Fighting IRS Penalties: Mitigating the Delinquency and Failure-to-Pay Penalties

Each year, the Internal Revenue Service assesses millions of tax penalties against individuals and businesses. If you have received an IRS penalty notice, you are not alone. In 2019, the IRS sent over 40 million penalty notices and assessed over 40 billion dollars in penalties. More than 60 percent of these penalty notices involved just two offenses: delinquency (failure-to-file) and failure-to-pay.

Important Takeaways for Single Audits Under the CARES Act

There is no disputing that the intent of the Coronavirus Aid, Relief and Economic Securities (CARES) Act of 2020 is to provide immediate and tangible economic relief to American workers, families and small businesses. What has been less clear since its passage in March 2020 is how the acceptance of funds available through various CARES Act programs could impact single audit requirements.

Bennett Thrasher Named “Best of the Best Firm” by INSIDE Public Accounting

Bennett Thrasher, one of the largest full-service public accounting and consulting firms in the country, has been named an INSIDE Public Accounting Best of the Best Firm for 2020. These top performers within the profession are ranked on more than 50 metrics. Best of the Best firms produce superior financial results while planning for long-term, sustainable growth.

How Nonprofits Can Use Virtual Fundraising During the Coronavirus Crisis

Like all business operations, the COVID-19 pandemic is changing how nonprofit organizations execute their fundraising activities. No one knows how long the crisis will last, and these organizations can’t afford to take a break from fundraising. Staying connected to donors is critical to nonprofits and their ability to achieve their mission.

COVID-19 and Construction Firms: Proactive Strategies to Navigate the Crisis

As the coronavirus pandemic began spreading in earnest throughout the U.S. in early 2020, businesses in every industry found themselves impacted to various degrees. Some, like restaurants, airlines and event venues, experienced severe negative effects. Others, like construction, felt minor impacts early on. As the pandemic shows no sign of easing though, it’s becoming apparent that things could get troublesome in the months ahead.

How to Tackle Your Exit Plan During COVID-19

The coronavirus pandemic has altered the business landscape and given business owners a new perspective on the most effective and strategic ways to operate their company. While some businesses have excelled by pivoting and incorporating new technologies, others have experienced extreme disruptions, causing their business to shutter.

2020 Estate Planning Update

2020 has been a year of unprecedented uncertainty for many individuals and businesses, with the coronavirus pandemic wreaking havoc on the economy, financial markets, industry segments, financial prospects for individual companies and the valuations of asset holdings. More change could be coming this fall, with an election, the prospect of a new administration on the horizon and the uncertainty of future economic conditions.

Page 1 of 60