Latest Posts

Defer Tax with a Like-Kind Exchange

Do you want to sell commercial or investment real estate that has appreciated significantly?
KPIs: What are they, and which ones count?

KPIs: What Are They, and Which Ones Count?

Key performance indicators (KPIs) are the keys to operating a successful business, especially during times of uncertainty.

Will the Standard Business Mileage Rate Go Up in 2022? Yes!

The optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up in 2022 by 2.5 cents per mile.

How to Account for Change Orders

When customers make last-minute changes to contracts, it can be frustrating, and the accounting rules for reporting change orders can be complex.

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.