Read About - What You Need To Know About Cash Flow AnalysisJune 22, 2023
At a Glance
Main Takeaway
Analyzing cash flows is a fundamental aspect of financial management that enables businesses to understand their financial health, solvency, and liquidity
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Read About - New Form 5500 Guidance: DOL Changes Participant Count MethodologyJune 14, 2023
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Also read our updated article: When Does a Retirement Plan Require an Audit
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Read About - SECURE 2.0 Act: Changes to Retirement Savings PlansJune 9, 2023
At a Glance
Main Takeaway
The SECURE 2.0 Act (the Act), signed into law in December 2022, builds on the initial SECURE Act of 2019 and aims to make it easier for workers to save for retirement
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Read About - ERISA or Non-ERISA Plans?May 30, 2023
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Most employer-sponsored retirement plans are subject to the Employee Retirement Income Security Act (ERISA)
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Read About - Section 30D Clean Vehicle CreditMay 30, 2023
At a Glance
Main Takeaway
The clean vehicle credit is a federal tax credit designed to encourage individual taxpayers and businesses to purchase and use electric-powered vehicles
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Read About - FAQs Regarding Research and Experimental Expenses Under Section 174May 22, 2023
At a Glance
Main Takeaway
Internal Revenue Code (IRC) Section 174 now requires taxpayers to capitalize and amortize research and experimental (R&E) expenditures beginning in tax year 2022
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Read About - 6 Reasons Businesses Choose Cloud SecurityMay 12, 2023
At a Glance
Main Takeaway
The rise of digitization has made cloud security essential in protecting sensitive data and ensuring uninterrupted business operations
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Read About - CECL Model for Measurement of Credit LossesMay 9, 2023
At a Glance
Main Takeaway
The Current Expected Credit Loss (CECL) model is a newer accounting standard that requires companies to estimate and account for expected losses on their financial statements
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Read About - How Technology is Changing the Future of Payroll ManagementMay 5, 2023
At a Glance
Main Takeaway
Recent technological advancements in payroll management are leading to enhanced operational efficiency and business compliance
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Read About - Understanding SALT Cap WorkaroundsMay 2, 2023
At a Glance
Main Takeaway
State and local income taxes, commonly called "SALT," have been the subject of much discussion in recent years
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Read About - ASC 740 and State Income TaxesApril 25, 2023
At a Glance
Main Takeaway
Accounting Standards Codification 740, also known as ASC 740, is a set of guidelines regulating how companies recognize the impact of income taxes under Generally Accepted Accounting Principles (GAAP)
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Read About - How Does the SALT Deduction Work?April 11, 2023
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At a Glance
Main Takeaway
The State and Local Tax (SALT) deduction impacts the financial strategies of businesses and high-net-worth individuals every year
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