About Thomson Reuters

This author has not yet filled in any details.
So far Thomson Reuters has created 487 blog entries.

Inherited IRAs May See Unfavorable Regulations

Back in late 2019, the first significant legislation addressing retirement savings since 2006 became law. The Setting Every Community Up for Retirement Enhancement (SECURE) Act has resulted in many changes to retirement and estate planning strategies, but it also [...]

By |2022-05-24T17:46:39-04:00May 25th, 2022|Categories: Blog, Tax|Comments Off on Inherited IRAs May See Unfavorable Regulations

Inflation has Boosted the 2023 Health Savings Accounts Amounts

The IRS recently released guidance providing the 2023 inflation-adjusted amounts for Health Savings Accounts (HSAs). High inflation rates will result in next year’s amounts being increased more than they have been in recent years. HSA basics An HSA is [...]

By |2022-05-12T15:05:57-04:00May 17th, 2022|Categories: Blog, Tax|Comments Off on Inflation has Boosted the 2023 Health Savings Accounts Amounts

How to Act on Your Audited Financial Statements

Maintaining the status quo in today’s volatile marketplace can be risky. To succeed, businesses need to “level up” by being proactive and adaptable. But some managers may be unsure where to start or they’re simply out of new ideas. [...]

By |2022-05-17T16:00:00-04:00May 16th, 2022|Categories: Audit, Blog|Comments Off on How to Act on Your Audited Financial Statements

What to do if your returns don’t match IRS records

It's that time of year again, and post-tax-season notices might start creeping up. The IRS has begun mailing notices to businesses, financial institutions and other payers that filed certain returns with information that doesn’t match the agency’s records. These [...]

By |2022-05-12T14:52:46-04:00May 9th, 2022|Categories: Blog, Tax|Comments Off on What to do if your returns don’t match IRS records

Leveraging Internal Audits

Many companies have an internal audit department that tests whether the organization is accurately reporting financial results and complying with U.S. Generally Accepted Accounting Principles (GAAP). But it’s important for internal auditors to think beyond compliance. Internal auditors who [...]

By |2022-04-27T19:45:01-04:00April 29th, 2022|Categories: Audit, Blog, Internal Audit|Comments Off on Leveraging Internal Audits

Tax Considerations for Adding a New Partner to Your Business

Adding a new partner in a partnership has several financial and legal implications. Let’s say you and your partners are planning to admit a new partner. The new partner will acquire a one-third interest in the partnership by making [...]

By |2022-04-25T09:37:40-04:00April 25th, 2022|Categories: Blog, Tax|Comments Off on Tax Considerations for Adding a New Partner to Your Business

Tax Implications of Converting from a C Corp to an S Corp

Operating as an S corporation may help reduce federal employment taxes for small businesses in the right circumstances. Although S corporations may provide tax advantages over C corporations, there are some potentially costly tax issues that you should assess [...]

By |2022-04-18T17:28:21-04:00April 19th, 2022|Categories: Blog, Tax|Comments Off on Tax Implications of Converting from a C Corp to an S Corp

How SECURE 2.0 Might Impact Individuals and Employers

In 2019, the bipartisan Setting Every Community Up for Retirement Enhancement Act (SECURE Act) — the first significant legislation related to retirement savings since 2006 — became law. Now Congress appears ready to build on that law to further [...]

By |2022-04-18T17:26:27-04:00April 18th, 2022|Categories: Blog, Tax|Comments Off on How SECURE 2.0 Might Impact Individuals and Employers
Go to Top