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Most people already understand the tax rules for individual charitable donations, including generous deductions that may be available to itemizers when they give cash or property to charity. But your business may also reap tax rewards for helping out a qualified charitable organization. Though the… Read more
Recordkeeping for reimbursing business travel expenses can be cumbersome. Instead of reimbursing employees for the actual costs they incur for out-of-town lodging, meals and incidentals, some employers opt to pay fixed travel per diems. These amounts are based on IRS-approved rates that vary by…
As interest rates rise and economic uncertainty abounds, many people have decided to lease their homes rather than buy them outright. But some renters may have a road to home ownership — through a lease with the option to buy.
There's more to financial reporting than profits. The statement of cash flows can be a powerful management tool. During an economic downturn, it's especially important for managers to monitor cash flows to detect — and correct — problems as soon as possible. Here's an overview of how this…
Two things in life are certain: death and taxes. While you can't live forever, there are still some ways to collect tax-free income. Here's a list of common federal-income-tax-free opportunities for individuals.
Inflation is up 8.3% year over year, according to the latest data from the U.S. Bureau of Labor Statistics. Many factors — including supply chain disruptions, multi-trillion-dollar government spending packages, the war in Ukraine and economic fallout from the COVID-19 pandemic — have contributed to…
Governor Kathy Hochul on August 31, 2022, signed into law a bill that, among other things, accomplishes two important tax changes for New York City.
As the environmental, social and governance movement continues to gain momentum across industries and practices, green leases are likewise gaining popularity among commercial landlords and their tenants. If your business is considering entering into such an arrangement, you'd benefit from first…
