Selling a home: Will you owe tax on the profit?
Selling Your home: Will you owe tax? Many homeowners across the country have seen their home values increase recently. According to the National Association of Realtors, the median price of…
Restating financial results and SPACs
Restating financial results SPACs In the first half of 2021, there was a surge in financial restatements. The reason relates to guidance issued by the Securities and Exchange Commission, requiring…
Have a Casualty Loss? Can You Deduct it?
You can only claim a casualty loss tax deduction in certain situations In recent weeks, some Americans have been victimized by hurricanes, severe storms, flooding, wildfires and other disasters. No…
Travel and Entertainment Expenses – Best Practice
Best practices for reporting business-related Travel and Entertainment expenses Many companies have resumed some level of business-related travel and entertainment (T&E) activities — or they plan to do so this…