updates
How do you account for acquisition on a balance sheet?
On the date of acquisition, goodwill arising from the business combination should be recognized in the balance sheet of the acquirer as an intangible asse...
Category: Updates
updates
How much does it cost to run payroll for one employee?
If this sounds like you, you can expect to see individual employee charges that run from $1.50 to $3 per employee and base fees per pay period between $20...
updates
Is the IRS opening mail for prior year tax returns?
According to this IRS update as of April 16th: The IRS is now opening mail within normal timeframes. The IRS has also made significant progress in process...
updates
What is a questionnaire response?
A questionnaire is a research instrument consisting of a series of questions (or other types of prompts) for the purpose of gathering information from res...
updates
What happens if you mail 1096 late?
If you’re submitting Form 1096 with Forms 1097, 1098, 3921, 3922, or W-2G, the deadline is February 28. If you file any of these forms late, the penalty i...
updates
What to do if you issued a 1099 MISC in error?
If you are an Independent Contractor that issued a 1099-MISC in error and need to void or file a corrected 1099-MISC the IRS states, “The IRS operates a c...
updates
Are safe harbor contribution mandatory?
A Safe Harbor Match is a form of mandatory employer contribution. There are three types of mandatory employer contributions, two of which are technically ...
updates
How often do customers need to file Form 941?
You’re required to file a separate Form 941 for each quarter (first quarter – January through March, second quarter – April through June, third quarter – ...
updates
Are 401k contributions exempt from tax?
What Taxes Are 401(k)s Exempt From? Pre-tax 401(k) contributions are exempt from federal income taxes, state income taxes, and local income taxes. Are 401...
updates
How do you handle a contract employee?
6 Tips to Manage Contract Workers Describe the job or project clearly. Throw contract workers some recognition. Maintain communication — positive and nega...
updates
How to file a 1099-MISC for miscellaneous income?
Specific Instructions for Form 1099-MISC File Form 1099-MISC, Miscellaneous Income, for each person in the course of your business to whom you have paid t...
updates
When the seller sells a house as is in Nevada it means?
Nevada Law and Reference Guide, Fourth Edition, 2014, Section IV. Numerous other jurisdictions agree with this interpretation. So, what is the legal effec...
updates
Are EV tax credits still available?
More than Tax Credits Presently, an automaker’s EVs and plug-in hybrids are no longer eligible once that manufacturer has sold 200,000 qualified vehicles ...
