Accounting & Assurance Insights

Tax Prep, Planning & Strategy

Cost control takes a total team effort

“That’s just the cost of doing business.” You’ve probably heard this expression many times. It’s true that, to invoke another cliché,…

Tax Prep, Planning & Strategy

Knowing whether income is sponsorship or advertising

Many not-for-profits supplement their usual income-producing activities with sponsorships or advertising programs. Although you’re allowed…

Tax Prep, Planning & Strategy

IRS Audit Techniques Guides provide clues to what may come up if your business is audited

IRS examiners use Audit Techniques Guides (ATGs) to prepare for audits — and so can small business owners. Many ATGs target specific industries,…

Tax Prep, Planning & Strategy

Beware IRD if you’ve received an inheritance

Most people are genuinely appreciative of inheritances. But sometimes it may be too good to be true. While inherited property is typically tax-free…

Tax Prep, Planning & Strategy

Accounting for pledges isn’t as simple as it might seem

When a donor promises to make a contribution at a later date, your not-for-profit likely welcomes it. But such pledges can come with complicated…

Tax Prep, Planning & Strategy

Medicare and Medicaid Scams – What you need to know

The Centers for Medicare and Medicaid Services is issuing new Medicare cards to seniors, with random letters instead of Social Security numbers. The…

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Latest Tweets

wcscpas Weyrich Cronin Sorra @wcscpas ·
7 Jan

"How does your federal tax bill affect Medicare insurance premiums? How much will monthly Medicare premiums be in 2025? Here are the answers to those and other questions." https://bit.ly/4femneJ

wcscpas Weyrich Cronin Sorra @wcscpas ·
6 Jan

The ongoing saga of the beneficial ownership information reporting requirements isn’t over. A federal appeals court and the government now say that more than 30 million businesses no longer have to file reports in January 2025. https://bit.ly/3W9Ou89