Tax responsibilities if your business is closing amid the pandemic Unfortunately, the COVID-19 pandemic has forced many businesses to shut down. If this is your situation, we’re here to assist you in ... Read More
How much insurance does your nonprofit need to mitigate risk? A warning if your not-for-profit organization is looking for expenses to cut: Don’t skimp on insurance. Should your nonprofit experie... Read More
Disability income - How is it taxed? Many Americans receive disability income. You may wonder if — and how — it’s taxed. As is often the case with tax questio... Read More
Should you go phishing with your employees? Every business owner is aware of the threat posed by cybercriminals. If a hacker were to gain access to the sensitive data about your busin... Read More
How effectively does your business manage risk? From natural disasters and government shutdowns to cyberattacks and fraud, risks abound in today’s volatile, uncertain marketplace. W... Read More
The easiest way to survive an IRS audit is to get ready in advance IRS audit rates are historically low, according to the latest data, but that’s little consolation if your return is among those selec... Read More
Should you reach out to “effective altruists?” Effective altruism is commonly described as a philosophy that uses evidence and reasoning to determine the most effective ways to benefit o... Read More
There may be relief from tax liability for “innocent spouses” If you file a joint tax return with your spouse, you should be aware of your individual liability. And if you’re getting divorced, yo... Read More
IRS announces per diem rates for business travel In Notice 2020-71, the IRS recently announced per diem rates that can be used to substantiate the amount of business expenses incurred for ... Read More
Gifts in kind: New reporting requirements for nonprofits On September 17, the Financial Accounting Standards Board (FASB) issued an accounting rule that will provide more detailed information... Read More
Tax responsibilities if your business is closing amid the pandemic
