Financial statement preparers should consider the impact of new tax laws and regulations on income tax calculations and disclosures in their 2022 financial statements.
Some businesses remain afraid of outsourcing. There is nothing to fear and much to gain from hiring an experienced CPA firm that offers multiple levels of oversight.
Understanding nexus is essential for determining a company's tax obligations. However, many businesses are unaware of what establishes nexus and thus are unaware of their tax obligations. Learn about tax nexus and how it may affect your company.
If your trade or business made payments in 2022, you are most likely required to file information returns to the IRS (Forms 1099-NEC, 1099-MISC, etc.) by January 31, 2023. Keep in mind that common types of business expenses, such as rent and professional fees may be subject to reporting.
As the calendar year wraps, it's time for health care organizations to reflect on challenges this year as well as what to focus on for the coming year.