The IRS recently published their annual “Dirty Dozen”, a list of common scams that taxpayers may encounter. Number one on this list is the Employee…
By Scott Lewis, CPA, MSAInventory Price Index Computation (IPIC) on LIFO for Automobile DealershipsIf an automobile dealership has elected New Vehicle LIFO (Last-in, First-Out), chances…
By Zach WimbergerOn November 19, 2021, the House of Representatives passed the Build Back Better Act (“BBBA”) for advancement to the Senate. Included in the…
By Scott Lewis, CPA, MSA New York (NY) has recently enacted a Passthrough Entity Tax (PTET) for tax years beginning after January 1, 2021. The…