COBRA and the American Rescue Plan Act
COBRA provisions play critical role in COVID-19 relief law During the COVID-19 pandemic, many employees and their families have lost group health plan coverage. If your business has had to…
Details
Cybersecurity and how it can affect your audit.
Cybersecurity and how auditors assess cyber risks Cybersecurity aka data security is a critical part of the audit risk assessment. If your financial statements are audited, your audit team will…
Details
New COVID-19 relief law extends employee retention credit
New COVID-19 Relief Law Update Many businesses have retained employees during the COVID-19 pandemic. And enjoyed tax relief with the help of the employee retention credit (ERC). The recent signing…
Details
Estimated tax payments: Watch for Deadlines
Estimated tax payments: The deadline for the first 2021 installment is coming up April 15 is not only the deadline for filing your 2020 tax return. It’s also the deadline…
Details
Consolidated Appropriations Act, Here is What to Know.
Educate yourself about the Consolidated Appropriations Act The Consolidated Appropriations Act, which was enacted recently, made some changes to the tax breaks. Here’s a rundown of what has changed. Attending…
Details
Retiring Soon? Impacts on Your Retirement Savings.
Retiring soon? Recent law changes may have an impact on your retirement savings Thinking about retiring? If you’re approaching retirement, you probably want to ensure the money you’ve saved in…
Details
PPP adjusted to prioritize very small businesses
PPP: Paycheck Protection Program and Your Small Business When the Small Business Administration (SBA) launched the Paycheck Protection Program (PPP) last year. The program’s stated objective was “to provide a…
Details
Audit Time? Here is How to Make it More Efficient
Analytical procedures can help make your audit more efficient The use of audit analytics can help during the planning and review stages of the audit. But analytics can have an…
Details
Home Business? Qualify for Deductions!
If you run a business from home, you could qualify for home office deductions During the COVID-19 pandemic, many people are working from home. If you’re self-employed and run your…
Details
Restricted Cash: How Transparent are You?
Restricted Cash Reporting Restricted cash on your company’s financial statements should be transparent. Are your reporting practices in compliance with the current accounting guidance? The basics Restricted cash is a…
Details