1.22.19
Slam the Door on Home Energy Scams
Deregulation of the energy industry was intended to give consumers a choice of electricity and natural gas providers — and an opportunity to save money.…
1.22.19
Many Tax-Related Limits Affecting Businesses Increase for 2019
A variety of tax-related limits affecting businesses are annually indexed for inflation, and many have gone up for 2019. Here’s a look at some that…
1.22.19
IRS Waives 2018 Underpayment Tax Penalties for Many Taxpayers
The IRS has some good news for certain taxpayers — it’s waiving underpayment penalties for those whose 2018 federal income tax withholding and estimated tax…
1.22.19
Loaning Money Between a Business and Its Shareholders
It’s common for owners of privately held manufacturing and distribution firms to loan money to and borrow money from their companies. The IRS looks closely…
1.18.19
Fraud Prevention in 2019
Certified Fraud Examiners (CFEs) know just how devastating a fraud can be to victims. We have seen several cases each year, here in our own…
1.16.19
Stop Receivables Fraud Before It Starts
From invoices and payments to discounts and write-offs, many business transactions are recorded to accounts receivable. This makes receivables a popular fraud target. But your…
1.16.19
Higher Mileage Rate May Mean Larger Tax Deductions for Business Miles in 2019
This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business increased by 3.5 cents, to the…
1.16.19
How Experts Use Tax Returns to Find Hidden Assets
Business owners engaged in fraudulent activities often try to manipulate their companies’ financial statements. Fortunately for fraud experts, business owners’ tax returns aren’t as easy…
1.16.19
Leverage Fringe Benefits to Reduce Costs
Construction is a highly competitive industry in the private sector. But when it comes to public projects, winning a job can be even more cutthroat.…
1.16.19
Lock Down Financial Assets with the Right Controls
You’ve got a fence around the jobsite. Your heavy equipment is turned off and the keys stored securely. Your materials are tied down and, where…