Category: Tax

Remote Employees & Payroll Tax Exposures
Year-End Payroll Tax Withholding Exposure & Impact from Remote Employees

As year-end approaches, and many employees continue to work remotely, companies should again assess their…

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Accelerate Income to Reduce Tax Liability
Strategies to Accelerate Income and Lower Your Total Tax Liability

As 2020 winds down, it’s time to consider year-end planning. Here are some tips for…

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Accounting Methods
Proposed Small Business Taxpayer Regulations Address Accounting Methods Simplification

The IRS released an advance copy of proposed regulations for small business taxpayers to implement…

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Payroll Tax Deferral FAQs
IRS Adds New FAQs on CARES Act Payroll Tax Deferrals

The IRS recently added numerous frequently asked questions (FAQs) on the payroll tax deferrals under the Coronavirus…

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Public and Private Company Internal Controls
Five Reasons Why Private Companies Should Adopt Public Company Controls

Often viewed as a “public company problem,” private organizations may want to consider implementation of…

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State Reaction to CARES Act
State Legislative & Administrative Reactions to the CARES Act

Some CARES Act provisions that states have decoupled from include the increased business interest expense…

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Reporting Capital on Schedule K-1
Two Proposed Methods for Reporting Tax Capital on Schedule K-1

IRS proposed two methods for partnerships to satisfy the tax capital reporting requirement for tax…

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Tax Control Flaws and How to Prevent Them
Income Tax Controls: Common Flaws & How to Prevent Them

Four common pitfalls in the design of income tax accounting controls, including missing controls, lack…

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Life Sciences
Massachusetts Tax Credit Available to Investors of Life Science Businesses

The Massachusetts Department of Revenue (DOR) issued guidance regarding the Angel Investor Tax Credit, which…

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Strategic Tax Advisory
Looking to Boost Liquidity? Consider Changing Your Accounting Method

As businesses across all industries look for ways to reduce costs and increase liquidity, unique…

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