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Traditionally, audit procedures for private companies tend to focus on the balance sheet. That is, auditors evaluate whether the book values of the company’s assets…read more
Once you file your 2022 tax return, you may wonder what personal tax papers you can throw away and how long you should retain certain…read more
These days, most businesses have some intangible assets. The tax treatment of these assets can be complex. What Makes Intangibles so Complicated? IRS regulations require…read more
If you operate a business, or you’re starting a new one, you know you need to keep records of your income and expenses. Specifically, you…read more
The second time around was the charm for the Taxpayer First Act (TFA), legislation that makes taxpayer-friendly improvements at the IRS. After passing the House…read more
During the COVID-19 pandemic, many people are working from home. If you’re self-employed and run your business from your home or perform certain functions there,…read more
FOR IMMEDIATE RELEASE EFPR Group Continues to Expand in Buffalo, New York November, 2019, Rochester, New York: EFPR Group, LLP has announced it’s merging the…read more
If you’re thinking about setting up a retirement plan for yourself and your employees, but you’re worried about the financial commitment and administrative burdens involved,…read more
Watch out, nonprofit trade associations! If your group is a 501(c)(6) organization, your activities could potentially threaten your tax-exempt status. To ensure you’re in compliance…read more
The “sandwich generation” accounts for a large segment of the population. These are people who find themselves caring for both their children and their parents…read more
If you’re launching a new business venture, you’re probably wondering which form of business is most suitable. Here is a summary of the major advantages…read more
The business use of websites is widespread. But surprisingly, the IRS hasn’t yet issued formal guidance on when Internet website costs can be deducted. Fortunately,…read more
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