Criminal tax charges are rare, but the IRS sometimes makes examples of high-profile cases https://bsun.md/2wCMtb6
Blog
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Can you deduct business travel when it’s combined with a vacation?
At this time of year, a summer vacation is on many people’s minds. If you travel for business, combining a business trip with a vacation to offset some of the cost with a tax deduction can sound appealing. But tread… Read More
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IRS Audit Techniques Guides provide clues to what may come up if your business is audited
IRS examiners use Audit Techniques Guides (ATGs) to prepare for audits — and so can small business owners. Many ATGs target specific industries, such as construction. Others address issues that frequently arise in audits, such as executive compensation and fringe… Read More
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Global accounting standards gain greater acceptance
Global accounting standards gain greater acceptance http://bit.ly/2wwQNIW
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The New Qualified Business Income Deduction (QBID)
The New Qualified Business Income Deduction (QBID) https://tmsnrt.rs/2Ix7N6W
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AICPA Says Changes are Needed to IRS Form 990
AICPA Says Changes are Needed to IRS Form 990 http://bit.ly/2I5DlBr
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5 common reasons your client may have been audited
5 common reasons your client may have been audited http://bit.ly/2wDKvrk
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Post-busy season spring cleaning tips
Post-busy season spring cleaning tips http://bit.ly/2wxDl7D
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Knowing whether income is sponsorship or advertising
Many not-for-profits supplement their usual income-producing activities with sponsorships or advertising programs. Although you’re allowed to receive such payments, they’re subject to unrelated business income tax (UBIT) unless the activities are substantially related to your organization’s tax-exempt purpose or qualify… Read More
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Cost control takes a total team effort
“That’s just the cost of doing business.” You’ve probably heard this expression many times. It’s true that, to invoke another cliché, you’ve got to spend money to make money. But that doesn’t mean you have to take rising operational costs… Read More