In today’s complex business landscape, navigating sales tax compliance can be a daunting challenge. Sales tax laws are ever-evolving, and making costly mistakes in this area can lead to severe…
Financial management software serves as the backbone of an organization’s operational efficiency and growth. QuickBooks, known for its user-friendly interface and suitability for small to medium-sized businesses, has been a…
What is Transfer Pricing? Transfer pricing is a financial and tax accounting practice that determines the prices at which related entities within a corporate group transact with each other for…
Executive summary: IRS announces withdrawal process for Employee Retention Credit claims The IRS has now launched details offering an option for taxpayers to withdraw their unpaid Employee Retention Credit (ERC)…
On October 20, 2023, the Internal Revenue Service (“IRS”) announced the launch of a three-pronged corporate tax compliance initiative as part of the Inflation Reduction Act of 2022[1] with the…
The Employee Retention Credit (ERC) has served as a crucial support for numerous businesses, offering financial assistance in times of adversity. Nevertheless, along with the advantages of the ERC tax…
Understanding Outsourced Accounting Outsourced accounting, alternatively called accounting process outsourcing, involves hiring a third-party firm to handle some or all of your company’s accounting functions. This includes tasks like bookkeeping,…
The Federal Research and Development Credit, or R&D Tax Credit allows companies engaged in qualified R&D activity to claim a tax credit for their efforts. This is a lucrative credit…
A Fractional CFO, short for Fractional Chief Financial Officer, is a seasoned financial professional who provides part-time or project-based financial leadership and expertise to companies, typically on an outsourced basis….
Transfer pricing is a financial and tax accounting practice that determines the prices at which related entities within a multinational corporation transact with each other for goods, services, or intangibles. These transactions can significantly impact a company’s financial statements, tax liabilities, and compliance with tax regulations in different jurisdictions.