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Rental Real Estate Now Eligible for QBI Deduction Under IRS Safe Harbor

Rental Real Estate Now Eligible for QBI Deduction Under IRS Safe Harbor

This safe harbor is available for taxpayers who seek to claim the section 199A deduction with respect to a “rental real estate enterprise.”

How to Gather, Track Contracts Ahead of New Lease Accounting Standard

How to Gather, Track Contracts Ahead of New Lease Accounting Standard

The first step will be to gather your contracts, which probably will be the most time-consuming step, as it most likely will involve different departments and locations.

Consider the Cloud to Prepare Better Audit-Ready Financials

Consider the Cloud to Prepare Better Audit-Ready Financials

To generate audit-ready financials, you need well-documented transactions and balances that are calculated accurately and can be produced in a timely manner.

Peer Review: Is Your Audit Documentation Up to Standard?

Peer Review: Is Your Audit Documentation Up to Standard?

What do peer reviewers look for regarding audit documentation to ensure audit quality? While not an exhaustive checklist, here are some of the more important pieces to document.

Hurricane Season is Here! Is Your Business Prepared?

Hurricane Season is Here! Is Your Business Prepared?

Providing a little bit of effort early in the season can save you a lot of time and effort after disaster strikes.

Ericksen Krentel Expands Accounting, Audit, Tax Teams

Ericksen Krentel Expands Accounting, Audit, Tax Teams

Ericksen Krentel has expanded its Accounting and Audit, Tax and Client Accounting Services teams with the addition of five new professionals.