Can I Create an IRS Account for My Business?
Learn how to create an IRS account for your business, from eligibility and identity checks to activating access, managing users, and keeping it current.
IRS Needs Additional 60 Days: Reasons, Verification, and Outcomes
Learn how to handle a notice that the IRS needs additional 60 days to review your return, from why it was pulled through what to do and the outcomes that follow.
What Does CIA Mean in Accounting: Duties, Exam, and Costs
Learn what CIA means in accounting, from the internal auditor's role and how it compares with a CPA to earning the credential and keeping it active.
EIN for Sole Proprietorship: When You Need One and How to Apply
Learn how an EIN for a sole proprietorship works, from when it's required and why many owners get one anyway to applying, using it, and replacing it later.
Are Gift Cards a Deductible Business Expense? Employees, Clients, Prizes
Learn how gift cards work as a deductible business expense, from employee and client gifts to prizes, contractor payments, and charitable donations.
S Corp Start-Up Costs: $5,000 Deduction and 180-Month Amortization
Learn how the S corp start-up costs deduction works, from qualifying expenses and business start dates to amortization and shareholder pass-through.
What Is a Liquidity Statement? Key Ratios and Warning Signs
Learn how a liquidity statement gauges short-term financial health, from key ratios and honest reading to business uses and signs of real trouble.
What Is Straight Line Rent and How to Calculate It?
Learn how straight line rent works for operating leases, from calculating and recording the expense to the exceptions, tax differences, and lease changes.
IAS 2 Inventories: Cost, NRV, and US GAAP Differences
Learn how IAS 2 inventories works under IFRS, from what belongs in cost and how it's assigned to units through write-downs and where US GAAP diverges.
TEFRA Partnership Rules, Audits, and Why They Still Matter
Learn how the TEFRA partnership audit regime worked, from which entities it covered through how examinations proceeded to why it still matters today.