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Best practices for reporting business-related T&E expenses

Many companies have resumed some level of business-related travel and entertainment (T&E) activities — or they plan to do so…

Planning for year-end gifts with the gift tax annual exclusion

As we approach the holidays and the end of the year, many people may want to make gifts of cash…

Estimated Tax Deadline

Third Quarter Estimated Taxes

We wanted to remind you that estimated taxes are due on or before September 15, 2021. If we prepared and…

Now Hiring Audit Manager – RVA

Now Hiring Audit Manager – RVA Enjoy a flexible work culture while working in a broad range of industries for…

IRS audits may be increasing, so be prepared

The IRS just released its audit statistics for the 2020 fiscal year and fewer taxpayers had their returns examined as…

Can taxpayers who manage their own investment portfolios deduct related expenses? It depends

Do you have significant investment-related expenses, including the cost of subscriptions to financial services, home office expenses and clerical costs?…

Internal control questionnaires: How to see the complete picture

Businesses rely on internal controls to help ensure the accuracy and integrity of their financial statements, as well as prevent…

Have you followed up on the management letter from your audit team?

Auditors typically deliver financial statements to calendar-year businesses in the spring. A useful tool that accompanies the annual report is…

Following Up on Coronavirus-Related Distributions from IRAs

If you were adversely affected by the COVID-19 pandemic, you may have taken a tax-favored coronavirus-related distribution (CVD) from a…

Improve Your Bottom Line with Better Inventory Management

In a competitive retail environment, there’s little margin for error. If your business exhausts its inventory of a key product…