Articles | Stephano Slack LLC

Urgent Compliance Alert: 32 Million U.S. Entities Must File a BOI Report To Avoid Significant Penalties

Aug 19, 2024 | Articles

The Corporate Transparency Act (CTA) of 2021 was enacted to increase entity structure and ownership transparency to combat illegal activities such as money laundering and tax fraud. Effective January 1, 2024, the law requires entities to report beneficial ownership...

Auditing in a Remote Environment: Industry Practices & Development

Mar 16, 2021 | Articles, Blog Posts, Resources

The Covid-19 pandemic has brought many challenges. Along with those challenges are newly imposed restrictions that have impacted the auditing profession. From reduced in-person interactions and client-site visits, the landscape has shifted dramatically – in how...

Deferral of Payroll Taxes

Apr 20, 2020 | Articles

The IRS has clarified ability to defer paying the employer share of payroll taxes. It was previously understood that you could not defer payroll taxes if you participated in the Payroll Protection Program (PPP). However, you are now able to participate and defer...

FASB Considers Accounting Relief During COVID-19 Pandemic

Apr 10, 2020 | Articles

The Financial Accounting Standards Board (FASB) held a public meeting on April 8, 2020 to approve measures intended to provide stakeholders with accounting relief and clarity during the COVID-19 crisis. In the coming days, the FASB will issue a proposal to provide...