News

Internal controls have been a hot button issue during the COVID-19 pandemic, especially as remote working arrangements have become more common. Many companies spent significant time assessing and improving internal controls in 2021 — and this audit season, auditors are likely to conduct additional inquiry and testing procedures to determine whether your organization’s internal controls

In 2020 and 2021, many companies have experienced “workforce fluctuations.” If your business has engaged independent contractors to address staffing needs, be careful that these workers are properly classified for federal tax purposes. Tax obligations The question of whether a worker is an independent contractor or an employee for federal income and employment tax purposes

The COVID-19 pandemic has required many people to work remotely, either from home or a temporary location. One potential consequence of remote work may surprise you: an increase in your state tax bill. During the pandemic, it’s been fairly common for people to work remotely from another state — across state lines from the employer’s

Originally published by Bloomberg News on 12.28.21 The delay in passing President Joe Biden’s $2 trillion spending plan means companies won’t get some much-sought tax relief on their research and development costs—at least not yet. A new, less tax-friendly way for companies to record their R&D costs will go into effect Jan. 1, as scheduled, now