News & Insights
News
Insights
Recent Posts
- Understanding Deferred Taxes: Why Book Income and Taxable Income Don’t Always Match
- Repair or Improvement: Does the Distinction Matter Under Current Tax Law?
- Restructure Your Nonprofit with Confidence
- Which Products Really Drive Your Business’s Profits?
- IRS Releases Guidance on the Paid Family and Medical Leave Tax Credit
- Plan Before Expanding Your Nonprofit’s Staff
- The Business Lifecycle Part 5: The Expansion Stage
- Worker Misclassification Can Carry Serious Consequences
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Understanding Deferred Taxes: Why Book Income and Taxable Income Don’t Always Match
Deferred taxes remain one of the more misunderstood areas of financial reporting. Deferred tax assets and liabilities generally reflect temporary differences between when items are recognized for book and tax…
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Repair or Improvement: Does the Distinction Matter Under Current Tax Law?
Ordinary repair and maintenance costs are generally deductible in the year they’re paid or incurred, depending on your accounting method. Costs that improve property must be capitalized. However, under current tax law,…
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Restructure Your Nonprofit with Confidence
Restructuring can help certain nonprofits reduce costs, combine resources, change their legal forms or move to another state. IRS guidance generally allows domestic organizations recognized as tax-exempt under Section 501(c)…
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Which Products Really Drive Your Business’s Profits?
Robust sales don’t always translate into strong profits. A popular product could produce disappointing returns when you account for discounts, shipping, returns and support costs. At the same time, a…
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IRS Releases Guidance on the Paid Family and Medical Leave Tax Credit
Offering paid family and medical leave (PFML) can help businesses attract and retain employees while providing workers with financial support when they need time away to care for themselves or…