The world is musing over the potential impact of Artificial Intelligence (AI). Forrester predicted “A greater than 300% increase in investment in artificial intelligence in 2017”, and Sundar Pichai CEO of Google wrote in 2016 …Read More

 

Businesses generally can determine their vehicle expense deductions either by calculating the actual expenses or using the IRS’s standard mileage rate, which has increased for 2019. Your business may be able to claim a larger …Read More

 

Your exit strategy may not be the first thing that comes to mind when thinking about tax planning for your business. But it should be a key element to look out for your own financial …Read More

 

The end of the year is approaching and it’s time to perform an effective inventory count. Beyond accounting compliance, a year-end physical inventory count can help reduce carrying costs and unearth fraud. Are you ready to …Read More

 

Here are a few key tax-related deadlines for businesses during Q1 of 2019. This list isn’t all-inclusive, so there may be additional deadlines that affect your business. Contact us if you have any questions about …Read More

 

Following feedback from the payroll and tax communities, the Treasury Department and the IRS will incorporate important changes into a new version of the Form W-4, Employee’s Withholding Allowance Certificate, for 2020. The 2019 version …Read More

 

Since a lot of money flows through accounts payable (AP), it is important to get it right! Auditors can help by using four key procedures on AP: reviewing standard operating procedures (SOPs), analyzing source documents (such as …Read More

 

The Tax Cuts and Jobs Act expanded the eligibility of the cash method for businesses. Usually, if a business’s receivables exceed its payables, the cash method of accounting will allow more income to be deferred …Read More

 

Investing in business assets is a traditional and powerful year-end tax planning strategy, and it might make even more sense in 2018. Sec. 179 expensing and bonus depreciation both allow an immediate deduction for the …Read More

 

TCJA Provisions: Research Credit May Be Available

If your company engages in qualified research activities, revisit the research credit to be sure you’re taking full advantage of its benefits. Changes under the TCJA could make the credit more valuable and/or available for …Read More