Accounting Concepts and Practices

Explore how local governments use calculated, one-time fees on new construction to fund infrastructure and shift the financial burden of community growth.

Married couples face the same federal SALT deduction limit as single filers. Understand the financial impact and strategic considerations for your joint return.

Explore the principles behind 704(b) capital accounts, the required method for tracking a partner’s economic interest to justify profit and loss allocations.

Learn how qualifying Texas entities can simplify their annual franchise tax filing with the straightforward No Tax Due Report.

Understand why your federal taxable income in W-2 Box 1 is often less than your Medicare wages in Box 5 due to how pre-tax deductions are applied.

A Section 409A separation from service has a specific tax definition that impacts deferred compensation and is distinct from a standard termination.

Understand how a pre-tax parking benefit can lower your taxable income. This guide explains the financial mechanics and the important rules for managing your funds.

Understand your tax obligations in Utah. This guide explains the state’s flat income tax, variable sales tax rates, and locally-managed property tax.

Learn how to properly structure and operate a 501(c)(7) social club to meet IRS requirements for obtaining and maintaining tax-exempt status.

Selecting a retirement plan requires non-profits to weigh plan structures, contribution strategies, and the administrative duties that follow.

Learn how a stock redemption works, from the corporate strategy driving the buyback to the critical tax rules determining the shareholder’s outcome.

Defining your residency in South Carolina goes beyond a simple timeframe. Understand the key factors and varying requirements for different official purposes.

Understand the requirements and limitations for deducting property taxes to determine if this tax-saving strategy is right for your financial situation.

Understand Alabama’s tax rules for retirement income. This guide clarifies the state’s exemption for 401(k)s and how it differs from federal policy.

Merging companies with common ownership involves more than a simple combination. Understand the formal process for a sound legal and financial consolidation.