Posted on Thursday, June 21, 2018 by Ted Ginsburg, CPA, JD
If you are an employer who provides a Health Reimbursement Account (HRA) for your employees, you may have an obligation to file an annual IRS Form 5500 for that program.
Posted on Thursday, June 21, 2018 by Christi Bieber and Josie Weir
Given the Tax Cuts and Jobs Act’s complex and far-reaching nature, how can someone endeavor to understand ways in which it may affect their particular industry? For the real estate and construction industry, the Act brings about changes in the realm of personal tax returns, as well as business tax items that require attention.
Posted on Tuesday, June 12, 2018 by Mary Jo Dolson, CPA
By the end of June, the U.S. Supreme Court will render its decision in the South Dakota v. Wayfair, Inc. case. This decision could completely change the state sales tax landscape—is your company prepared for the potential outcome?
Posted on Wednesday, June 6, 2018 by Jim Forbes, CPA
The enactment of the Tax Cuts and Jobs Act in December has caused many business owners currently structured as pass-through entities, such as S corporations, to consider switching to become a C corporation to take advantage of the significantly reduced 21% corporate tax rate.
Posted on Wednesday, June 6, 2018 by Chrissy Walters, CPA, MBA
A company’s internal controls should not be limited to risks that directly impact financial statement line items such as improper revenue recognition or unsupported reconciliations. You should consider other risks that would be detrimental to your business and what controls might be established to mitigate those risks.
Posted on Wednesday, June 6, 2018 by Jason Rauhe, CPA
The IRS has decided to waive certain late-payment penalties relating to the tax on foreign earnings that was included as part of the latest tax reform. It also provided some clarifications regarding filing due dates.
Posted on Monday, June 4, 2018 by Jon Shoop, CPA
Manufacturers are increasingly implementing augmented reality (AR) technology to improve their manufacturing processes. And for good reason–AR typically results in cost reductions, increased speed and fewer errors.
Posted on Monday, June 4, 2018 by Mary Jo Dolson, CPA
The IRS will be issuing regulations and guidance to clarify the treatment of state income taxes recharacterized by states as a charitable deduction to work around new state and local tax (SALT) limitations.
Posted on Tuesday, May 29, 2018 by Nate Lorentz, CPA
Implementing artificial intelligence (AI) into business applications can produce game-changing circumstances that we can’t even imagine. While companies have made significant strides with AI, Forrester Research reports that only about one in eight companies have applied AI to logistics and supply chain management.
Posted on Wednesday, May 23, 2018 by Catherine Davis
People in high-deductible health plans know how helpful health savings accounts (HSAs) can be. From saving on taxes to building funds for medical expenses, HSAs help ensure good health—both from a physical and a financial perspective. Recently, the IRS adjusted the 2019 contribution limits for inflation.