What Was Item 301 and Why Was It Eliminated?
Delve into the SEC’s 2021 elimination of the Item 301 disclosure, a shift in reporting that impacts how investors analyze historical financial data.
Investment and Financial Markets
Executor Fee: Calculation, Taxes, and Payment
Understand the standards for determining executor compensation, its financial impact on the executor and estate, and the procedures for taking payment.
What is the IFRS Conceptual Framework?
Explore the foundational concepts that underpin IFRS, establishing a consistent basis for preparing and interpreting useful financial information globally.
How to Claim the Canadian R&D Tax Credit
Navigate the Canadian SR&ED tax credit program by learning how to define eligible work, track qualifying costs, and follow the correct CRA filing procedures.
How to Perform a Search for Unrecorded Liabilities
Explore a crucial audit process for ensuring financial completeness by using subsequent records to verify all obligations are properly reported.
Revenue Ruling 79-55 and Split-Dollar Arrangements
Analyze the principles of Revenue Ruling 79-55, which defines the taxable dividend value for shareholders in certain grandfathered split-dollar plans.
Does a Successor Trustee Get Paid for Services?
Serving as a successor trustee is a significant role. Understand the legal and procedural framework that governs how trustees are compensated for their work.
AS 3407: Auditor’s Inquiry of a Client’s Lawyer
AS 3407 provides the framework for how auditors obtain crucial evidence from a company’s lawyers to validate the accounting of legal contingencies.
SEC Form 3 vs Form 4: What’s the Difference?
Understand the SEC reporting obligations for corporate insiders, from the initial disclosure of holdings to ongoing reports of stock transactions.
How to Record Carried Interest Accounting Entries
Accurately record carried interest by translating complex profit allocation logic into the precise journal entries required for fund accounting and distributions.
Who Must Pay Pennsylvania Estimated Tax?
Understand your responsibilities for paying Pennsylvania estimated tax on income without withholding to ensure compliance and proper payment throughout the year.
What Is the Social Security Family Maximum?
A worker’s Social Security record has a benefit cap for the whole family. This rule can proportionally reduce dependent payments, but some ex-spouses are exempt.
How Is Per Diem Paid Out to Employees?
Understand the per diem payment process, from substantiation rules to how your employer’s policy determines if the allowance is tax-free or taxable income.
How Much Should a Freelancer Save for Taxes?
Confidently manage your freelance finances by learning how to calculate and set aside the correct amount for your tax obligations throughout the year.
Rev. Rul. 79-51: No Gift Tax for Renouncing Grantor Powers
Explore Rev. Rul. 79-51’s guidance on why a grantor’s release of trust powers is a change in tax status, not a new taxable gift.
Can I Use My 401k as Collateral for a Loan?
While you can’t pledge your 401(k) to a lender, you may have options to borrow from the account itself. Understand the key distinctions and financial impacts.
How to Make a Stock Charitable Contribution
Making a stock donation is a strategic way to give. This guide covers the financial considerations and procedural steps for an effective contribution.
Tax Havens in Europe for Individuals and Businesses
Explore the systems and regulations that shape tax-efficient strategies for individuals and corporations seeking to manage assets within Europe.
What Is Bracket Creep and How Does It Affect Your Taxes?
A pay raise that simply keeps up with inflation can still lead to a higher tax bill, quietly reducing your actual purchasing power.
Key Provisions of the US Ukraine Tax Treaty
For those with financial ties to both the US and Ukraine, this overview explains the framework that prevents double taxation and defines tax obligations.