Jun 15, 2021 | Accounting & Audit Updates, Business Planning, Tax News
An internal audit conducted by an objective consulting group adds value and improves a company’s operations. It can help even small companies accomplish their objectives by adding a systematic, disciplined approach to evaluate and improve the effectiveness of...
Apr 15, 2021 | Accounting & Audit Updates, Business Planning, Closely Held Business, Coronavirus Updates, Coronavirus Updates, Employee Benefit Plans, Government Contracting, Hospitality, Medical Practices, Not-for-Profit, Personal Financial Planning, Private Equity-SBICs and Venture Capital, Real Estate, Tax News
Even before the pandemic, the Small Business Administration offered Economic Injury Disaster Loans for “losses not covered by insurance or funding from the Federal Emergency Management Agency (FEMA) for both personal and business” expenses and for...
Apr 12, 2020 | Accounting & Audit Updates, Featured News and Events, Tax Due Dates, Tax News
The IRS continues to grant filing and payment relief to taxpayers. The latest IRS release IR-2020-66 expands the filing and payment relief beyond just those filings and payments due April 15, 2020. The IRS’s latest announcement issued on April 9, 2020 generally...
Mar 31, 2020 | Accounting & Audit Updates, Featured News and Events, Tax Due Dates, Tax News
IRS Tax Update: Please see below for the most up-to-date information for the IRS, DC, MD and VA tax filing deadlines for the 2019 tax year. We will continue to update you as we get more information on tax return filing and payment due dates. If you have any...
Aug 27, 2019 | Accounting & Audit Updates, Tax News
Benjamin Franklin once said “to fail to plan is to plan to fail.” This adage certainly applies to tax planning. Although the Tax Cuts and Jobs Act of 2017 (TCJA) eliminated many deductions outright, there are exceptions. Certain deductions still exist but...
Aug 22, 2019 | Accounting & Audit Updates, Tax News
In the recently issued Revenue Procedure 2019-29, the IRS has announced the Affordable Care Act’s affordability threshold for plan year 2020. Further, the Department of Health and Human Services has released the ACA’s employer penalties and out-of-pocket...