A merger may seem like something that happens in the corporate world, where companies often combine to expand sales territory, gain competitive advantages and boost…read more

In April 2018, the IRS released temporary guidance on the amended limit on deductions for business interest expense for tax years beginning in 2018. Taxpayers…read more

Quid pro quo donations occur when a not-for-profit receives a payment that includes a contribution and the organization provides the donor with goods or services…read more

The IRS just released its audit statistics for the 2020 fiscal year and fewer taxpayers had their returns examined as compared with prior years. But…read more

While the COVID-19 crisis has devastated many existing businesses, the pandemic has also created opportunities for entrepreneurs to launch new businesses. For example, some businesses…read more

Terrence M. Burns, CPA, MSA  I  Supervisor Fiduciary Responsibility: The fiduciary of a retirement plan is the person that has a responsibility to act in…read more

At the slots or online, remember to keep records. Gambling at the casino or the racetrack can be entertaining for many people. If you’re one of…read more

The downturn in the stock market may have caused the value of your retirement account to decrease. But if you have a traditional IRA, this…read more

In recent years, the IRS has increased its scrutiny of tax-exempt organizations. Most not-for-profits that fail to file Form 990 for three consecutive years will…read more

Online banking may get all the headlines, but a lot of small businesses still prefer paper checks. QuickBooks can accommodate them. “I don’t write checks…read more

The next quarterly estimated tax payment deadline is June 15 for individuals and businesses so it’s a good time to review the rules for computing…read more

Many people began working from home during the COVID-19 pandemic — and many still work from their home offices either all the time or on…read more