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.
The Federal Reserve on Wednesday lifted its policy rate by 50 basis points and laid the groundwork for an eventual pause in interest rate increases early next year, even as it indicated it intends to continue lifting rates into a slowdown.
According to the latest nonfarm payroll report by the Bureau of Labor Statistics, health care added 44,700 jobs, exceeding our earlier estimate of 40,000.
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 University of Michigan's consumer sentiment index declined by a sharp 5.2 points to 54.7 in the first half of November, slightly above the all-time low in June at 50, according to survey data released Friday