The tax pros and cons of S corp status for small businesses

A client of mine recently asked me what I thought was the best organizational structure for a small business, especially related to the tax issues.

The tax pros and cons of S corp status for small businesses


Finance, tech billionaires boost wealth after election wins

Despite lingering uncertainty over the U.S. election, the country’s ultra-rich already have plenty to celebrate from Silicon Valley to Illinois.

Finance, tech billionaires boost wealth after election wins


FASB deals with uncertainties from pandemic and election

Having started his transition at the beginning of the pandemic, Board Chair Richard Jones now faces the uncertainty of the presidential election and what Congress might do with accounting standards.

FASB deals with uncertainties from pandemic and election


IRS warns of new EIP text scam

The latest scheme claims to need a taxpayer’s bank account information to direct deposit a stimulus payment.

IRS warns of new EIP text scam


Election outcome narrows opportunities for tax changes

Regardless of who wins the White House, the scope for tax legislation in the near term will be limited.

Election outcome narrows opportunities for tax changes


Auditing in a pandemic: What will stick in 2021?

As firms begin preparing for the busy season, what have we learned about hiring, training and working in a pandemic, and how can we prepare for the new normal?

Auditing in a pandemic: What will stick in 2021?


Transfer pricing changes drive tax savings for coronavirus-impacted companies

Intercompany pricing corrections now can help generate cash by utilizing tax net operating losses.

Transfer pricing changes drive tax savings for coronavirus-impacted companies


Accountants respond to the Expensify letter

When David Barrett sent a controversial pro-Biden letter to his company’s 10 million-strong email list, it caused an uproar in the accounting profession.

Accountants respond to the Expensify letter


ADP reports private sector added 365K jobs in October amid election uncertainty

The coronavirus and uncertainty over the election are slowing down employment gains.

ADP reports private sector added 365K jobs in October amid election uncertainty


Cannabis: ‘A bit of a bright spot’ for accountants

The burgeoning industry is doing well in the pandemic, making it a hotter niche than ever.

Cannabis: ‘A bit of a bright spot’ for accountants