2022 Part B Fee Schedules & Industry Updates
With the New Year upon us, HW&Co. would like to wish you a happy, healthy and prosperous New Year. The New Year always brings many changes to the Long-Term Care […]
Category: Articles
Numerous Tax Limits Affecting Businesses Have Increased for 2022
Many tax limits that affect businesses are annually indexed for inflation, and a number of them have increased for 2022. Here’s a rundown of those that may be important to […]
Rough Tax Filing Season Ahead
The US tax filing season will begin on January 24th, and multiple issues will likely complicate and slow down tax-return preparation. The AICPA has been calling upon the Internal Revenue […]
Handle Your Nonprofit’s Restricted Gifts with Care
Most not-for-profits encourage donors to make unrestricted contributions that will give the organization flexibility to use the money where it’s needed most. But there will always be some donors who […]
When Subsequent Events Count
The value of a business interest is valid as of a specific date. The effective date is a critical cutoff point because events that occur after that date generally are […]
Businesses With Employees Who Receive Tips May Be Eligible for a FICA Tax Credit
If you’re an employer with a business where tipping is customary for providing food and beverages, you may qualify for a federal tax credit involving the Social Security and Medicare […]
Save Your IRS Information Letters: Advance Child Tax Credit and Third Economic Impact Payments
The IRS is issuing information letters to recipients of the Advance Child Tax Credit (CTC) and the third round of the Economic Impact Payments (EIP). Our accountants are encouraging recipients […]
How Manufacturers Can Avoid Sales and Use Tax Problems
The pandemic and global supply chain disruption have placed an unprecedented burden on manufacturers — and the need for automating manual processes is more pronounced than ever. One way manufacturing companies […]
Commission Fraud: When Salespeople Get More Than They’ve Earned
Many employees — from retail workers to sales staffers involved in complex business-to-business transactions — receive part of their compensation from sales-related commissions. To attract and retain top talent, some […]
Defer Tax With a Like-Kind Exchange
Do you want to sell 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” […]
Are Your Social Media Accounts Working for You — Or Against You?
Social media is an essential tool for not-for-profit outreach, engagement and fundraising. But social media also poses a reputational threat if your organization doesn’t clearly communicate rules for its use […]
Will the Standard Business Mileage Rate Go Up in 2022? Yes!
After two years of no increases, the optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up in 2022 by […]
