PWB

PWB CPAs and Advisors

763-550-1100

Make Payment >
Client Portal >

  • Home
  • Our Team
  • Services
    • Audit and Assurance Services
    • Accounting Solutions
    • Advisory Services
      • Business Valuations
      • Dispute Advisory Services
      • Forensic Accounting
      • Insurance Recovery
    • Tax Services
    • Specialty Tax Services
    • Consulting
    • Recruiting Solutions
  • Industries
    • Audiology/Hearing Aid
    • Construction and Building
    • Professional Services
    • Healthcare/Medical
    • Manufacturing
    • Real Estate
    • Restaurant and Hospitality
    • Golf Course Accounting
    • Software and Technology
  • Resources
    • Client Portal
    • Calculators
    • PWB Blog
    • PWB Tax Guide
  • Careers
  • Contact

Why It’s Risky to Rely on Unofficial IRS Guidance

September 8, 2017 By PWB

In a recent blog, National Taxpayer Advocate Nina Olson explained why taxpayers can’t rely on answers to Frequently Asked Questions (FAQs) and Answers and other forms of “unofficial” guidance that are posted on the IRS website. While tax professionals already knew this, many taxpayers may find it to be a disturbing revelation. [Read more…]

Filed Under: Business Advisory Consulting, Business Tax, Fraud Prevention, Personal Financial Planning, Specialty Tax Services, Tax Law, Tax Planning and Preparation, Tips & Tricks

Inadequate Records Lead to Unfavorable Results for Taxpayers

September 6, 2017 By PWB

Federal tax law allows deductions for many items, such as legitimate business expenses and charitable donations. But, if you claim deductions on your tax return, you also must maintain adequate records to support them. If your tax return is audited, missing or incomplete records could lead to additional taxes, interest and penalties, as these three recent U.S. Tax Court cases demonstrate. [Read more…]

Filed Under: Business Advisory Consulting, Business Tax, Specialty Tax Services, Tax Law, Tax Planning and Preparation, Tips & Tricks

Casualty and Theft Losses: Find the Silver Lining in Dark Clouds

August 14, 2017 By PWB

We’re in the midst of hurricane season now, but the eastern and southern shores aren’t the only parts of the country at risk for catastrophic events. Mudslides, earthquakes and wildfires often plague the West Coast, tornadoes may touch down across the Great Plains and Midwest, and low-lying areas near rivers and tributaries across the country are prone to flooding. [Read more…]

Filed Under: Personal Financial Planning, Specialty Tax Services, Tax Law, Tax Planning and Preparation, Tips & Tricks

What Can Employers Do with Forfeited Employee FSA Balances?

July 28, 2017 By PWB

When unused flexible spending account (FSA) balances are forfeited back to employers under the “use-it-or-lose-it” rule, employers have several options for what they can do with the money. Here is what employers need to know after first covering some necessary background information.

[Read more…]

Filed Under: Specialty Tax Services, Tax Law, Tax Planning and Preparation, Tips & Tricks

Make the Most of Margin Accounts

July 21, 2017 By PWB

When you buy shares of stock for your portfolio, you probably pay the broker in full. But you can also purchase investments on margin, or by borrowing the stock from the brokerage firm. The interest rates charged by brokerage firms are typically lower than what you can get by borrowing elsewhere. [Read more…]

Filed Under: Personal Financial Planning, Specialty Tax Services, Tax Law, Tax Planning and Preparation, Tips & Tricks

  • 1
  • 2
  • 3
  • 4
  • Next Page »

E-Newsletter Sign Up

First Name:
Last Name:
Email Address (required):

Looking for Something?

Blog Categories

Archives

Plymouth Office

3140 Harbor Lane N, Suite 100
Plymouth, MN 55447
View Map >

Bloomington Office

International Plaza
7900 International Drive, Suite 160
Bloomington, MN 55425
View Map >

Recent Blog Posts

  • Plan For 2020 To Be Your Best Year Yet! December 10, 2019
  • The Truth About Equity Compensation: Employee Stock Option Plans November 20, 2019
  • Financial Statement Preparation, Compilation, Review, or Audit: Which Is Right for You? October 28, 2019
  • New Revenue Recognition Standards Could Put Private Club Initiation Fees in a Hazard October 3, 2019

Looking for Something?

  • Facebook
  • Phone
  • RSS
  • Twitter
Financial Performance Analytics For Small Company

Copyright © 2019 PWB CPAs · Financial Services Marketing by Professional Services Marketing · Log in