Our Accounting Articles
5 KPIs That Can Make a Good Quarter Look Better Than It Is
Before the next quarterly meeting, put these five KPIs in context.
Foreign Gifts and Inheritances: How to Avoid a Costly IRS Penalty
A foreign gift or inheritance may require Form 3520 even when no income tax is due. Missing it can produce a five-figure penalty.
Why You Need Better Controls for Foreign Vendor Payments
A client once asked a simple year-end question: “We paid someone overseas. Do they need a 1099?”
It was a fair question, but by January, the better question is often what should have been collected when the vendor was first set up.
Accuracy in Your Tax Return Is Important, Even With Fewer Audits
A lower IRS audit rate is not much comfort if your return is the one that gets flagged because the income, deductions, or reported amounts do not match what the IRS has on file.
How to Raise Prices and Keep Your Customers Happy
Knicks tickets and World Cup seats are not accounting topics, at least not at first glance. But they can teach business owners something about pricing.
Are You Owed a COVID-Era Tax Penalty Refund?
If you paid IRS penalties or interest during the COVID years, do not leave that notice in the “handled” pile. Before July 10, it deserves one more look.