IRS Electronic Filing Rule Change: What Businesses Need to Know
Does your business file 10 or more information returns with the IRS? If so, you must now file them electronically. This is a significant rule change that went into effect on January 1, 2024, for 2023 tax year information returns. The threshold for electronically...Four Tax Planning Strategies to Maximize the Value of Selling Your Business
January 5, 2024 | Blog | Jonathan Levens, CPA
Selling a business is a significant event for any entrepreneur or business owner. For many business owners, the company reflects their life’s work and represents their most significant financial asset. While many factors contribute to the success of a sales...Moore Colson Announces the Hiring of One Director and Two Senior Managers
Atlanta, Georgia Moore Colson, an award-winning accounting, consulting and advisory firm in Atlanta, recently hired Christina Joyner as a tax director, Heather Jackson as a business assurance senior manager and Blake Masters as a tax senior manager. Joyner joins Moore...What Your Business Needs to Know About the Corporate Transparency Reporting Rules
Beginning January 1, 2024, most businesses will be required to report new information on the individuals who directly or indirectly control the company, including its owners, officers and controlling persons. The Corporate Transparency Act, enacted by Congress in...Which is More Important: The Balance Sheet or the Income Statement?
December 18, 2023 | Blog | Chris Fields, McCarthy Robinson
Which financial statement is more important, the balance sheet or income statement? Many would submit the balance sheet is most important because it offers a more comprehensive view of a company’s financial health. Others would say the income statement because it...