Are you considering buying or replacing a vehicle that you’ll use in your business? If you choose a heavy sport utility vehicle (SUV), you may…read more

Does your business file 10 or more information returns with the IRS? If so, you must now file them electronically. This is a significant rule…read more

Empire State Development (“ESD”) has launched the New York State COVID-19 Pandemic Small Business Recovery Grant Program, which was created to provide flexible grant assistance…read more

President Biden signed the $1.9 trillion American Rescue Plan Act (ARPA) on March 11. While the new law is best known for the provisions providing…read more

A recent case about a taxpayer failing to sufficiently prove their change of domicile, or residency, is a great reminder that this can be much…read more

The 2022 mid-term election has shifted the scales in Washington, D.C., with the Democrats no longer controlling both houses of Congress. While it remains to…read more

It is with great pleasure we announce Brent Jensen, CPA and Courtney Schenkel, CPA  have been promoted to Director in EFPR Group’s Attest Department. Courtney joined…read more

The new tax law eliminates most itemized deductions, starting in 2018. Under prior law, the following deductions were deductible if they exceeded 2% of your…read more

Accounting standards for not-for-profit entities have been changed for the first time in more than 20 years. Accounting Standards Update (ASU) No. 2016-14, Not-for-Profit Entities…read more

The U.S. Department of Labor’s (DOL’s) test for determining whether a worker should be classified as an independent contractor or an employee for purposes of…read more

There’s a new IRS form for business taxpayers that pay or receive certain types of nonemployee compensation and it must be furnished to most recipients…read more

What do the numbers mean for you? The IRS has announced its 2021 cost-of-living adjustments to tax amounts that might affect you. Many increased to…read more