Category News

Starting January 1, 2024, many companies will be required to report information to the U.S. government about who ultimately owns and controls them.   What is the new BOI rule? The Beneficial Ownership Information (BOI) Reporting Rule is aimed at enhancing…

The Internal Revenue Service today announced a delay in reporting thresholds for third-party settlement organizations set to take effect for the upcoming tax filing season. As a result of this delay, third-party settlement organizations will not be required to report…

The impact of COVID-19 on society and the global markets have forced many companies to address the impacts on their businesses, including accounting and financial reporting implications.: Impact on operations Compliance with COVID-19 restrictions Impact on earning prospects Impact on…

Rise of Cloud-Based Accounting Amidst the pandemic and business moving to online platforms, cloud-based accounting is on the rise. According to Businesswire, it is predicted to increase at a CAGR of 6% between 2020 to 2024, making remote work easier.…

Doing your taxes can be a long and stressful process, but being prepared and organized will ensure you have the important information, keeping Tax Day simple. 1. Personal Information Your full name as stated on your Social Security card Date…