by Diana Gwaltney | May 23, 2023 | Tax, Tax Watch
Every year, the IRS compiles a list of 12 tax scams that could target or affect taxpayers, known as the “Dirty Dozen” list. It advises tax professionals and taxpayers, both individuals and businesses, to keep an eye out for these types of scams. While the IRS...
by Samantha Suozzi | May 23, 2023 | Tax, Tax Consulting, Tax Watch
Health savings accounts (HSAs) are an often overlooked tax planning tool that can not only save you taxes now but can also be used for wealth-building and retirement planning. If you are eligible to contribute to an HSA there are many benefits, some of which are often...
by Isaac Rowles | May 19, 2023 | Audit and Accounting, NonProfit, Tax Watch
A set of accounting standards for leases is now mandatory for most business entities in the U.S., including not-for-profit organizations (NFPs). These standards, known as ASC 842, began to take effect in late 2018 for publicly-traded companies. They became effective...
by Sarah Hayes | May 3, 2023 | Healthcare, Tax Watch
The current economic climate has imposed considerable pressure on businesses of diverse backgrounds on a global scale. Of note, the healthcare sector is experiencing multiple strains stemming from such factors as inflation and the aftermath of the COVID-19 pandemic....
by Jennifer Billstrom | May 3, 2023 | Business Consulting, Tax Watch
Are you confident that you are presenting financial data effectively? Are the exceptions and significant changes over time in your financial data obvious at just a glance? Does your reporting provide motivation for your leaders to dig deeper, and drive their...
by DMJPS PLLC | Mar 17, 2023 | Tax Watch
The IRS has released a series called the Tax Time Guide, a resource to help taxpayers file an accurate tax return. Additional help is available in Publication 17, Your Federal Income Tax. Several of those resources and tools are highlighted below. This original...
