Have you wondered what the difference is between external and internal audit? Here is a simplified comparison: External Audit Internal Audit Greater focus is on financial records Goal is to determine if the financial accounts give a fair reflection of the company’s financial position...Read More
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Research Credit May Now Be Used to Offset Certain Payroll Taxes We have an important tax update for our clients who claim, or are considering claiming, the research credit. Starting with tax years beginning on or after January 1, 2016, qualified small businesses may...Read More
Where Taxes Meet Globalization A Glance at Chapter 3 Withholding on Payments to Non-U.S. Individuals and Entities In today’s increasingly interdependent world, people are transcending geographic boundaries and doing business across the globe. Advances in technology have opened up global markets like never before,...Read More
Business or Pleasure? How hobby losses can affect your taxes So, you love your job. But did you know that combining business and pleasure could affect your tax deductions? While there are no laws against enjoying your profession, it is important to distinguish...Read More