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So far Thomson Reuters has created 439 blog entries.

Small businesses: There still may be time to cut your 2021 taxes

Don’t let the holiday rush keep you from considering some important steps to reduce your 2021 tax liability. You still have time to execute a few strategies. Purchase assets Thinking about buying new or used equipment, machinery or office [...]

By |2021-11-30T14:50:27-05:00November 29th, 2021|Categories: Blog, Tax|0 Comments

Are you ready for the upcoming audit season?

An external audit is less stressful and less intrusive if you anticipate your auditor’s document requests. Auditors typically ask clients to provide similar documents year after year. They’ll accept copies or client-prepared schedules for certain items, such as bank [...]

By |2021-11-30T14:41:38-05:00November 26th, 2021|Categories: Audit, Blog|0 Comments

Look to the future with a QOE report

Are you thinking about merging with or acquiring a business? CPA-prepared financial statements can provide valuable insight into historical financial results. But an independent quality of earnings (QOE) report can be another valuable tool in the due diligence process. [...]

By |2021-11-23T13:40:10-05:00November 22nd, 2021|Categories: Audit, Blog|0 Comments

Infrastructure law sunsets Employee Retention Credit early

The Employee Retention Credit (ERC) was a valuable tax credit that helped employers survive the COVID-19 pandemic. A new law has retroactively terminated it before it was scheduled to end. It now only applies through September 30, 2021 (rather than [...]

By |2021-11-23T13:41:26-05:00November 22nd, 2021|Categories: Blog, Tax|0 Comments

2022 Cost-of-Living Adjustments for Year-End Tax Planning

The IRS recently issued its 2022 cost-of-living adjustments for more than 60 tax provisions. With inflation up significantly this year, mainly due to the COVID-19 pandemic, many amounts increased considerably over 2021 amounts. As you implement 2021 year-end tax [...]

By |2021-11-15T18:23:54-05:00November 16th, 2021|Categories: Blog, Tax|0 Comments

Holiday Gift and Party Tax Breaks for Business Owners

With Thanksgiving just around the corner, the holiday season will soon be here. At this time of year, your business may want to show its gratitude to employees and customers by giving them gifts or hosting holiday parties again [...]

By |2021-11-15T15:06:21-05:00November 15th, 2021|Categories: Blog, Tax|0 Comments

How to Assess Fraud Risks Today

Auditing standards require external auditors to consider potential fraud risks by watching out for conditions that provide the opportunity to commit fraud. Unfortunately, conditions during the COVID-19 pandemic may have increased your company’s fraud risks. For example, more employees [...]

By |2021-11-12T18:05:50-05:00November 12th, 2021|Categories: Audit, Blog|0 Comments

Businesses must navigate year-end tax planning with new tax laws potentially on the horizon

The end of the tax year is fast approaching for many businesses, but their ability to engage in traditional year-end planning may be hampered by the specter of looming tax legislation. The budget reconciliation bill, dubbed the Build Back [...]

By |2021-11-10T19:17:23-05:00November 11th, 2021|Categories: Blog, Tax|0 Comments
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