Latest Articles

March 18, 2022 

With the April 18 tax deadline creeping up, it’s easy to get caught up in the crunch to file your federal and state tax returns, but rushing through preparing your tax returns might inadvertently raise red flags for the IRS or ...

March 18, 2022 

Nonprofit leaders across the country are more concerned about their financial position and staffing than they were one year ago, despite the relative easing of the coronavirus pandemic. The shortfalls have hampered some nonprofits’ ability to deliver ...

March 18, 2022 

The problem has been building for a long time. The Department of the Treasury stated in a March 10 press release that the IRS has had its budget cut by nearly 20 percent since 2010. The agency employs the same number of people that it did in 1970 ...

March 18, 2022 

Are you able to deduct interest expenses on your 2021 tax return? It depends on the type of interest. Although there are some other special rules, expenses can generally be divided among five categories...

March 17, 2022 

Significant federal and state legislation, like Paycheck Protection Program (PPP) loans and tax assistance, has sought to help businesses ride the pandemic out, keeping the doors open and paying their employees.

March 17, 2022 

During a four-month long Beta program, Botkeeper’s client participants took the software through its paces with real-world customer data, perfecting usability, utility, and stability. With user testing now complete, the company will be rolling ...

March 17, 2022 

The mid-term elections don’t take place until November, but taxpayers may make other elections on their 2021 tax returns they must file by April 18. Following are five potential elections that could affect your 2021 tax liability.

March 16, 2022 

Before we even dive into accounting workflow checklists, we can agree that accounting workflows are now standard in public accounting firms. Nearly all of them are running some form of accounting workflow – with up to 94% of accounting managers even ...

Shahram Zarshenas

March 16, 2022 

The Internal Revenue Service is urging people to stay resolute against ongoing scams and schemes by properly securing computers, tablets and phones. Solid cybersecurity protection and scam recognition is vital to reduce the threat of identity theft ...

March 16, 2022 

The American Institute of CPAs is expressing its support for a recent letter sent by Members of the U.S. Senate and the U.S. House to Internal Revenue Service (IRS) Commissioner Charles Rettig requesting clarification on notice suspensions.

March 16, 2022 

Although the definition of what constitutes a “reasonable” wage may seem subjective, the IRS scrutinizes the S Corp’s source of income—its gross receipts—and then determines if (and what tasks) the owner/shareholder performed for the S Corp to assist ...

Nellie Akalp

March 16, 2022 

Nonprofit organizations accelerated plans to adopt new technologies, operational models, and budgeting and financial approaches last year because of the pandemic, according to our annual Nonprofit Pulse Survey of leaders and executives conducted ...