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
September 17, 2022 Why Auditors Prefer In-Person Interviews To Assess Fraud Risks Psychologists estimate that more than 90% of communication happens through tone of voice and body language. So, when evaluating fraud … Read More
September 17, 2022 IRS Offers Penalty Relief For 2019, 2020 Tax Years The IRS is providing broad-based penalty relief to most taxpayers who filed certain 2019 and/or 2020 tax returns late due … Read More
September 7, 2022 Is Your Current Bad Debt Allowance Reasonable? A recent survey of audit partners found that 40% were uncertain about the outlook for their primary industries. In light … Read More
September 7, 2022 Financial Dashboards: Nonprofit Key Performance Indicators Similar to the dashboard in your car, a financial dashboard is an instant visualization tool that can tell you whether … Read More
September 7, 2022 Clean Vehicle Credit Comes With Caveats The Inflation Reduction Act’s Clean Vehicle Credit might alter the timing of purchasing a new or used qualifying electric vehicle. … Read More
September 7, 2022 Is Your Income High Enough To Owe Two Extra Taxes? There are two special taxes that may have a significant effect on the tax bills of high-income folks: the 3.8% … Read More
September 7, 2022 How Your Nonprofit Can Break Bad Budget Process Habits Your nonprofit may not have always approached its budget efficiently and productively or received the results it wanted. But it’s … Read More
August 30, 2022 The Inflation Reduction Act: What’s In It For You? If you’re purchasing solar or an electric vehicle, you may qualify for a tax break under the new Inflation Reduction … Read More
August 30, 2022 Inflation Reduction Act : Concerns On “Book Income” Could the Inflation Reduction Act have unintended financial reporting consequences? Many accounting professionals are concerned that the new law could … Read More
August 30, 2022 How To Share Your Nonprofit’s Values And Limit Fraud Losses Requiring staffers to read and sign a code of ethics enables you to share and promote your nonprofit’s values. As … Read More
August 23, 2022 Do You Qualify For Home Office Deductions? Many people started working from home during the pandemic and have continued working out of home offices. Some of them … Read More
