U.S. Supreme Court rules against the IRS on critical FBAR issue
In Bittner v. U.S., the U.S. Supreme Court ruled that the penalty for non-willingly failing to file an FBAR applied on a lower per-report basis, not on a per-account basis.
11 ways your construction company can avoid accounting mistakes
Construction companies can’t afford to make mistakes on job sites, and they shouldn’t make them in their books either. Here are 11 tips for avoiding accounting errors.
Supreme Court: Overtime rules still apply to highly compensated employees
Many businesses today are short-staffed, making overtime a distinct possibility. A recent U.S. Supreme Court decision serves as a reminder that the overtime rules aren’t always easy to follow.
Passing the public support test
Is your nonprofit a publicly supported charity? Are you sure? Two IRS public support tests can help you determine, and prove, your status. Learn more about them:
Are your Accounting and Development departments like oil and water?
There are several reasons why your nonprofit’s Accounting and Development staffers may be at odds. You need to get to the bottom of the conflict to prevent onerous repercussions.
Reading the tea leaves: Potential tax legislation in the new Congress
With Republicans now in control of the U.S. House of Representatives, what’s the fate of prospective tax legislation in 2023?
Coming soon: 5 accounting rules that take effect in 2023
Is your business ready to implement these upcoming accounting rule changes?
Sailing a steady ship in today’s interesting economy
Today’s economy has left many business owners wavering between optimism and worry. Here are some ways to maintain a steady course toward profitability.
8 ways to insulate your construction company against rising costs
Sky-high costs for labor and materials are still putting a chill on many construction companies’ profitability. Contractors, click here for eight ways you can protect yourself.
Common accounting pitfalls for startups to avoid
Entrepreneurs often invest blood, sweat and tears to start new businesses. But few are experts in financial reporting. Don’t let accounting mishaps derail your startup!
Auditing accounting estimates
Auditors are skeptical of accounting estimates. Here’s what they’re looking for and why, in recent years, they’ve upped the ante on audit procedures related to estimates and the use of specialists.
Valuing tangible property donations isn’t as simple as you may think
When it comes to tangible property donations, value isn’t simply in the eye of the beholder. Generally, you must determine fair market value for tax and financial reporting purposes. Here’s how.