Industries Insights

Tax Prep, Planning & Strategy

Can you deduct business travel when it’s combined with a vacation?

At this time of year, a summer vacation is on many people’s minds. If you travel for business, combining a business trip with a vacation to…

Accounting & Assurance

Certified Nonprofit Accounting Professional – CNAP

What is CNAP? Do you want to move up the ladder by building your financial skill set, are you new to your nonprofit financial position, or are…

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…

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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