Sharing Economies and Tax Implications
May 17, 2019
Online sharing economies or peer to peer services need to be aware that offering a service or selling a product may trigger tax filing requirements…
Financial Statement Compilations, Reviews, and Audits – What’s the Difference?
May 13, 2019
We will discuss the three main types of accountants’ reports – compilations, reviews, and audits, and highlight the differences between them.
Section 83(b) - Paying a little today to save a lot tomorrow!
May 7, 2019
When a company is first starting, or expecting to grow significantly, paying cash to employees or independent contractors may be difficult.
Crowdfunding for Small Companies
Apr 26, 2019
Many are familiar with crowdfunding in the context of the fore-mentioned example, but many start-ups and small businesses are now taking advantage of…
Employee Benefit Plan Audits
Apr 22, 2019
The Employee Retirement Income Security Act (“ERISA”) of 1974 provides, among other things, that certain retirement plans be subject to an annual…
1031 Exchanges - Updates
Mar 6, 2019
Section 1031 exchanges are better known as "Like-Kind Exchanges." Under the rules prior to the Tax Cuts and Jobs Act (TCJA), capital gains tax could…
Month-End Closing Procedures – Hard Close vs Soft Close
Feb 26, 2019
Another month in the books…but now it is time to reconcile and close out the previous month. By the time your accounting team has ironed out and…
Bitcoin – Tax Treatment by IRS
Feb 22, 2019
Are you among the fortunate ones who hopped aboard the Bitcoin trade early in the game and rode it to its peak before cashing in? Or are you like most…
Stock Options - When Are You Taxed?
Feb 13, 2019
A stock option is when a company grants employees, officers, directors, contractors, or consultants the right to purchase a specified number of shares…
Itemized Deductions for Homeowners
Feb 6, 2019
The 2018 Tax reform has had a huge impact on Schedule A deductions. Here are five ways the Tax Cuts and Jobs Act impacted deductions related to your…