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2022 Q1 Tax Calendar: Key Deadlines for Businesses and Other Employers

Here are a few key tax-related deadlines for businesses during Q1 of 2022.

Digitizing the Accounts Receivable Process

While digitalization continues to take hold of the business world, the billing and collections functions at many organizations remain largely paper based.

Providing a Company Car? Here’s How Taxes Are Handled

The use of a company car is a valuable fringe benefit for business owners and key employees. This perk results in tax deductions for the employer and tax breaks for the owners and employees using the cars.

Rolling Forecasts Provide Flexibility in Uncertain Times

As businesses head into 2022, they face unprecedented challenges. In response, many are using so-called “rolling” forecasts to help guide decision-making.
taxes

How are Court Awards and Out-of-Court Settlements Taxed?

If you’re going to receive a personal injury or discrimination settlement or award, you want the best tax result possible. Here are the basic rules of when amounts are tax free or taxable.
business travel

The Tax Implications of Owning a Corporate Aircraft

Ever wonder how much of a tax break you’d get if you bought a private plane for your business? Here are the basic rules.

Coming Soon: New Accounting Rule on Government Assistance Disclosures

Local governments often provide tax breaks and other financial incentives to lure businesses to town. How much detail are businesses required to disclose about these transactions?
non profit meeting

Why Excess Benefit Transactions are Out-of-Bounds

You may know that your not-for-profit needs to avoid excess benefit transactions, but are you sure you know what they are? A full understanding can help your nonprofit avoid mistakes.
Business concept of 2022 new year

Are you ready for the upcoming audit season?

An external audit is less stressful and less intrusive if you anticipate your auditor’s document requests. Auditors typically ask clients to provide similar documents year after year.

Insights

Help ensure your partnership or LLC complies with tax law

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Guaranteed payments to partners and payments to retired partners are just two of the tax issues that should be addressed in your partnership (or LLC operating) agreement. Here are the details. Continue Reading Help ensure your partnership or LLC complies with tax law

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Navigating tax complexities: Craft partnership agreements and LLC operating agreements with precision

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If your business is creating a partnership agreement or LLC operating agreement, it should include tax-related specifications. Here are some key points. Continue Reading Navigating tax complexities: Craft partnership agreements and LLC operating agreements with precision

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Restricted gifts: What to do when strings are attached

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Most nonprofits won’t say “no” to restricted gifts, but these donations are harder to handle than unrestricted ones. To minimize risk, develop restricted gift policies and follow them. Continue Reading Restricted gifts: What to do when strings are attached

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