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Posts (787) March 20, 2020 Why You Should Keep Life Insurance Out Of Your Estate If you have a life insurance policy, you probably want to make sure that the life insurance benefits your family will receive after your death won’t be included in your estate. That way, the benefits won’t be subject to the federal estate tax. Under the estate tax rules, life insurance will be included in your… Read More April 22, 2020 Adjusting Your Financial Statements For COVID-19 Tax Relief Measures The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020, contains several tax-related provisions for businesses hit by the novel coronavirus (COVID-19) crisis. Those provisions will also have an impact on financial reporting. Companies that issue financial statements under U.S. Generally Accepted Accounting Principles (GAAP) are required to follow Accounting… Read More April 24, 2020 Here’s How to Handle Gifts in Kind and Donated Services As unemployment and financial insecurity become widespread during the novel coronavirus (COVID-19) crisis, many not-for-profit donors find themselves unable to provide monetary support to favorite charities. Instead, your organization may receive offers of gifts in kind (GIK) or donated services. Although you likely welcome these gifts, you may be unsure about how to record… Read More June 21, 2022 Standard Business Mileage Rate Will Increase For 2022 Because of the soaring price of gasoline, the IRS has increased the standard mileage rate for qualified business driving for the second half of 2022 from 58.5 cents per mile to 62.5 cents per mile. Read More August 17, 2022 Cyber Risks: A Critical Part Of Your Auditor’s Risk Assessment Here are some shocking statistics from the “Cost of a Data Breach Report 2022,” and ways your auditor can mitigate your organization’s risk. Read More September 18, 2022 Seller-Paid Points: Can Homeowners Deduct Them? In general, points a BUYER pays in a home sale are a tax-deductible interest expense. But what about SELLER-paid points? Read More April 1, 2020 COVID-19 Stimulus Package Offers Relief to Affected Individual Taxpayers During these uncertain times, it pays to know what relief is available under the CARES Act for you and your family. Read More October 5, 2022 Don’t Let Disaster Fraud Victimize Your Nonprofit Even nonprofits can become fraud victims following a natural disaster. If you operate in a disaster region and have suffered damages to your facilities or vehicles, take our advice. Read More April 28, 2023 5 Benefits Of Outsourcing Your Accounting Needs Should your organization outsource its accounting needs? Here are some potential advantages to consider. Read More May 19, 2023 Overview Of Discontinued Operations Reporting In today’s uncertain markets, your business may decide to discontinue unprofitable product lines or business units. Are you up to speed on the accounting rules for reporting discontinued operations? Read More June 23, 2023 Virtual Currency Lands In The IRS’s Crosshairs If you do business with virtual currency, it’s time to bone up on related tax requirements. The IRS is paying closer attention. Read More March 31, 2020 Everything You Need to Know About Investing in Your 30s If you want to know more about investing during the other decades of your life, don’t miss our other posts in this series about investing in your 20s, 40s, 50s, and 60s. Good news! In your 30s, you can withstand taking on some risk in exchange for building wealth through equity and reinvesting. When you… Read More Load more Page 53 of 82« First«...102030...5152535455...607080...»Last »
March 20, 2020 Why You Should Keep Life Insurance Out Of Your Estate If you have a life insurance policy, you probably want to make sure that the life insurance benefits your family will receive after your death won’t be included in your estate. That way, the benefits won’t be subject to the federal estate tax. Under the estate tax rules, life insurance will be included in your… Read More
April 22, 2020 Adjusting Your Financial Statements For COVID-19 Tax Relief Measures The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020, contains several tax-related provisions for businesses hit by the novel coronavirus (COVID-19) crisis. Those provisions will also have an impact on financial reporting. Companies that issue financial statements under U.S. Generally Accepted Accounting Principles (GAAP) are required to follow Accounting… Read More
April 24, 2020 Here’s How to Handle Gifts in Kind and Donated Services As unemployment and financial insecurity become widespread during the novel coronavirus (COVID-19) crisis, many not-for-profit donors find themselves unable to provide monetary support to favorite charities. Instead, your organization may receive offers of gifts in kind (GIK) or donated services. Although you likely welcome these gifts, you may be unsure about how to record… Read More
June 21, 2022 Standard Business Mileage Rate Will Increase For 2022 Because of the soaring price of gasoline, the IRS has increased the standard mileage rate for qualified business driving for the second half of 2022 from 58.5 cents per mile to 62.5 cents per mile. Read More
August 17, 2022 Cyber Risks: A Critical Part Of Your Auditor’s Risk Assessment Here are some shocking statistics from the “Cost of a Data Breach Report 2022,” and ways your auditor can mitigate your organization’s risk. Read More
September 18, 2022 Seller-Paid Points: Can Homeowners Deduct Them? In general, points a BUYER pays in a home sale are a tax-deductible interest expense. But what about SELLER-paid points? Read More
April 1, 2020 COVID-19 Stimulus Package Offers Relief to Affected Individual Taxpayers During these uncertain times, it pays to know what relief is available under the CARES Act for you and your family. Read More
October 5, 2022 Don’t Let Disaster Fraud Victimize Your Nonprofit Even nonprofits can become fraud victims following a natural disaster. If you operate in a disaster region and have suffered damages to your facilities or vehicles, take our advice. Read More
April 28, 2023 5 Benefits Of Outsourcing Your Accounting Needs Should your organization outsource its accounting needs? Here are some potential advantages to consider. Read More
May 19, 2023 Overview Of Discontinued Operations Reporting In today’s uncertain markets, your business may decide to discontinue unprofitable product lines or business units. Are you up to speed on the accounting rules for reporting discontinued operations? Read More
June 23, 2023 Virtual Currency Lands In The IRS’s Crosshairs If you do business with virtual currency, it’s time to bone up on related tax requirements. The IRS is paying closer attention. Read More
March 31, 2020 Everything You Need to Know About Investing in Your 30s If you want to know more about investing during the other decades of your life, don’t miss our other posts in this series about investing in your 20s, 40s, 50s, and 60s. Good news! In your 30s, you can withstand taking on some risk in exchange for building wealth through equity and reinvesting. When you… Read More