Does your employer provide you with group term life insurance? If so, and if the coverage is higher than $50,000, this employee benefit may create undesirable income tax consequences for […]
Month: August 2020
File Cash Transaction Reports For Your Business — On Paper Or Electronically
Does your business receive large amounts of cash or cash equivalents? You may be required to submit forms to the IRS to report these transactions. Filing requirements Each person engaged […]
Reporting CAMs in the COVID-19 Era
Starting in 2019, auditors’ reports for certain public companies must contain a new element: critical audit matters (CAMs). The requirement was in effect for audits of large accelerated filers (with […]
Wheeler Wolfenden And Dwares, CPAS Welcomes New Staff Accountants
Pike Creek, DE (August 21, 2020) – Wheeler Wolfenden and Dwares, CPAs is pleased to welcome three new staff members to our growing full-service accounting firm. Sophie Gan, CPA has […]
Avoid “Bad Blood” Among Family Members: Protect Your Will From Legal Challenges
You’ve probably seen it in the movies or on TV: A close-knit family gathers to find out what’s contained in the will of a wealthy patriarch or matriarch. When the […]