The Home Office Deduction: Actual Expenses vs. the Simplified Method

If you run your business from your home or perform certain functions at home that are related to your business, you might be able to claim a home office deduction against your business income on your 2018 income tax return. [...]

By |2019-02-19T15:11:28+00:00February 19th, 2019|Categories: Blog, Tax|0 Comments

Auditing Cashless Transactions

Like most businesses, you’ve probably experienced a significant increase in the number of customers who prefer to make cashless payments. And you may be wondering: How does the acceptance of these types of transactions affect the auditing of your [...]

By |2019-02-15T11:57:16+00:00February 15th, 2019|Categories: Audit, Blog|Tags: |0 Comments

Long-Term Care Insurance: Something You Need?

Typical employer-based health coverage doesn't pay for daily care services, and Medicare will only cover a short stay in a nursing home or a limited amount of at-home care. And so, long-term care insurance was born. Policies offer many different [...]

By |2019-02-13T15:07:39+00:00February 13th, 2019|Categories: Blog, Tax|Tags: |0 Comments

When Are LLC Members Subject to Self-Employment Tax?

Limited liability company (LLC) members commonly claim that their distributive shares of LLC income — after deducting compensation for services in the form of guaranteed payments — aren’t subject to self-employment (SE) tax. But the IRS has been cracking down [...]

By |2019-02-11T15:03:23+00:00February 11th, 2019|Categories: Blog, Small Business Services, Tax|0 Comments

Public Companies to Disclose Stock Hedging Policies and Practices

Does your company have policies in place regarding the use of hedging transactions by company insiders? Final Securities and Exchange Commission (SEC) guidance will soon require public companies to disclose whether their officers, employees and directors are allowed to [...]

By |2019-02-08T15:01:51+00:00February 8th, 2019|Categories: Blog, Small Business Services, Tax|Tags: |0 Comments

Private Companies: Have You Implemented the New Revenue Recognition Standard?

Private companies that follow U.S. Generally Accepted Accounting Principles (GAAP) must comply with the landmark new revenue recognition standard in 2019. Many private company CFOs and controllers report that they still have significant work to do to meet the demands [...]

By |2019-02-01T11:55:04+00:00February 1st, 2019|Categories: Blog, Tax|Tags: , |0 Comments

Depreciation-related breaks on business real estate: What you need to know when you file your 2018 return

Commercial buildings and improvements generally are depreciated over 39 years, which essentially means you can deduct a portion of the cost every year over the depreciation period. (Land isn’t depreciable.) But special tax breaks that allow deductions to be [...]

By |2019-02-01T17:11:52+00:00January 28th, 2019|Categories: Blog|Tags: |0 Comments

Evaluating your audit committee

Under the Sarbanes-Oxley Act, the audit committee — not management or the full board of directors — is directly responsible for appointing, compensating and overseeing external auditors. Periodically, it’s a good idea to assess the effectiveness of your audit [...]

By |2019-01-25T17:08:23+00:00January 25th, 2019|Categories: Audit, Blog, Tax|0 Comments