Tax & Assurance Guidance

Meals and Entertainment Rules for 2022 Versus 2023

Understanding meals and entertainment expense deductions can be confusing. See the chart below for a summary of the meals and entertainment rules for 2022 versus 2023.

by Clayton & McKervey

FRF for SMEs: What You Need to Know

The Financial Reporting Framework for Small and Medium Sized Entities is an alternative accounting framework to the Generally Accepted Accounting Principles. FRF for SMEs is based on the principles of US GAAP, but it provides a simpler solution for privately held businesses that are happy with their financial statements just the way they are.

by Ryan Lavoie

2023 Tax Outlook: Breaking Down Legislative Impacts

Tax changes that take effect in 2023 could impact your business, especially when it comes to capital, R&D, and interest expense deductions. The influences behind these reforms are complex, but the two big drivers are provisions of the 2017 Tax Cuts and Jobs Act and the 2022 Inflation Reduction Act. Here are some quick highlights to watch out for going into tax season.

by Tarah Ablett

Are You Meeting Remote Work Tax Obligations?

Thousands of companies were forced to adopt mobile work practices during the pandemic. Even if it was on their radar previously, managing their taxes and making sure they are doing all the right things—in all the right states—is likely much more complex than they anticipated.

by Miroslav Georgiev

ESG Reporting Considerations for Private Companies

While larger public companies have traditionally been the target of ESG regulations, private businesses should also pay attention to the latest ESG guidelines as new SEC regulations emerge.

by Teresa Gordon

Do You Have to Adopt the FASB Revenue and Lease Standards?

Do you provide monthly or quarterly financial statements to your bank or other stakeholders? Learn if US GAAP or FRF for SMEs is the better reporting framework for your business.

by Dave Van Damme

The Sound of Automation Podcast

Industrial automation businesses are the driving force behind Industry 4.0, and Clayton & McKervey is here to help.

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