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Local firm management news from around the web: April 18 – 22, 2022

Written on Apr 18, 2022

In case you missed them, here are some recent interesting local firm management news items from around the web. 

Single audit relief provided to certain governments with Treasury COVID-19 funding 
Relief from single audit requirements has been granted for some small governments that are not accustomed to such audits but would have needed them because of unprecedented government funding in the wake of the COVID-19 pandemic. 

Independent Economy Council reports many 1099 workers troubled by tax obligations 
The results of a survey by the Independent Economy Council shows tax compliance is more challenging for individuals who earn the majority of their income from independent work than for W-2 employees.  

More Schedule K-2 and K-3 FAQs posted 
The IRS has added eight new questions and answers to its website's frequently asked questions on Schedules K-2 and K-3, clarifying that affected partnerships and S corporations need complete only the forms' relevant portions and addressing an array of special circumstances. 

A tax checklist all small business clients need 
Tax season is tough enough without having to sort through a mess of paperwork a client tosses on your desk. Fortunately, this is one problem that has a solution: Give small business owners a checklist to follow so they're clear about what you need to do your job.  

Tech Corner – 5 reasons to buy a desktop PC instead of a laptop  
Before you buy a new laptop, take a moment to consider the benefits of a dedicated desktop computer.