Fair Value and Accounting. Now You Know.
What’s “fair value” in an accounting context? In recent years, the accounting rules for certain balance sheet items have transitioned from historical cost to fair value (FV). Examples of assets…
Tax(es) Filed? Still Have Questions?
Still have questions after you file your tax return? Even after your 2020 tax return has been successfully filed with the IRS, you may still have some questions about the…
Employee Handbook Out of Date? Probably.
Look at your employee handbook with fresh eyes For businesses, so much has changed over the past year or so but maybe not your employee handbook. The COVID-19 pandemic hit…
Gig Economy and Current Tax Obligations
Working in the gig economy results in tax obligations Before the COVID-19 pandemic hit, the number of people engaged in the “gig” or sharing economy had been growing. According to…
Restaurant Affected by COVID-19: Help is Here
The Restaurant Revitalization Fund is now live The COVID-19 pandemic has affected various industries in very different ways. Widespread lockdowns and discouraged movement have led to increased profitability for some…
Time off. How does it affect your business during a pandemic?
Liabilities for unused time off mount as pandemic lingers During the pandemic, many employees have postponed using their allotted paid time off. At least until COVID-related restrictions are lifted and…