S-Corporation Shareholders May Need to File Form 7203 with 2021 Taxes
For the first year, some S-corporation shareholders will be required to include Form 7203 with their individual or trust tax returns. With shareholder basis continuing to be a major IRS audit focus, shareholders need to make sure they are consistently tracking their basis on Form 7203 with all the required annual adjustments.
Filing Your 2021 Tax Return: A Guide
Buckle up. Filing your 2021 taxes might be a bumpy ride. That’s why we’ve compiled information and tips to help you navigate the journey and maintain your sanity through it all this year.
Strategies for Government Contractors to Retain Employees in a Post-Covid Environment
Retaining talent in a post-Covid environment can be challenging, but it is important to keep your employees engaged and productive. Here are five tips on how you can successfully retain your talented people when economic uncertainty looms overhead.
Changing Guidance for Federal Contractors Over Vaccine Mandates
An executive order could require federal construction contractors to implement a vaccine mandate on all federal jobs; however, recent court challenges make following the standard tricky, especially from one contract to another.
Government Contracting Basics: Pros and Cons of Doing Business with the Government
If you're thinking about pursuing government contracts, it's important that you weigh the pros and cons carefully to make an informed decision.
Signs an Organization May Be Headed for a Potential Single Audit
Many organizations may not be aware they’re subject to a single audit. It can help to look at similar scenarios to determine compliance requirements when accepting funds greater than $750,000.
