Opinions expressed by Entrepreneur contributors are their own. While there are other benefits, one of the most important reasons you’re in business is to make money. And it stands to reason that if you’re in business, you’d like to keep as much of what you generate as possible. That could
The Internal Revenue Service’s Exempt Organizations unit needs to change its procedures and training when deciding whether to deny tax-exempt status to charities, according to a new report. The report, released Thursday by the Treasury Inspector General for Tax Administration, came in response to a request from a group of
As machines take on more roles in the economy that used to belong to humans, concerns about their effect on social inequality has begun to rise. However, a small tax on their value may serve to address some of the most disruptive impacts on human workers. This is according to
After spiking dramatically at the start of the pandemic, the percentage of paid days worked from home appears to be stabilizing at around one-third. The organization WFH Research came to this conclusion after examining its latest monthly online survey, taken since May 2020 with over 100,000 observations to date. Around
Details: WithumSmith+Brown PC, a Top 25 Firm based in Princeton, New Jersey, has expanded in Florida by merging in Martinez & Associates, a firm in Winter Springs, Florida that focuses on clients in the automotive and government-contracting sectors. As part of the deal, Martinez’s four team members will join Withum’s
Sikich, Chicago, elected 18 new partners, effective Jan. 1, 2023, as CPAs: Nick Bava, Kim Borak, Chris Doemland, Tim Gaber, Allan Lyon, John Mazurek, Brooks Walker, Mike Wolf and Andy Wright; in technology: Michael Bell and Clinton Weldon; in advisory: Rahul Bhatia, Ken Cranney, Kurt Estes, Shane Flynn, Henry Mossi,
The Committee of Sponsoring Organizations of the Treadway Commission selected Lucia Wind, vice president of internal audit at the technology company Unisys, as its next board chair, succeeding Paul Sobel, for a three-year term starting Jan. 1, 2023. She will be responsible for leading COSO in offering thought leadership on
The Internal Revenue Service reported this week it received more than $4.9 trillion in tax revenue in fiscal year 2022, and distributed $642 billion in federal tax refunds and other outlays, but a separate report Friday found continuing problems with taxpayer service, tax refund delays and backlogs of unprocessed returns
Cherry Bekaert has acquired growth and innovation firm Treacy & Co., expanding the North Carolina-based Top 25 Firm’s presence in the Midwest and the Northeast. T&Co. has offices in Boston and Chicago, and consults with clients in a wide range of industries on growth strategies, drawing on founder Michael Treacy’s
Opinions expressed by Entrepreneur contributors are their own. The road to business failure is paved with unrecorded business transactions and poorly organized books. Well-kept financial records will put you on the path to success and provide the foundation for business growth. Bookkeeping shouldn’t be a distraction that keeps you from
