If you are one of the many businesses that have taken advantage of the Employee Retention Credit (ERC) or plan to, you may be wondering about the impact the ERC refund has on your income tax return. In this blog post, we review the ERC and discuss the income tax...
When you invest in financial instruments, such as stocks, mutual funds, IRAs/401ks, commodities, and even cryptocurrency, the main goal is to grow your wealth. In many cases, once that initial investment decision is made, people tend to leave it there and go about...
With over a decade of experience in public accounting, I have performed countless financial statement audits for businesses across industries. Whether required by debt agreements or requested by investors, a successful audit provides transparency and confidence in...
After almost a decade of pressure from the Department of Labor (DOL) requesting more transparent reporting and improved quality for ERISA plan audits, the Auditing Standards Board issued Statement on Auditing Standards No. 136, Forming an Opinion and Reporting on...
U.S. Internal Revenue Code Section 1031 allows real estate investors to swap one property for another and defer recognizing some or all the gain and the related tax liability from the sale of the first property—assuming some very specific rules are met. Over the...
