Sep 9, 2020 | Blog, Now You Know, Tax
We all want to keep more of the money we earn. One way to prevent paying more taxes than necessary is to evaluate the use of one of your primary assets, your home. If you own your principal residence, you can save thousands of tax dollars through tax breaks. Here are...
Aug 31, 2020 | Blog, Now You Know, Tax
The Internal Revenue Service recently issued guidance on President Trump’s August 8, 2020, executive order, which deferred the withholding and payment of the employee’s portion of Social Security taxes. The very limited guidance arrived late Friday, August 28,...
Aug 25, 2020 | Audit, Blog, Now You Know
Companies must frequently assess their supply chains and their ability to detect and deal with fraudulent activity. Unfortunately, many businesses lack the people and budget to conduct sweeping reviews. If your company is constrained by limited resources, consider...
Aug 14, 2020 | Audit, Now You Know
The COVID-19 pandemic has led to many shifts in the way we operate our affairs. We do things today we had not even considered in the past. This applies to the way we shop, spend time with friends, and conduct our businesses. Undoubtedly, the far-reaching impacts of...
Aug 5, 2020 | Blog, Now You Know, Tax
For much of the first half of 2020, small business owners adjusted plans and made positive shifts in order to respond to the impacts of the COVID-19 pandemic. As we navigate the second half of 2020, businesses can benefit from taking time to focus on their tax plans....
Jul 21, 2020 | Blog, Now You Know, Tax
If you’re feeling burned out from coping with extreme circumstances brought on by the COVID-19 pandemic, you’re not alone. Fortunately, the Financial Accounting Standards Board (FASB) and Congress are offering some compliance-related relief for certain...
