Services: Tax Advisory
-
Small Business Retirement Plan
A small business retirement plan like a SEP IRA, SIMPLE IRA, or Safe Harbor 401(k) can cut your tax bill and help you and…
-
Trust Tax Rates: 3 Ways to Cut Income Taxes on Trusts
Trust tax rates hit the top federal bracket at a fraction of the individual threshold. Learn three strategies to lower income tax on your…
-
Revenue Recognition Cutoff: GAAP Rules for Timing
Revenue recognition cutoff sets when to record revenue and expenses under GAAP. Learn the rules, ASC 606 impacts, and audit best practices.
-
No Health Insurance Penalty
The no health insurance penalty under the ACA required most Americans to carry minimum essential coverage or pay a tax. Learn how it worked,…
-
All-Events Test: Deducting Accrued Warranty Claims
Learn when accrued warranty claims are deductible under the Sec. 461 all-events test, including economic performance and the recurring item exception.
-
Coverdell Education Savings Account: A Tax-Smart Guide
A Coverdell ESA lets you save tax-free for K-12 and college costs. Learn contribution limits, qualified expenses, and 529 plan differences.
-
Tax on Selling Investments
Learn the tax details that affect your net return when selling investments, including cost basis, capital gains rates, trade dates, and transaction costs.
-
Expired Tax Breaks: Will Congress Renew Key Deductions?
Several expired tax breaks, including the tuition tax deduction and mortgage insurance premium deduction, may be renewed by Congress. Here is what taxpayers need…
-
How External Auditors Can Leverage Internal Audit Work
External auditors can leverage internal audit work to reduce fieldwork disruptions and improve audit efficiency under SAS 128. Here is how the collaboration works.
-
Income Statement Analysis: Put Your Financial Data to Work
Income statement analysis reveals profitability trends and cost issues. Learn the key ratios to put your financial data to work.