Jan 42 minIRS Launches Compliance Campaign Aimed at Inflated Cost of Goods SoldThe IRS Large Business & International Division (LB&I) has announced a compliance campaign aimed at taxpayers that may have reduced their...
Dec 20, 20231 minBeneficial Ownership Information: Updates and Key Insights to New Reporting RequirementsIn 2021, the Corporate Transparency Act was enacted by congress. As part of this Act, new beneficial ownership information reporting...
Dec 13, 2023108 min2023 Year-End Tax Planning Guide for BusinessesTax Accounting Methods A taxpayer’s tax accounting methods determine when income is recognized and costs are deducted for income tax...