Many business owners want to incentivize and reward employees by tying their compensation to the company's performance. One way to do this is through stock options, but using stock appreciation rights might be a better solution.
There is a growing awareness among consumers, investors, and other stakeholders about the importance of Environmental, Social, and Governance (ESG) issues, and they are increasingly using ESG criteria to evaluate and choose companies to support. Learn about ESG and how investing in ESG practices can create value for your company.
When planning your charitable donations, it's important to maximize the tax benefits of those contributions. Given the current standard deduction amounts, donors must be strategic to realize any significant benefit from their contributions. Learn about strategies to help maximize your tax deduction from charitable contributions.
100% Bonus depreciation is a tax provision that allows businesses to deduct the cost of certain qualifying property in the year it is placed in service rather than having to depreciate the cost over several years. Unfortunately, the 100% bonus depreciation deduction will begin to phase out after 2022. Learn more about the phase-out schedule and the alternative Section 179 deduction.
An employee benefit plan audit is a periodic and independent examination of a company’s benefit plans that are subject to ERISA. If your company currently offers or plans to offer an employee benefit plan, read this article to learn about audit requirements.
The Financial Accounting Standards Board recently issued a proposed Accounting Standards Update for Leases (Topic 842). The update addresses related-party arrangements between entities under common control. This video provides an overview of the proposed changes.
Thanks to the cloud and automation, outsourcing has never been a more viable option than it is today. Quite often, outsourcing can be more efficient and less expensive than hiring dedicated staff. In this video, we'll cover the benefits of outsourcing your accounting.
The FASB and IASB have provided standards for properly recognizing revenue in your financials. Using a five step process, companies recognize revenue based on the value and timing of when control of the goods and services are transferred to the customer. Learn about the standards and how to properly recognize revenue for your company.
It's important to correctly classify your workers as either employees or independent contractors. Incorrectly classifying workers can have serious legal and financial consequences. Learn about factors to consider when classifying your workers.
The Internal Revenue Service announced that it will be making adjustments for inflation to several key tax provisions for 2023. Learn about the adjustments and how they may affect your taxes next year.
Business owners often struggle with determining the optimal legal structure and tax treatment for their business. This video will explain an S-Corp tax election and how it may benefit you and your business.
The Inflation Reduction Act allocated $80 billion to the IRS for hiring additional personnel and improving processes and technology. Learn how this might affect future audit activity and how much time the IRS has to audit you.
President Biden announced a plan to extend the pause on student loan repayments and offer student loan forgiveness to millions of borrowers. Under the Student Loan Debt Relief Plan, eligible borrowers will have up to $20,000 of their student loans forgiven. Watch this video to learn more about the program.
In August 2022, President Biden signed the Inflation Reduction Act (IRA) into law. Learn about the major provisions related to climate, energy, and taxes and how they may affect you and your business.
The Inflation Reduction Act includes the Clean Vehicle Tax Credit program which provides tax credits for purchasing electric vehicles. Learn about the tax credits and limits on qualifications.
Tax-loss harvesting is a strategy that enables a taxpayer to reduce taxes by using losses to offset gains or income. While taxpayers often wait until the end of the year to assess gains and losses, the opportunity for tax-loss harvesting can happen at any time throughout the year.
