Taxes April 12, 2023
Tax Angles to Intra-Family Loans
if you can’t present clear and convincing evidence that the loan is tied to a business transaction, the transaction may be deemed to be a gift.
Accounting April 12, 2023
IRS Incorporates AICPA Recommendations in Strategic Operating Plan
The spending plan includes goals and timetables covering areas such as operations support, enforcement, taxpayer services and IT modernization.
Taxes April 12, 2023
Here’s All of the 1099 Form Types, From A to SB
The IRS lists 21 different 1099 forms. Here is an overview of each form, as of March 2023, and why you could receive one.
Accounting April 11, 2023
How a Firm’s Tech Stack Affects Private Equity Interest
Accounting firms looking to attract investors should ensure their tech stack is up to date. And if it’s not, now is the time to make improvements.
Taxes April 11, 2023
Five Benefits of Hiring Your Spouse
When you officially add your spouse to the company payroll, they are taxed on the compensation, but are also eligible for benefits just like any other employee.
Accounting April 11, 2023
Finance Leaders Optimistic But Concerned over Costs
Key findings from Grant Thornton’s 2023 Q1 CFO Survey found 54% of CFOs reported being optimistic or very optimistic about the economy.
Payroll April 11, 2023
Difference in Black and White U.S. Unemployment Shrinks
The gap between the Black and White unemployment rate shrank to its narrowest level on record in March as African Americans saw outsize gains in employment.
Small Business April 10, 2023
Colorado Mulls Simplifying Retail Delivery Fee Requirements
The 27-cent retail delivery fee applies to all deliveries containing at least one taxable item that are made by motor vehicle to a location in Colorado.
Accounting April 7, 2023
Illinois CPA Society President and CEO Receives Special Achievement Award
Geoffrey Brown, CAE, received this award in recognition of his exceptional achievements while serving as NAPFA’s CEO, a position he held for nine years before joining ICPAS in late 2022.
Payroll April 5, 2023
4-Day Workweek Gains Lawmaker Support in Some States
In the past three years, at least six states — California, Hawaii, Maryland, New York, Pennsylvania and Washington — have considered bills to mandate, incentivize or allow the switch to a four-day week.
Firm Management April 4, 2023
Progress of Women in Leadership is Stalling
Grant Thornton’s latest research reveals it has been slow, increasing only half a percentage point to 32.4% in the past year, and only 13% since the research was first undertaken in 2003.
Taxes March 31, 2023
New Tax Relief for Emergency Expenses
Beginning in 2024, employers may allow plan participants to use a special emergency savings account. This “sidecar account” is capped at $2,500.