Penny Warrants: Understanding the Accounting Challenges
(authored by RSM US LLP) Understand the complexities of accounting for penny warrants and navigate the challenges with professional guidance....
15 January, 2025
News & Events Tag
IRS Updates 2025: Faster Refunds and Enhanced Security with IP PINs
The IRS is introducing updates for the 2025 filing season to enhance taxpayer security and prevent refund delays. One key change is that e-filed tax returns claiming dependents listed on...
06 January, 2025
Tax Deductions and Credits for Living in Assisted Living
Assisted living facilities provide essential support for seniors and individuals with disabilities, offering services such as help with daily activities, medical care, and a safe living environment. While assisted living...
06 January, 2025
Charitable Giving: Planes, Boats and Automobiles
(authored by RSM US LLP) Substantiating charitable contributions of planes, boats, and automobiles differ from other types of non-cash gifts....
06 January, 2025
Don’t Let Payroll Taxes Derail Your Business
Navigating the complexities of payroll taxes is a daunting task for small business owners, fraught with challenges like worker misclassification and ever-changing regulations. This article explores common pitfalls and offers...
02 January, 2025
Avoid Underpayment Penalties: Make a Payment by January 15th
Learn how to keep abreast of your tax payments and avoid rising underpayment penalties that can quickly snowball. Discover strategies that can help you dodge unnecessary costs....
02 January, 2025
Building a More Resilient Business Through Structured Risk Management
When market conditions change and unforeseen events test your business’s resilience, having a structured risk management process in place helps you respond with agility and foresight. This guide outlines practical...
02 January, 2025
Decoding Income Definitions: AGI, MAGI, and Taxable Income Explained
Navigating the U.S. tax system can be complex, particularly when understanding critical concepts like Adjusted Gross Income (AGI), Modified Adjusted Gross Income (MAGI), and Taxable Income. These definitions impact your...
02 January, 2025