Opinions expressed by Entrepreneur contributors are their own. When you are in the beginning stages of starting a business, it is often challenging to balance all the necessary assets you need to be successful. One of the most influential people you should have on your team is a competent accountant
Of the 175 million advance Recovery Rebate Credits issued by the Internal Revenue Service in 2021, more than 1.2 million payments worth $1.9 billion may have gone to ineligible people, according to a new report. The report from the Treasury Inspector General for Tax Administration also found that as many
The way we work has changed forever. Today, employees consider work-life balance, the option to work remotely and a strong cultural fit when looking for their next job. As these potential applicants explore new opportunities, they may find that the websites of many accounting firms are optimized with clients’ needs
Although there’s comparatively less sales tax fraud in this country, there are plenty of fraudulent sales — and some lawmakers think it’s time marketplace facilitators help prevent it. To help prevent someone from selling stolen goods on a marketplace, California and several other states want marketplaces to obtain and share
CPAs are problem-solvers at heart. They take on difficult projects with pride and give their all for their clients. While these are great attributes, it is hard to argue with the idea that many CPAs take on a bit too much, saying yes to every assignment from their bosses or
This two-part series will be devoted to the twists and turns in the rules that govern sales of investments to “related parties” (Internal Revenue Code Section 267). In most cases, the tax code allows an investor to claim losses on her investments when she sells them. But I remind investors
KPMG International has announced updates on its progress for a wide range of ESG commitments. Launched in 2021, “KPMG: Our Impact Plan” merges all of the firm’s ESG goals into one global plan, focused on four main areas: “Planet, People, Prosperity and Governance.” The plan will record its global ESG
Across nearly every industry, profession and organization, diversity is seen as a positive goal for which to strive. This is validated by McKinsey’s 2020 Report “Diversity Wins: How Inclusion Matters,” which provided statistics proving the concrete benefits of having a more diverse workforce. As the general population in the United
Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. CPAs have long been associated with taxes and billing. While historically rooted in
For small-businesses owners, filing year-end taxes and shelling out hefty payments to the IRS can be overwhelming in itself; this season might feel especially daunting amid yet another year of uncertainty. To alleviate some stress for 2021 filings, and even more importantly lower those final amounts owing, business owners and
