As we reach the end of 2019, companies may want to check out some of the following steps to maximize their tax strategies in regards to deduction and revenue organizing for the year. These steps differ upon the company’s intention - reducing taxable income or accelerating income.
For many employers, there are changes coming to the currently-offered Health Reimbursement Accounts (HRA) available to employees. For health plans beginning on or after January 1, 2020, there are three types of HRA plans available, depending on the size of the employer. The primary goal of the expansi
Most professions have their unique terminology that professionals use when engaging in work processes. For accounting and bookkeeping, terminology like debts and credits, T-accounts, accruals, amortization, depreciation, GAAP, GAAS, GASB etc. can seem like a barrier to really understanding how to record and process certain transactions.
It’s unlikely that you will ever come across anyone who enjoys paying taxes, much less preparing them! For those required to file corporate tax returns, the task can be even more challenging and unnerving that preparing their individual returns. The current tax environment is a complex one that
Disaster occurs without warning. Your employees may be affected by wildfires, earthquakes, hurricanes, ice storms and/or tornados. When a disaster occurs, personal lives can be upended.
Benjamin Franklin is often credited with saying “nothing is certain in life but death and taxes”. While this quote has been edited to include all sorts of silly sayings and puns, it can hardly be argued against, especially when it comes to taxes. Everyone is affected by taxes - they cannot
The U.S. Department of Labor (DOL) has announced a proposed rule for tip provisions of the Fair Labor Standards Act (FLSA). The proposed rule would implement provisions of the Consolidated Appropriations Act of 2018 (CAA).
Alert: This is not a techie post about bits and bytes. It’s about making good decisions when your internal growth requires support from outside your company in an area that is not your area of expertise. And it’s from an actual case history, although the end to the story is yet to be written.
GAAP stands for Generally Accepted Accounting Principles and is the accounting standard used by the United States. The standard-setting board behind GAAP is the Financial Accounting Standards Board (FASB).
