by Lydia Jones Cost basis is a key concept in taxation that ultimately results in determining the amount of an asset's...
Understanding Cost Basis
read more
Ride-Sharing Revenue Reporting
by Stephen Bevins “Ohhhh Yeeeeeah! My ride is here.” Customers of a ride-sharing service understand this excitement. They...
Tennessee Works Act
by John Steadman In April, the Tennessee General Assembly passed the Tennessee Works Tax Act. The Tennessee Works Tax Act...
2023 Energy Tax Credit
by Sam Alford Signed into law on August 16th, 2022, the Inflation Reduction Act (IRA) expanded the tax credit for energy...
Data Collection Form
by McKenzie Potter The data collection form is submitted for all entities that complete a single audit and is essentially a...
Nonprofit Exemption Certificate & Sales Tax Exemption
by Stephen Bevins “Do not forget to take our nonprofit exemption certificate to the store with you!” Anyone who has gone...
What is a Single Audit, and Why Does My Company Need One?
by Sarah Black Picture this: the company you work for requires a financial statement audit this year. Maybe you get one...
An Overview of Itemized Deductions
by Brandy Bradley When individual taxpayers file their federal income tax return (Form 1040), they can use either the...
Going Concern
by Gabriella Krtausch You might have been asked by your auditor “Does your entity have substantial doubt to continue as a...
New Standard for Subscription-Based IT Agreements
By Kevin Peters [divider height="30" style="default" line="default" themecolor="1"] SBITA is another fun acronym to become...
SECURE 2.0 Act Introduces More Changes to RMDs, Retirement Savings
By Garrett Ewers [divider height="30" style="default" line="default" themecolor="1"] On December 29, 2022, President Biden...
Tangible Personal Property Schedule
By Stephen Bevins [divider height="30" style="default" line="default" themecolor="1"] It is February – a month to celebrate...