Are you eager to spring clean your stacks of records? Not… Read more »
LBMC is a Tennessee accounting firm offering federal/state tax preparation and specialty tax services for corporate business and wealthy individuals. Read more.
The Patient Protection and Affordable Care Act, as amended by… Read more »
Private company consolidation relief expanded with limited impact on physician practices – Under ASU 2018-17, private entities may elect to adopt an accounting alternative to not apply VIE guidance to all current and future legal entities under common control.
Gifts to employees are a traditional way to thank people important to your business, but the IRS says certain types of gifts are taxable, and following the rules can prevent a spoiler later.
Employer credits are available to employers who offer paid family and medical leave.
If you run a business and your good cheer includes giving gifts to employees or customers, the IRS has been thinking about you. Here is a brief guide to the rules.
Livestock held primarily for sale by for-profit farmers must be included in inventory. However, livestock held for draft, breeding, or dairy purposes can either be included in inventory or depreciated. Learn more.
Small businesses owners should review the updated Publication 1281. The IRS released updates on backup withholding to reflect a key change made by the Tax Cuts and Jobs Act.
Two sentences in the 2017 Tax Cuts and Jobs Act could have significant ramifications for healthcare employers when it comes to workplace sexual harassment and sexual abuse settlements.
Under the TCJA, a U.S. person, domestic corporation, partnership, trust or estate that owns at least 10 percent of the value or voting rights in one or more CFCs will be required to include this income as currently taxable income.