Understanding Key Performance Indicators (KPIs): What They Are And Why They Matter

Growing your business in today’s rapidly evolving marketplace can be challenging. How effectively you meet your company’s objectives can make the difference between success and failure. Key Performance Indicators (KPIs) offer a series of metrics you can use to gauge progress and performance, whether company-wide or within a specific department....

IRS Initiatives 2022

Pass-Through Entity Initiatives S-Corporation Distributions S-Corporation Losses Claimed in Excess of Basis Campaign S-Corporations Built-in Gains Tax Sale of Partnership Interest Syndicated Conservation Easement Transactions Tax Cuts and Jobs Act (TCJA) Campaign U.S. Territories Self Employment Tax Virtual Currency High Income Non-filer International Taxation Expatriation of Individuals (International Tax) Forms...

Recovery Startup Businesses: Claiming the Employee Retention Tax Credit

The COVID-19 pandemic has affected the way we work, shop, learn, and live. For business, the pandemic has created a range of challenges—from compliance with safety mandates to logistics challenges—to staying profitable. What may be surprising is that during the pandemic, a remarkably large number of new startup businesses were...

The Aftermath of IRS Offshore Voluntary Disclosure Program- Foreign Bank Accounts

You made an Offshore Voluntary Disclosure, now what? In July 2019, the Internal Revenue Service (“IRS”) Large Business and International Division announced the next steps after taxpayers made a voluntary disclosure regarding unreported bank accounts or foreign assets. When taxpayers make a voluntary disclosure, each taxpayer essentially promises to stay...