After Tax Day: Take These Action Steps

The April tax filing deadline has passed, but that doesn’t mean you should push your taxes out of your mind until next year. Here are three tax-related actions that you should consider taking in the near term (if you filed on time and didn’t file for an extension). Retain the Requisite Records Depending on the […]

Goodwill in a Bad Economy

In today’s volatile economy, many businesses and nonprofits have been required to write down the value of acquired goodwill on their balance sheets. Others are expected to follow suit — or report additional write-offs — in 2022. To the extent that goodwill is written off, it can’t be recovered in the future, even if the […]

Miller Cooper Technology Group Offers Webinar on IT Threats

Session I: An Overview of IT Threats, Consequences, and Mitigation Strategies will be held on May 20, 2022 at 10:00 – 11:00 am CT:   Austin Germaine from BT Partners will present on overview session of current IT threats, consequences, and mitigation strategies. The presentation portion will be about 45 min, after which there will […]

Four Levels of Audit Opinions

The first page of audited financial statements is the auditor’s report. This is an important part of the financials that shouldn’t be overlooked. It contains the audit opinion, which indicates whether the financial statements are fairly presented in all material respects, compliant with Generally Accepted Accounting Principles (GAAP) and free from material misstatement. In general, […]

The IRS Again Eases Schedules K-2 and K-3 Filing Requirements for 2021

The IRS has announced additional relief for pass-through entities required to file two new tax forms — Schedules K-2 and K-3 — for the 2021 tax year. Certain domestic partnerships and S corporations won’t be required to file the schedules, which are intended to make it easier for partners and shareholders to find information related to “items […]

Expect IRS Delays This Season

U.S. Treasury officials are warning of longer processing times of tax returns and responses to taxpayer inquiries for the upcoming tax season (January 24 – April 18). The Treasury Department’s concern is based on the enormous backlog of 2020 returns that need special processing due to errors stemming from the various COVID relief legislations, as […]

Miller Cooper Joins the HLB Global Network

Miller Cooper has joined the HLB global network of independent advisory and accounting firms. HLB numbers more than 32,000 partners and staff across the globe, bringing together professionals to share technical expertise, operational best practices and business development insights to help clients reach their organizational goals both in domestic markets and overseas. Miller Cooper’s membership […]