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Nearly Half of Financial Expert Witness Testimonies Are Thrown Out
PwC (formerly known as PricewaterhouseCoopers) recently released findings of a 20-year study on Daubert challenges affecting financial expert witness testimonies. About 45% of financial expert...
Texas Storms Bring Federal Disaster Tax Relief
Texas has received a disaster declaration issued by the Federal Emergency Management Agency in the wake of the catastrophic winter storms that struck the state in mid-February. The declaration...
PPP Expenses and Other Last-Minute Tax Changes
The curtain may have closed on 2020, but the 2020 tax season is still in full swing Chances are your tax obligations will be different this time around, thanks to the pandemic. From PPP and...
Tax Season Checklist Changes
If you were a generous giver in 2020, the federal government wants to reward you. Individual taxpayers who use the standard deduction can claim an "above-the-line" deduction of up to $300 for...
Tax & Accounting Tips for Federal Government Contractors
If you’re a small business owner interested in government contracting, it’s essential to understand the unique accounting and tax considerations that can come with those types of arrangements....
Can I Get More PPP Money?
Are you ready for more Paycheck Protection Program (PPP) money? The Small Business Administration (SBA), in consultation with the U.S. Treasury Department, has opened up what it’s calling...
How Does Innocent Spouse Relief Work?
Can you be held responsible for taxes a spouse or recently made ex-spouse failed to declare on your joint tax return? Yes and no. It’s called innocent spouse relief, but there are several hoops...
Niche Accounting
After 43 years, Steven Bankler CPA Ltd. has become an overnight success! Click To View
Why the IRS Audits Small Contractors
Small building contractors are no strangers to IRS audits. It’s a fact of life for some, given how complicated accounting methods and project billing can be. Certain activities and factors, however, are sure-fire audit triggers, including the following:
Large Gift & Estate Tax Changes In 2021?
The Tax Cuts and Jobs Act (TCJA) temporarily increased the basic exclusion amount of large estate gifts and reduced federal estate tax rates. The moves were made to help high net worth...