Read About - Communicating with WindesJanuary 6, 2023
Sending Documents Electronically
Electronic delivery of materials is the preferred and the safest method to send data to us
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Read About - Schedule K-2/K-3 Domestic Partnership Exemption Expanded and RevisedJanuary 6, 2023
In the latest draft of the Schedule K-2/K-3 (1065) instructions released on December 2, 2022, the IRS has expanded eligibility for the new domestic partnership exemption from filing Schedules K-2 and K-3 and revised the partnership notification requirements for partnerships that want to qualify for the exemption
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Read About - ASC 842 Guidance for Private Companies: Important Actions to TakeJanuary 4, 2023
At a Glance
Main Takeaway
Private Companies should seek ASC 842 guidance and consider the implementation efforts needed to meet the new lease accounting standards
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Read About - Know the Rules Regarding Late Employee Deferral DepositsDecember 12, 2022
At a Glance
Main Takeaway
Employers offering 401(k) plans for their employees are required to timely deposit employee salary deferrals and loan payments to the trust account each payroll cycle
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Read About - Stock-Based Compensation and How it Is Affected by ASC 740December 6, 2022
At a Glance
Main Takeaway
On an income statement, stock-based compensation is recognized as a non-cash expense, just like other operating expenses such as depreciation
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Read About - An Introduction to Property Tax and Common FAQsDecember 2, 2022
At a Glance
Main Takeaway
Property tax affects individual homeowners, but it also factors into tax considerations for real estate property owners
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Read About - Valuing Goodwill, Understanding Personal vs. Enterprise GoodwillNovember 29, 2022
At a Glance
Main Takeaway
Most people think of the value of a business based on its tangible assets, such as cash flow, equipment, or land
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Read About - If Improperly Forgiven, the IRS Says PPP Loans are TaxableNovember 15, 2022
At a Glance
Main Takeaway
The Paycheck Protection Program (PPP) was established by Congress to provide aid for businesses, self-employed workers, sole proprietors, and nonprofit organizations to keep employees on payroll while these businesses may have been shut down due to the COVID-19 pandemic
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Read About - A Case Example: Applying ASC 842 New Leasing StandardsNovember 11, 2022
At a Glance
Main Takeaway
The new ASC 842 leasing standards went into effect for nonpublic entities on January 1, 2022
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Read About - 2023 Cost of Living Adjustments for Retirement PlansNovember 8, 2022
The IRS has announced cost of living adjustments (COLA) applicable to qualified retirement plans for 2023. Following is an updated summary of those adjustments
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Read About - What You Need to Know, ERISA Record Retention RequirementsNovember 8, 2022
https://windes.wistia.com/medias/ihgxhsoxvt?embedType=async&videoFoam=true&videoWidth=640
At a Glance
Main Takeaway
As a plan administrator, you must meet all Employee Retirement Income Security Act of 1974 (ERISA) record retention requirements to ensure your plans are compliant
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Read About - Business Combinations and Accounting for Income Tax Under ASC 740October 28, 2022
At a Glance
Main Takeaway
Business combinations, in which an acquiring entity obtains control of another business (or multiple businesses), can yield revenue, eliminate competition, and allow companies to tap into previously inaccessible consumer markets
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