Search Results for "fica"

Deducting meals and entertainment (M&E) can be a little tricky.

On April 22, 2015, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) that may affect both Not-For-Profit Entities (Topic 958) and Health Care Entities (Topic 954). These proposed changes are intended to improve the usefulness of the financial statements, while reducing the complexity and cost for preparers and users.

Verizon Enterprise Solutions recently released its 2015 Payment Card Industry (PCI) Data Security Standard (DSS) Compliance Report, which suggests key strategies that clients can use to make compliance easier, more effective, and sustainable, therefore reducing an organization’s risk of a data breach.

Credit cards and debit cards may share similar looks and widespread acceptability, but their similarity ends the moment one is swiped and returned to the owner’s wallet. Many people carry both and have a preference for one over the other, but may not be fully aware of some of the differences. The purpose of this article is not to recommend one over the other, but to make our readers aware of the very different protections, benefits and risks these two alternative methods of payment provide.

In 2010 the IRS eased restrictions on converting money held in Traditional IRAs to Roth IRAs and allowed for deferred tax payments on the conversion.

New England is filled with beautiful old buildings.  Many once proudly served as things like textile mills, warehouses or military barracks, but were neglected when those uses ended.  Lately, forward thinking developers have transformed many of those structures into trendy apartments, retail space, hotels, or office space.  The particularly astute developers utilize federal and state tax credits to attract investors and maximize investments, and this article will discuss some of those alternatives.

Most businesses now conduct activities in multiple states, and keeping track of these activities while trying to grow a business can be very difficult. However, knowing where the business has activities – employees selling products or providing technical advice to clients, for example – can be important when it comes to limiting the business’s state tax exposure.