by CFOE Team | Jun 5, 2024 | Financial Reporting and Compliance, Real Business Example
SUMMARY Microsoft’s commitment to regulatory compliance, particularly in data privacy, cloud services, and cybersecurity, has significantly contributed to its growth. By obtaining comprehensive certifications and adhering to global standards like GDPR, Microsoft...
by D. Maykl Muhammad | Jun 5, 2024 | Financial Reporting and Compliance
SUMMARY Navigating regulatory compliance in a dynamic business environment is challenging due to constantly evolving regulations, complexity, and resource constraints. Effective strategies include establishing a robust compliance management system, continuous...
by D. Maykl Muhammad | May 29, 2024 | Financial Reporting and Compliance
SUMMARY The IRS distinguishes between hobbies and businesses based on profit motive and specific criteria, impacting tax obligations. Key factors include how the activity is conducted, the expertise involved, the time and effort invested, income history, occasional...
by D. Maykl Muhammad | May 29, 2024 | Corporate Structures and Taxes
SUMMARY An LLC is a flexible business structure offering limited liability protection and can choose its tax treatment. An S-Corp is a tax classification that provides pass-through taxation but has stricter ownership rules. A C-Corp is a traditional corporation that...
