Should your company report tax positions taken (or to be taken) on tax returns before they’re resolved with the tax authorities? Here’s an overview of the accounting rules for uncertain tax positions under U.S. GAAP.
NOTE: This article was originally published in the February 2023 issue of TRENDreport. We had a good run while it lasted! Although not an ideal situation for real estate as interest rates rise to curb high inflation, there is always a silver lining. Tax strategies are like the cycles in the economy. We must adjust[ … ]
With Republicans now in control of the U.S. House of Representatives, what’s the fate of prospective tax legislation in 2023?
Entrepreneurs often invest blood, sweat and tears to start new businesses. But few are experts in financial reporting. Don’t let accounting mishaps derail your startup!
Businesses face a variety of tax-related deadlines in the first quarter of 2023. Here are some of them.
Any transaction your business engages in involving intangible assets and their related costs should be analyzed to determine the tax implications. Here are the basic rules.
Are you interested in reducing your 2022 tax liability? There’s still time to take these year-end tax planning steps.
Business owners and their employees may not have to pay Social Security tax on ALL of their wages. Amounts above a certain threshold aren’t subject to Social Security tax. Here’s how the 2023 “wage base” will affect your payroll.