Articles Archives - Page 12 of 88 - HW&Co. CPAs and Advisors

DOL Announces Final Rule on Classifying Independent Contractors

By: Sue Bennett

On January 9, 2024, The U.S. Department of Labor (DOL) released its final rule on worker classification under the Fair Labor Standards Act (FLSA). The 2024 rule, which takes effect on March […]

Got Independent Contractors? Get to Know Form W-9

By: Kim Zagar CPA

If your company is perpetually shorthanded, you may have decided to engage independent contractors or freelancers to pick up some of the slack. Just make sure you’re collecting the right […]

Manufacturers: Pay Attention to These 6 Tax-Related Items in 2024

By: Cheryl Lanese

What are the tax implications for manufacturers as 2024 begins? While some sections of the Tax Cuts and Jobs Act (TCJA) begin to expire, other tax laws, such as the […]

How Forensic Accountants Use a Lifestyle Analysis to Find Hidden Assets

By: Tony LaNasa

Divorcing spouses or feuding former business partners may fraudulently conceal assets in order to prevent their equitable split. And fraudsters nearly always strive to conceal their illegal gains. In many […]

Defer a Current Tax Bill With a Like-Kind Exchange

By: David M. Reape

If you’re interested in selling commercial or investment real estate that has appreciated significantly, one way to defer a tax bill on the gain is with a Section 1031 “like-kind” […]

When Are Sponsorship and Advertising Payments Subject to Tax?

By: Helen Weeber

Sponsorship and advertising dollars can significantly increase the income of your nonprofit. However, if sponsors or advertisers are provided a “substantial benefit”, or if providing perks is not a related business activity, you […]

The Standard Business Mileage Rate Will Be Going Up Slightly in 2024

By: David M. Reape

In 2024, the optional standard mileage rate used to determine the deductible cost of operating a business automobile will increase by 1.5 cents per mile. According to the IRS, the […]

Employing the Personal Touch for Last-Minute Fundraising

By: Helen Weeber

As 2024 quickly approaches, your nonprofit is most likely immersed in last-minute fundraising. After all, studies have shown approximately 25 % of all giving occurs in December and taxpayers who […]

Reining in Waste Can Positively Affect Manufacturers’ Profitability

By: Daniel Kaminski

The most profitable manufacturers make as many products with as few resources as possible. So strategic cost savings is important. One way for manufacturers to save is to rein in […]

Fraud Prevention Strategies for Entrepreneurs and Small Businesses

By: Tony LaNasa

Fraud occurs in organizations of all sizes. However, small businesses, particularly new ones, face unique risks because they often can’t afford to invest in pricey fraud-prevention tools. Fortunately, there are simple yet […]

2024 Q1 Tax Calendar: Key Deadlines for Businesses and Other Employers

By: David M. Reape

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2024. Keep in mind that this list isn’t all-inclusive, so there may […]

Standard Mileage Rates for 2024

The Internal Revenue Service has issued the 2024 optional standard mileage rates. These rates are used to determine the deductible expenses associated with driving a car for work, charity, relocation, […]

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