as smoothly as possible.
Read MoreThis bill will allow an extension of time from March 15, 2022, to September 15, 2022, to make the New York PTET for the tax year 2022. This allows taxpayers time to analyze the changes made to the NY PTET and determine if an election should be made.
Read MoreIf you are a U.S. citizen or resident alien residing overseas or are in the military on duty outside the U.S., you are allowed an automatic two-month extension to file your return without requesting an extension. Learn more.
Read MoreOn the most basic level, every nonprofit is out there trying to do good in the world. But behind the scenes, there's a big need for "plain old" money management. Click through for some tips on investment oversight.
Read MoreHomeowner Associations face special problems. Click through for some help in making sure your HOA runs as smoothly as possible.
Read MoreNonprofit organizations that receive restricted funds need to account for funds from different sources and for specific purposes separately. Click through to learn how to handle these special kinds of donations.
Read MoreIs a limited liability company a good choice to protect real estate investments? Yes, but you need to know the details. Click through to better understand how an LLC works in relation to real estate investments.
Read MoreWhen you're a spouse or personal representative of a deceased individual’s estate, you discover that even the deceased needs to file a final tax return. Click through to find out what responsibilities you have to square things with the IRS.
Read MoreThe "spread of hours" rule essentially gives New York employees a one-hour bonus in certain kinds of shift work. Who's entitled to it and when? Click through for the details on this important payroll rule.
Read MoreWhile 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.
Read MoreAs 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.
Read MoreWhether 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.
Read MoreThe 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.
Read MoreNew 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.
Read MoreFor now, the Build Back Better Act is on hold, and many provisions of the Tax Cuts and Jobs Act of 2017 expired, including some that may be extended retroactively. The following article lists some of the more far-reaching of these provisions, but keep in mind that it is not a definitive list.
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