(Tax Year 2024 – To Be Filed in 2025) Overview Every year, employers are legally required to issue Form W-2 (Wage and Tax Statement) to their employees. This form...
Introduction The IRS 1099-K reporting rule has changed in 2025, affecting small businesses, freelancers, and gig workers who receive payments through third-party platforms like PayPal, Venmo, Square, eBay, and...
Introduction Self-employed individuals face unique tax obligations, including self-employment tax, estimated quarterly payments, and business deductions. The new tax laws for 2025 bring several changes that impact freelancers, gig...
Introduction The IRS has introduced stricter reporting requirements for side hustle income in 2025, affecting freelancers, gig workers, and independent contractors. With the expansion of third-party payment reporting and...
Introduction Each year, the IRS updates tax policies to reflect economic conditions, legislative changes, and enforcement priorities. The 2025 tax year brings several key updates that affect individuals, businesses,...
Introduction A compliance audit ensures that a business follows legal, financial, and industry regulations. It verifies whether a company meets IRS tax laws, employment rules, financial reporting standards, and...
Introduction Technology is transforming auditing processes, fraud detection, and financial compliance. Businesses now rely on AI, blockchain, automation, and data analytics to improve audit accuracy, reduce errors, and detect...
Introduction Auditors play a crucial role in ensuring financial accuracy, detecting fraud, and verifying tax compliance. Whether conducting internal, external, or forensic audits, auditors help businesses maintain financial integrity...
Introduction A forensic audit is a detailed examination of financial records to detect fraud, embezzlement, regulatory violations, or financial misconduct. Businesses, government agencies, and courts use forensic audits to...
Introduction An audit is a systematic examination of a company’s financial records and processes to ensure accuracy, compliance, and reliability. Businesses undergo audits to verify financial statements, detect fraud,...