FASB new guidance ASU 2023-01 Leases is intended to ease the application of lease accounting for entities under common control, providing clarity on key issues that emerged following the introduction of ASC 842.

An important deadline for quarterly federal estimated tax payments is coming up on June 17. Here are the methods for computing payments for corporations.

When purchasing a business, taxes may not be your main focus. However, the way the transaction is structured can result in either better or worse tax outcomes after the acquisition.

You may be alert to such issues as unrelated business income, but the IRS requires nonprofits to report many activities on their Form 990. We suggest you keep four lesser-recognized issues in mind this year.

Does your business provide Health Savings Accounts to employees? The IRS recently announced the inflation-adjusted amounts for 2025. Here's what you need to know.

Does your nonprofit train staffers and other stakeholders on how to recognize and report fraud? If not, you may risk financial losses you can’t afford. Here are some internal controls you can implement.

If you’re a business owner without a retirement plan, establishing one is simpler than you may think. And there still may be time to set one up for LAST year, depending on your situation.

Form 990T, also known as the Exempt Organization Business Income Tax Return, is a form used by tax-exempt organizations to report and pay tax on unrelated business income. Advertising revenue is one such type of unrelated business income that should be reported on this form. Here's what you need to know.

Here are some upcoming tax-related deadlines for the second quarter of 2024 that businesses and employers should keep in mind.

FASB Accounting Standards Update (ASU) 2016-13, introduced a new Current Expected Credit Loss (CECL) model for financial assets.

Under the Corporate Transparency Act (CTA), many businesses had to begin complying with new reporting requirements on January 1, 2024. But on March 1, 2024, the U.S. District Court for the Northern District of Alabama ruled that the CTA is unconstitutional. Does that mean that businesses no longer have to comply? Unfortunately, that's not the case for those who would like to skip the requirements.

You’d be forgiven for ignoring tax breaks contained in the Inflation Reduction Act. After all, they won’t help tax-exempt organizations. Or will they? We suggest you look at two provisions benefitting nonprofits.