Does your employer provide life insurance? Here are the tax consequences Employer-provided life insurance is a coveted fringe benefit. However, if group term life insurance is part of your benefit package, and th... Read More
CAMs: Thumbs up or thumbs down? Auditors of public companies started reporting critical audit matters (CAMs) in their audit opinions in 2019. This represents a major chang... Read More
IRS additional guidance addresses COBRA assistance under ARPA In Notice 2021-46, the IRS recently issued additional guidance on the COBRA premium assistance provisions of the American Rescue Plan Act (... Read More
Possible tax consequences of guaranteeing a loan to your corporation What if you decide to, or are asked to, guarantee a loan to your corporation? Before agreeing to act as a guarantor, endorser or indemnitor... Read More
Large cash transactions with your business must be reported to the IRS If your business receives large amounts of cash or cash equivalents, you may be required to report these transactions to the IRS. What a... Read More
5 ways nonprofits can prepare for an audit No not-for-profit looks forward to annual audits. But regular maintenance and preparation specific to an impending audit can make the proce... Read More
Scholarships are usually tax free but they may result in taxable income If your child is fortunate enough to be awarded a scholarship, you may wonder about the tax implications. Fortunately, scholarships (and fe... Read More
DEI programs are good for business Many businesses are spending more time and resources on supporting the well-being of their employees. This includes recognizing and address... Read More
Have you followed up on the management letter from your audit team? Auditors typically deliver financial statements to calendar-year businesses in the spring. A useful tool that accompanies the annual report... Read More
Is an LLC the right choice for your small business? Perhaps you operate your small business as a sole proprietorship and want to form a limited liability company (LLC) to protect your assets.... Read More
Does your employer provide life insurance? Here are the tax consequences
