Accounting Concepts and Practices

Stay informed on the latest PPP loan extensions, updated forgiveness rules, and key deadlines to ensure compliance and maximize financial relief.

Understand the key factors that determine a temporary work location, including duration, tax implications, reimbursements, and documentation requirements.

Understand how part-time work impacts your taxes, including withholding, deductions, and potential savings based on income and tax brackets.

Understand how sponsorships and donations differ for tax purposes, including classification, documentation, and financial reporting considerations.

Learn how to determine if you need an Exemption Certificate Number for Form 3853, how to report it correctly, and what to do if it’s missing.

Understand how taxes apply to digital game purchases, including regional differences, seller responsibilities, and what buyers should keep in mind.

Abandoning a timeshare can lead to financial and legal consequences, including debt collection, tax implications, and credit impact. Know what to expect.

Understand how Pennsylvania taxes remote workers, including residency rules, withholding, local taxes, and credits for taxes paid to other states.

Understand how selling a home used partly for business affects taxes, including gain calculations, exclusions, depreciation recapture, and state tax differences.

Understand how superannuation is taxed in Australia, from contributions to withdrawals, and learn how different tax treatments may impact your retirement savings.

Learn how casino winnings impact your taxes, when withholding applies, and whether you can claim a refund or offset winnings with losses.

Learn how to accurately report a T4PS form on your tax return, ensure compliance, and manage any necessary corrections or documentation.

Understanding why the taxable amount of a survivor annuity is missing from your 1099-R can help you determine your cost basis and report income accurately.

Understand how to report and manage NRSA tax obligations, including federal and state requirements, estimated payments, and proper recordkeeping.

Find out how daycare expenses can impact your taxes, what qualifies for deductions or credits, and how to properly claim them to maximize potential savings.

Understand how Ohio taxes Social Security benefits, including income thresholds, exemptions, and key factors that determine your tax obligations.

Learn how the IRS distinguishes hobbies from businesses and what expenses you can deduct based on your hobby income under current tax rules.

Understand how reinvested dividends impact your tax obligations, cost basis, and reporting requirements to ensure accurate financial record-keeping.

Understand the tax implications, penalties, and reporting requirements of withdrawing pension funds early to make informed financial decisions.

Understand when trusts need to issue 1099s to vendors, which payments qualify, and the reporting requirements to ensure compliance with tax regulations.