Internal controls are the processes, policies and procedures that organizations rely on to ensure that financial reporting is accurate, operations are conducted efficiently, and assets are safeguarded.
Month: August 2019
Is S Corp Status Right for Me?
Operating a business as an S corporation may provide many advantages, including limited liability for owners and no double taxation. But not all businesses are eligible.
What to do if your Business Receives a “No-Match” Letter
Many businesses and employers have received “no-match” letters from the Social Security Administration (SSA) alerting them to a discrepancy on W-2 forms.
Landmark’s Chris Brown Selected to Attend AICPA’s 2019 Leadership Academy
Landmark CPAs is pleased to announce Christopher W. Brown, CPA has been chosen by the American Institute of CPAs (AICPA) as one of 38 CPAs for the 2019 Leadership Academy.
IRS Cracking Down on Bitcoin and Other Virtual Currency
Bitcoin and other forms of virtual currency are gaining popularity. But many businesses, consumers, employees and investors are still confused about how they work and how to report transactions on their federal tax returns.
How to Qualify for Home Office Deductions
Working from home has its perks. Not only can you skip the commute, but you also might be eligible for home office deductions on your tax return. Home office deductions for these expenses can save you a bundle, if you meet the tax law qualifications.