If you work from home, you might be eligible to claim a home office deduction. This can help reduce your taxable income by allowing you to write off certain home expenses related to your business use. Here’s what you need to know to determine if...
State tax laws are evolving rapidly, with broadening nexus standards, shifting apportionment rules, aggressive enforcement tactics, and growing divergence from federal standards. As a result, companies operating across multiple U.S. states face an increasingly complex state tax compliance landscape. What was once a manageable state filing...
The freelance workforce in the U.S. is growing rapidly. In 2017, 57.3 million Americans freelanced. That number climbed to 73.3 million by 2023, and projections from Statista estimate it will reach 90.1 million by 2028, representing a more than 40% jump in just over a...
Facing a business audit can be stressful, but it’s important to stay calm and understand why it might be happening. Audits can occur randomly, but they’re often triggered by red flags in tax filings, such as high expense claims, incorrectly classified workers, or unusual deductions....
The One Big Beautiful Bill was passed into law on July 4. As with most tax legislation, this bill has an impact on both businesses and individuals. Here are some of the key provisions that will affect businesses. In our next newsletter, we’ll cover the...
Sales tax is a consumption-based tax applied to the sale of goods and services, but its structure is anything but uniform across the United States. With varying rates, rules, and exemptions depending on the jurisdiction, navigating sales tax obligations can be a complex but necessary...
Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, the Financial Crimes Enforcement Network (FinCEN) is issuing an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate...
Despite the rollback of some U.S. federal regulations and considerable political turbulence, the private sector continues to advance the integration of sustainability into their corporate strategies and reporting. In fact, our most recent CFO Sustainability Outlook Survey showed that 91 percent of organizations that are...
Filing for Chapter 11 bankruptcy can bring a new lease on life for a struggling company. During bankruptcy, business leaders may confront the reasons for reorganization in a way that empowers the company to surmount its challenges and uncover opportunities to reassess operations. It’s even...
When it comes to filing business taxes, staying organized and attentive to detail is key to avoiding common blunders. Surprisingly frequent errors — such as incorrect Social Security numbers, miscalculations, or wrong bank details — can result in delays or even misdirected refunds. Making sure...
