Services: Tax Advisory
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Employee Retention Credit Voluntary Disclosure Program
On December 21, 2023, the IRS announced a new program for taxpayers who want to pay back money they received filing for the ERC…
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How To Review A SOC 2 Report
In a previous article we stressed the importance of proper Vendor Risk Management. But how do you actually review a SOC 2 report, especially…
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New York Follows FinCEN Enacting Beneficial Ownership Information Reporting
On December 22, 2023, New York’s governor signed Senate Bill 995B/Assembly Bill 3484A, enacting the New York LLC Transparency Act (NYLTA). The NYLTA is…
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Ohio Pass-Through Entity Tax
Starting in 2022, many states came out with a Pass-Through Entity Tax. A pass-through entity tax is an entity-level income tax that partnerships, S…
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Related-Party Loans and Advances: Considerations for Operations and Reporting in the Healthcare Industry
Related-party financing and advances to and from affiliates are commonplace in the health care industry, especially within the skilled nursing industry as well as…
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2024 Ohio Commercial Activity Tax (CAT) Changes
IMPORTANT CHANGES TO OHIO’S COMMERCIAL ACTIVITY TAX: Ohio’s Commercial Activity Tax (CAT) changed significantly effective January 1, 2024, and requires due diligence for future…
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After the Hollywood Strike: Production Accounting Impact
2023 saw the longest strike for SAG-AFTRA (Screen Actors Guild – American Federation of Television and Radio Artists), beginning July 14 and ending November…
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The State House Always Wins: Sports Gambling Treatment in Ohio
With the first year of legalized sports gambling in Ohio in the books, many Ohioans may face higher-than-expected tax bills because of their sports…
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Corporate Transparency Act
One of the biggest legislative changes affecting small business in 2024 and future years is the Corporate Transparency Act (CTA). Here is a list…
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Form 5500 Schedule H: Fewer Plans will Require Audits Starting in 2023
While it is not common for regulatory compliance requirements to lessen over time, in February 2023, the Internal Revenue Service (IRS) and U.S. Department…