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So far Thomson Reuters has created 373 blog entries.

Deducting Corporate Expenses Covered by Shareholders

Do you play a major role in a closely held corporation and sometimes spend money on corporate expenses personally? These costs may wind up being non deductible both by an officer and the corporation unless proper steps are taken. [...]

By |2021-07-26T12:20:03-04:00July 26th, 2021|Categories: Blog, Tax|Comments Off on Deducting Corporate Expenses Covered by Shareholders

Analytical Software Tools for Auditing

Analytical software tools will never fully replace auditors, but they can help auditors do their work more efficiently and effectively. Here’s an overview of how data analytics — such as outlier detection, regression analysis and semantic modeling — can [...]

By |2021-07-23T15:14:28-04:00July 23rd, 2021|Categories: Audit, Blog|Comments Off on Analytical Software Tools for Auditing

PPP forgiveness and repayment: What businesses need to know now

A critical deadline is approaching for many of the businesses that have received loans under the Paycheck Protection Program (PPP), which was created in March 2020 by the CARES Act. If these borrowers don’t take action before the deadline [...]

By |2021-07-22T13:10:30-04:00July 22nd, 2021|Categories: Uncategorized|Comments Off on PPP forgiveness and repayment: What businesses need to know now

How to Handle Start-Up Expenses

Despite the COVID-19 pandemic, government officials are seeing a large increase in the number of new businesses being launched. From June 2020 through June 2021, the U.S. Census Bureau reports that business applications are up 18.6%. The Bureau measures [...]

By |2021-07-20T13:48:09-04:00July 19th, 2021|Categories: Blog, Tax|Comments Off on How to Handle Start-Up Expenses

Internal Control Questionnaires

Businesses rely on internal controls to help ensure the accuracy and integrity of their financial statements, as well as prevent fraud, waste and abuse. Given their importance, internal controls are a key area of focus for internal and external [...]

By |2021-07-19T11:42:37-04:00July 16th, 2021|Categories: Audit, Blog|Comments Off on Internal Control Questionnaires

California Cannabis Tax Fact Sheet

California’s Dept. of Tax and Fee Administration has issued a cannabis tax fact sheet for calculating the cannabis excise tax. To properly calculate the 15% tax, cannabis distributors must determine whether the sale or transfer to the cannabis retailer [...]

By |2021-07-14T14:29:38-04:00July 14th, 2021|Categories: Blog, California, SALT, Tax|Comments Off on California Cannabis Tax Fact Sheet

Unemployment Insurance Deadline

California employers: don’t miss this important deadline. Federal and CA wage reports and related unemployment insurance premiums for the second quarter are due on Aug. 2, 2021 (most years the due date is July 31, which falls on a [...]

By |2021-07-14T14:25:20-04:00July 14th, 2021|Categories: Blog, California, SALT, Tax|Comments Off on Unemployment Insurance Deadline

Trust Fund Recovery Penalty, Are you at Risk?

There’s a harsh tax penalty that you could be at risk for paying personally if you own or manage a business with employees. It’s called the “Trust Fund Recovery Penalty” and it applies to the Social Security and income [...]

By |2021-07-12T19:27:26-04:00July 12th, 2021|Categories: Blog, Tax|Comments Off on Trust Fund Recovery Penalty, Are you at Risk?

Agile Audit – Is Your Company Ready?

Agility — or the ability to react quickly — is essential to surviving and thriving in today’s competitive landscape. Though agile techniques were originally used in the realm of software development, this concept has many applications in the modern [...]

By |2021-07-12T11:18:28-04:00July 9th, 2021|Categories: Audit, Blog|Comments Off on Agile Audit – Is Your Company Ready?

Marin County Paid Sick Leave

Small employers in Marin County, California must provide supplemental paid sick leave. On June 8, 2021, the Marin County Board of Supervisors passed an urgency ordinance requiring employers in unincorporated areas, with 25 or fewer employees, to provide supplemental [...]

By |2021-07-14T12:46:30-04:00July 7th, 2021|Categories: Blog, California, SALT, Tax|Comments Off on Marin County Paid Sick Leave
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