Tax & Accounting
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Corporate expenses may wind up being nondeductible both by an officer and the corporation unless proper steps are taken.
With the rise of VRBO and Airbnb, allowing short-term rentals on a vacation home are becoming more popular. Here’s what you need to know about vacation home taxes.
The IRS recently released information on how to check eligibility, opt-in for non-filers, and opt-out of the advance child tax credit payments as part of the ARP.
The pandemic has accelerated the adoption of mobile technologies, increasing your cybersecurity risk. Conducting a cybersecurity assessment can help.
There are a number of tax credits and incentives that businesses can take advantage of to help offset the losses experienced during the pandemic.
Here are 10 facts about this valuable tax break, referred to as the pass-through deduction, QBI deduction or Section 199A deduction.
Last year’s CARES Act enhanced several tax incentives for charitable deductions for donations made through the end of 2021. Here’s a summary.
The Employee Retention Tax Credit (ERTC) is a valuable tax break that was extended and modified by the American Rescue Plan Act (ARPA). Here’s a rundown of the rules.
Operating reserves are often called “rainy day funds.” But stable reserves are critical for far more pressing reasons than the metaphorical rainy day.
A Section 529 plan remains one of the best ways for families to save money for college while saving on taxes at the same time.
Board members should always bear in mind their board member responsibilities and duties. Here are the three primary duties.
If you’re claiming deductions for business meals or auto expenses, be sure to follow best practices for business expenses.