Poor bookkeeping can be financially devastating for a small business, putting its future viability at risk. Outsourcing accounting services can help resolve these challenges by improving efficiency, ensuring accuracy and providing expert financial guidance. Read More
Tennessee Revenue Ruling 24-06 clarifies that sales should be sourced based on the location of the distributor, not the ultimate customer. It is important for businesses to analyze the facts and state guidance in each instance to ensure accurate apportionment and compliance. Read More
The IRS has issued updated guidance on required minimum distributions RMDs, including final regulations and additional proposed rules under the Secure 2.0 Act. Spanning 79 pages, these regulations address complex timing issues for plan administrators, participants, IRA owners, annuity holders and beneficiaries during the transition to new laws. Read More
Whether you are venturing into the world of entrepreneurship through a franchise or as an independent entity, understanding the benefits of outsourced accounting and how it can aid in effectively managing your business can make all the difference. Read More
H.R. 8864, known as the Tax Administration Simplification Act, aims to reform common tax filings by extending the time for S corporation elections, adjusting estimated tax payment deadlines and treating last-minute electronic payments as timely. Read More
In today's evolving tax landscape, strong transfer pricing documentation is essential for ensuring smooth due diligence processes. By prioritizing comprehensive, up-to-date documentation, your portfolio company can minimize risks, avoid red flags and protect valuation integrity. Read More
Functions like payroll, human resources and IT have long been outsourced to enhance efficiency and focus on core business areas. Outsourcing your finance and accounting functions can offer a range of benefits, from cost savings and scalability to improved efficiency and reduced fraud risk. Read More
In June, the Senate Budget Committee held a hearing to discuss tax reform, including the future of the 2017 TCJA tax cuts. Surprisingly, there was significant bipartisan support for proposals such as tightening rules on carried interests, ending the step-up in basis for estates and adjusting the tax disparity between C Corporations and S Corporations. Read More
Navigating tax credits and incentives has become a pivotal strategy for the clean tech industry aiming to maximize their environmental and financial benefit. Governments worldwide recognize the importance of clean tech and have implemented tax credits and incentives to promote its development and adoption. This article explores key tax credits and incentives available to the clean tech industry and provides strategies for maximizing these green benefits. Read More
Changes are imminent for financial institutions under updated Regulation S-P amendments by the SEC, necessitating enhanced responses to data breaches and consumer notifications. These revisions, the first in twenty-four years, reflect technological advancements and aim to establish a unified federal standard amid varying state regulations. Read More
