Employers Have Questions And Concerns About Deferring Employees’ Social Security Taxes
The IRS has provided guidance to employers regarding the recent presidential action to allow employers to defer the withholding, deposit...
Rollover Relief Following CARES Act
The CARES Act, passed by Congress and signed into law by President Trump on March 27, 2020, waived required minimum...
Your Public Accounting Career Isn’t on Hold: How to Find Success at an Accounting Firm in the New Normal
The coronavirus pandemic has introduced many unprecedented challenges and opportunities to the professional service sector. On the podcast Beyond the...
Simplified Accounting for Lease Concessions Due to COVID-19 Pandemic
Accounting departments across the country are facing multiple challenges, from daily cash management to complex accounting matters. In addition, most...
Steer Clear of the Trust Fund Recovery Penalty
If you own or manage a business with employees, you may be at risk for a severe tax penalty. It’s...
Accounting for Cloud Computing Arrangements
The costs to set up cloud computing services can be significant, and many companies would prefer not to immediately expense...
IRS releases 2021 amounts for Health Savings Accounts
The IRS recently released the 2021 inflation-adjusted amounts for Health Savings Accounts (HSAs). HSA basics An HSA is a trust...
PPP Forgiveness Gets Some Wiggle Room
The U.S. Senate passed the House version of Paycheck Protection Program (PPP) legislation Wednesday, June 4, 2020, tripling the time...
Business Meal Deductions: The Current Rules Amid Proposed Changes
Restaurants and entertainment venues have been hard hit by the novel coronavirus (COVID-19) pandemic. One of the tax breaks that...
Revenue Recognition and Leases: FASB Gives Certain Entities More Time
Private companies and most nonprofits were supposed to implement updated revenue recognition guidance in fiscal year 2019 and updated lease...
To Pivot Successfully: Start with Why!
Business is hard! Even in a booming economy, companies that don’t constantly pivot and adapt to changes in their industry,...
Foreign Investment: Filing Requirement by Bureau of Economic Analysis
The Bureau of Economic Analysis (BEA), a division of the U.S. Department of Commerce, is again requesting certain businesses to...
