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Choosing the Right Accounting Software

SMBAccountant

The beginning of a new year also means a fresh start for your Income Statement; which is why now is the perfect time to review your accounting software needs. Accounting may be complicated and time-consuming, especially with spreadsheets. That's why most firms use invoicing and accounting software.

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Sikich to Acquire CliftonLarsonAllen’s Federal Government Practice

CPA Practice

Top 30 accounting firm Sikich said on Thursday it has agreed to acquire the federal government practice of top 10 accounting firm CliftonLarsonAllen (CLA), a move that will expand the Naperville, IL-based firm’s presence in the Washington, D.C. Department of Transportation, the Defense Commissary Agency, and the U.S.

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Finding Your Financial Compass: Why Small Businesses in Los Angeles Thrive with Specialized Tax and Accounting Support

MyIRSRelief

But for these go-getters, navigating the complexities of running a business, especially the ever-challenging world of taxes and accounting, can feel overwhelming. This is where specialized tax and accounting firms step in, becoming a crucial partner for small businesses with under 100 employees.

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Are There Any Substantiation Requirements for Transit Passes Distributed by a Qualified Transportation Plan?

ThomsonReuters

QUESTION: Our company’s qualified transportation plan allows employees to purchase transit passes with pre-tax compensation. ANSWER: The Code provision authorizing qualified transportation plans indicates that the tax benefits under a qualified transportation plan are for “employees.” Contributing Editors: EBIA Staff.

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IRS Addresses Options for Qualified Transportation Benefits Unused Due to COVID-19

ThomsonReuters

The IRS has released an information letter responding to an inquiry from a qualified transportation plan participant with unused transit benefits. Unlike the rules governing health FSAs, the qualified transportation plan rules place few restrictions on compensation reduction election changes. Contributing Editors: EBIA Staff.

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Essential ESG Reporting and Compliance Insights for Government Contractors

Withum

A proposed environmental, social, and corporate governance (ESG) ruling will impose new reporting requirements for government contractors. The new rule, to be incorporated into FAR subpart 23, intends to protect the government supply chain from climate-related financial risk. Operational control is the most common approach.

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IRS Addresses Options for Qualified Transportation Benefits Unused Due to COVID-19

ThomsonReuters

The IRS has released an information letter responding to an inquiry from a qualified transportation plan participant with unused transit benefits. Unlike the rules governing health FSAs, the qualified transportation plan rules place few restrictions on compensation reduction election changes. Contributing Editors: EBIA Staff.