Legal skirmishes continue over whether the detailed employee pay data collection scheme (on top of the original basic employee census data) should be enforced. In 2017, the Trump administration suspended the EEOC-1 Component 2 data collection rules, which originated during… Read More
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How Much Can Businesses Deduct for Vehicles Placed in Service in 2019?
Spotlight on Leased Vehicles Business use of a leased vehicle may be tax deductible. If a leased vehicle is used 100% for business purposes, the full cost of the lease is deductible as an ordinary business expense. However, lessees of… Read More
Predicting Future Performance
CPAs typically report historical financial performance. But sometimes they’re hired to predict how a company will perform in the future. Prospective reporting options There are three types of reports to choose from when predicting future performance: Forecasts. These prospective statements… Read More
2019 Q3 tax calendar: Key deadlines for businesses and other employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2019. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to… Read More
Are Pop-Ups a Fresh Marketing Concept — or Merely a Fad?
Pop-up retail stores, restaurants and events promise numerous benefits. They can be less expensive and more flexible to operate than traditional brick-and-mortar operations. And they may appeal to consumers who crave fun, memorable events. They’re also great for seasonal retailers… Read More
Employer Responsibility for Gig Workers Evolves with Safety Concerns
If you pay for services from independent contractors, your legal obligations to those individuals are far more limited than those involving statutory employees. But the growing importance of so-called “gig” workers in today’s labor force is changing the legal landscape… Read More
Stop, Look and Think Before You Expand
The driving force in many expansion plans is to generate higher sales, with the hope that profits, too, will rise. But before making moves to buy new equipment, expand your plant or implement a new business idea, you need to… Read More
Reap the Rewards of Fresh Talent with Internships
Internships can be the ultimate “win-win” of employment. The intern wins by getting valuable work experience and training, and you win by getting a curious and dedicated worker who could return to your workforce down the road ready to hit… Read More
Hiring This Summer? You May Qualify for a Valuable Tax Credit
Is your business hiring this summer? If the employees come from certain “targeted groups,” you may be eligible for the Work Opportunity Tax Credit (WOTC). This includes youth whom you bring in this summer for two or three months. The… Read More
Comparing Internal and External Audits
Businesses use two types of audits to gauge financial results: internal and external. Here’s a closer look at how they measure up. Focus Internal auditors go beyond traditional financial reporting. They focus on a company’s internal controls, accounting processes and… Read More