The Ohio Commercial Activity Tax (CAT) will undergo major changes beginning January 1, 2024. For tax periods beginning on and after January 1, 2024, the CAT annual minimum tax is eliminated.
Read MoreEach year is an opportunity to review your expected tax bracket and tax planning opportunities to consider before year end. While each person’s set of facts varies, below are a few common tax planning considerations.
Read MoreIn an era where technology is no longer optional, the gaming and casino sector has eagerly embraced the digital revolution.
Read MoreIn 2022, the FBI’s Internet Crime Complaint Center (IC3) received nearly 22,000 reports of business email compromise with losses reported at more than two billion dollars. This attack, in which a bad actor gains access to the email environment and then uses social engineering to steal money or data, is proving to be a difficult one for businesses to combat.
Read MoreOpen Source Intelligence or OSINT, is about finding online information. It is the collection and correlation of openly available data on the internet through the use of tools and search techniques. Many of these tools are a quick and free search that are readily available for anyone to use on the internet.
Read MoreOctober is Cyber Security Awareness Month and provides a great opportunity to review our cyber security posture and make appropriate updates.
Read MoreThe Department of Education (ED) recently released its annual report on the Top 10 audit findings and Top 10 program review findings for FY22. These findings remain largely unchanged from FY21 to FY22.
Read moreThe Payment Card Industry (PCI) Security Standards Council (SSC) introduced an updated compliance framework to support the payment card industry going into effect on March 31, 2024.
Read MorePayment Card Industry Data Security Standard version 4.0 Changes and the Impact to Self-Assessments
Learn moreThe FAFSA Simplification Act (the Act) introduces the most significant changes to the FAFSA and student financial aid processing in over 40 years. A number of the provisions of the FAFSA Simplification Act have already been implemented, but the majority of the provisions of the FAFSA Simplification Act will impact the 2024-25 award year.
Read MoreThis new reporting requirement for an estimated 32 million businesses begins in 2024, but understanding the rules should start now.
Learn moreWe mentioned in our previous E-Focus, that eventually auditors will be directed to assess the implementation of the GLBA and FTC Safeguard Rule requirements. The 2023 Compliance Supplement, 2 CFR Part 200 Appendix XI (May 2023), Part 5 Cluster of Program, provides auditors with suggested audit procedures.
Read MoreThe Department of Education recently released Electronic Announcement GENERAL-23-35, referencing the joint FBI/CISA advisory on active exploits of vulnerable PaperCut NG and MF software versions.
Read moreThe Payment Card Industry (PCI) Security Standards Council (SSC) introduced an updated compliance framework to support the payment card industry with the rollout of PCI DSS version 4.0 on March 31, 2022.
Read moreThe FASB has issued ASU 2023-01 (Topic 842): Common Control Arrangements. This ASU is an outcome of concerns expressed by private company stakeholders about the application of ASC 842 for common control arrangements identified during the FASB’s post-implementation review process.
Read moreIs your Customer Relationship Management (CRM) strategy and support tool helping you stay connected with your customers?
Read moreSeveral states provided individuals with special payments in 2022, leaving uncertainty as to how they would be treated for federal tax purposes. In response, the IRS initially advised taxpayers in those states to wait for clarification before filing returns as they worked to better understand these programs.
Read moreEffective January 1, 2022, the Affordable Housing Special Assessment Program in Cook County, Illinois offers up to a 35% annual assessment reduction for affordable housing projects that qualify.
Read MoreFinal instructions for 2022 Schedules K-2 and K-3 were recently released, providing a new domestic filing exception for those who qualify. These additional schedules first appeared in 2021 and are used to report items of international tax relevance from passthrough entity operations.
Read morePassword managers are great tools for using unique passwords for each web site, securing confidential information, and securely sharing information.
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