Business

11 new IRS Compliance Campaigns

  November 15, 2017
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IRS LB&I Division Announces Additional Compliance Campaigns: Earlier this year, the IRS's Large Business and International (LB&I) division adopted a [...]

How to Collect Tax Benefits for Business Bad Debts

  November 4, 2015
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From a business perspective, there’s practically nothing worse than providing goods or services to a customer or client and not getting paid. Or maybe [...]

Employees or Contractors: Which Should a Business Hire?

  February 5, 2015
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Busy season has arrived and with it comes longer days and increased workloads. As you help your clients prepare for tax season, it’s imperative that you [...]

IRS: Make Sure Loans are Business-Like

  January 5, 2015
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Parents and grandparents often lend money to their children or grandchildren to help with major expenditures like education, a wedding or the purchase of a [...]

Loaning Money to Your Family, Friend, or Business?

  January 2, 2015
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Neither a lender nor a borrower be, said Shakespeare―but for many of us, that’s just not practical advice. Jack’s son, Liam, is buying a vacation [...]

The Only Three Reasons Entrepreneurs Need Accounting and Finance

  September 27, 2012
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Observing finance and accounting professionals – or the way academics at most business schools train them – might lead you to believe that finance and [...]

NRIs guide to property received as gift

  October 10, 2011
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The set of tax and regulatory implications for properties received by NRIs as gift are vastly different from those received as inheritances. In this article, [...]

Moving Out of the Home Office — Four Tips for Growing Businesses

  October 10, 2011
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Did you know that an astonishing 52 percent of small businesses are home-based? That’s according to the SBA’s Office of Advocacy. Running a home-based [...]

2011 Business and Corporate Tax Rates with Small Business Jobs Act Tax Changes

  January 13, 2011
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With the passing of the Bush-era tax cuts and small business jobs act tax provisions, a number of tax laws will come into effect this year. Here is a summary [...]

Business e-file Delay

  January 7, 2011
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The IRS announced today that the start date of business return e-file – 1120, 1120S, 1065 and 990 returns – has been delayed to January 12, 2011 (formerly [...]