Read About - SECURE 2.0 Act Streamlines Hardship Distributions Through Self-CertificationMarch 17, 2023
The process of making hardship distributions for 401(k), 403(b), and 457(b) plans has been simplified with the enactment of the SECURE 2.0 Act in December 2022
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Read About - Cash or Accrual Accounting Method, Know the DifferenceMarch 15, 2023
At a Glance
Main Takeaway
As a private business owner, understanding the difference between cash and accrual accounting methods is essential to accurately interpret your company's financial health
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Read About - Lease Accounting Standards Allow Nonprofits to Use Risk-Free RateMarch 8, 2023
At a Glance
Main Takeaway
The time has come for nonprofit organizations to implement the new ASC 842 standards
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Read About - Remote Work Tax Implications, Home Office, Travel, and MoreMarch 6, 2023
At a Glance
Main Takeaway
Remote work has grown increasingly popular in the past three years, with many businesses opting for flexible, work-from-home options for their employees
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Read About - California Conforms to IRS October 16 Deadline ExtensionMarch 2, 2023
Governor Newsom's office has announced that it will conform to the IRS’s postponement of filing and payment deadlines to October 16, 2023, for taxpayers located in all California counties except the following: Imperial; Kern; Lassen; Modoc; Plumas; Shasta; and Sierra
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Read About - Short-Term Rental Depreciation Considerations for OwnersMarch 1, 2023
At a Glance
Main Takeaway
If you own real estate investment properties, you likely use a tax strategy involving depreciation deductions to maximize savings when you file
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Read About - Operations and Remote Work: Outsourced Finance and AccountingMarch 1, 2023
At a Glance
Main Takeaway
Cloud-based technologies and outsourced finance and accounting professionals are becoming increasingly popular bookkeeping solutions for companies as the workforce becomes more remote
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Read About - How to Value a Small Business for Buyers and SellersFebruary 28, 2023
At a Glance
Main Takeaway
Valuing a small business is critical for both buyers and sellers when applying for loans, raising funds, or transferring ownership
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Read About - IRS Grants Filing Extension to California Storm Victims: Deadline Extended to October 16, 2023February 24, 2023
The IRS has extended the filing deadline to from May 15, 2023 to October 16, 2023 for victims of severe winter storms, flooding, and mudslides in California. This extension currently applies only to applicable federal returns and payments, California has not conformed as of the date of this announcement
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Read About - What Nonprofits Need to Know About New Lease Accounting StandardsFebruary 24, 2023
At a Glance
Main Takeaway
If you handle finances for a nonprofit, it is essential to understand issues related to lease accounting standards
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Read About - Financial Reporting Software, Jirav, and Outsourced AccountingFebruary 22, 2023
At a Glance
Main Takeaway
Effective financial management is critical to the success and sustainability of your business
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Read About - Selecting the Right Accounting Audit Partner for Your BusinessFebruary 21, 2023
At a Glance
Main Takeaway
Choosing the right accounting audit firm for your business is crucial to ensuring the integrity and accuracy of your financial statements
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