Business Website Costs: Guidance For Taxes

The business use of websites is widespread. But surprisingly, the IRS hasn’t yet issued formal guidance on when Internet website costs can be deducted. Fortunately, established rules that generally apply to the deductibility of business costs, and IRS guidance [...]

By |2020-09-21T12:34:30-04:00September 21st, 2020|Categories: Blog, Tax|Tags: , , , |Comments Off on Business Website Costs: Guidance For Taxes

Reporting COVID-19-Related Debt Restructurings

Today, many banks are working with struggling borrowers on loan modifications. Recent guidance from the Financial Accounting Standards Board (FASB) confirms that short-term modifications due to the COVID-19 pandemic won’t be subject to the complex accounting rules for troubled [...]

By |2020-09-18T15:18:44-04:00September 18th, 2020|Categories: Audit, Blog|Tags: , , , , , |Comments Off on Reporting COVID-19-Related Debt Restructurings

Wherefour Optimizes Inventory and Co-Packing Success via Linked Accounts

Effective inventory management and communication between companies are critical factors in successful co-packing collaborations – which is why we are excited about Wherefour’s latest release that adds a new level of visibility to help food companies and co-packers work [...]

By |2020-09-25T13:05:49-04:00September 17th, 2020|Categories: Blog, Cloud Technology, Consulting, Food & Beverage, Frank Balestreri, Manufacturing & Distribution, Software Solutions, Wherefour|Tags: , , , , |Comments Off on Wherefour Optimizes Inventory and Co-Packing Success via Linked Accounts

2020 Q4 Tax Calendar: Key Deadlines For Businesses And Other Employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2020. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us [...]

By |2020-09-14T15:53:06-04:00September 14th, 2020|Categories: Blog, Tax|Tags: , |Comments Off on 2020 Q4 Tax Calendar: Key Deadlines For Businesses And Other Employers

Leveraging Sage Intacct and Salesforce for a Complete Nonprofit Solution

Americans donated over $410 billion to nonprofits in 2017, up 5.2% from the previous year. Yet research also shows that between the years 2000 and 2016, the percentage of the population that donates to any cause fell from 66% [...]

By |2020-09-11T20:04:23-04:00September 11th, 2020|Categories: Blog, Cloud Technology, Consulting, Kevin Shives, Nonprofit, Sage Intacct, Software Solutions|Tags: , , , , , , , |Comments Off on Leveraging Sage Intacct and Salesforce for a Complete Nonprofit Solution

On-Time Financial Reporting Is Key In Times Of Crisis

Many companies are struggling as a result of shutdowns and restructurings during the COVID-19 crisis. To add insult to injury, some have also fallen victim to arson, looting or natural disasters in 2020. Lenders and investors want to know [...]

By |2020-09-21T12:39:02-04:00September 11th, 2020|Categories: Audit, Blog|Tags: , , , |Comments Off on On-Time Financial Reporting Is Key In Times Of Crisis

Employers Have Questions And Concerns About Deferring Employees’ Social Security Taxes

The IRS has provided guidance to employers regarding the recent presidential action to allow employers to defer the withholding, deposit and payment of certain payroll tax obligations. The three-page guidance in Notice 2020-65 was issued to implement President Trump’s [...]

By |2020-09-08T15:06:01-04:00September 8th, 2020|Categories: Blog, Tax|Tags: , , , |Comments Off on Employers Have Questions And Concerns About Deferring Employees’ Social Security Taxes

Reporting Discontinued Operations Today

Marketplace changes during the COVID-19 crisis have caused many companies to make major strategic shifts in their operations — and some changes are expected to be permanent. In certain cases, these pivot strategies may need to be reported under [...]

By |2020-09-04T13:15:09-04:00September 4th, 2020|Categories: Audit, Blog|Tags: , , , , |Comments Off on Reporting Discontinued Operations Today

5 Key Points About Bonus Depreciation

You’re probably aware of the 100% bonus depreciation tax break that’s available for a wide range of qualifying property. Here are five important points to be aware of when it comes to this powerful tax-saving tool. Bonus depreciation is [...]

By |2020-08-31T17:04:21-04:00August 31st, 2020|Categories: Blog, Tax|Tags: , , , , , , |Comments Off on 5 Key Points About Bonus Depreciation

Levels Of Assurance: Choosing The Right Option For Your Business Today

The COVID-19 crisis is causing private companies to re-evaluate the type of financial statements they should generate for 2020. Some are considering downgrading to a lower level of assurance to reduce financial reporting costs — but a downgrade may [...]

By |2020-08-28T13:44:47-04:00August 28th, 2020|Categories: Audit, Blog, GAAP, Uncategorized|Tags: , , , , |Comments Off on Levels Of Assurance: Choosing The Right Option For Your Business Today