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Private equity can be a powerful tool in succession planning. Understanding the nuances of private equity will help position businesses and their CPAs for a successful transition, ensuring their legacy continues to thrive in the new business era.

As of Jan. 31, 2024, businesses are no longer able to file new ERC claims, and the ERC Voluntary Disclosure Program (VDP) ends on March 22. But have you or your clients heeded all the warnings and lifelines that the IRS has already provided?

FASB update (ASU) No. 2023-09 (Topic 740) aligns with the broader industry trend of increasing transparency in financial reporting to better serve the needs of investors and stakeholders alike. CPAs need to be aware of the new requirements.

Recent guidance from the New Jersey Division of Taxation (TB-108) may have far-reaching implications. CPAs should be aware of how those changes will impact nexus.

Despite the best intentions of insurance agents and insurance companies in classifying and applying the rules and regulations regarding workers comp, it’s not uncommon for errors to occur. That's why CPAs need to know where they can help.