6.22.20
Is There a Fraud Perpetrator Behind Those Behavioral Issues?
The recently released 2020 Association of Certified Fraud Examiner’s (ACFE’s) occupational fraud study, Report to the Nations, reveals that the most common behavioral red flag…
6.22.20
Launching a Business? How to Treat Start-Up Expenses on Your Tax Return
While the COVID-19 crisis has devastated many existing businesses, the pandemic has also created opportunities for entrepreneurs to launch new businesses. For example, some businesses…
6.15.20
How Smart Software Can Help You Find Fraud
Machine learning increasingly is being used to discover fraud schemes. With this type of artificial intelligence (AI), the technology learns or improves in accuracy through…
6.15.20
Good Records Are the Key to Tax Deductions and Trouble-Free IRS Audits
If you operate a small business, or you’re starting a new one, you probably know you need to keep records of your income and expenses.…
6.15.20
Paycheck Protection Program Flexibility Act Makes Significant Changes to the Forgiveness Provisions of PPP Loans
The Paycheck Protection Program (PPP), enacted as part of the CARES Act, is a lending program designed to provide funds for small businesses to hold…
6.11.20
IRS Updates Mileage Rates for 2020
Beginning on January 1, 2020, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) are: 57.5 cents per…
6.10.20
No Surprises: How to Maintain an Accurate Contract Schedule
Tracking the financial minutiae of your contract schedule requires great attention to detail. But do you know what else requires great attention to detail? Construction…
6.8.20
Rioting Damage at Your Business? You May Be Able to Claim Casualty Loss Deductions
The recent riots around the country have resulted in many storefronts, office buildings and business properties being destroyed. In the case of stores or other…
6.8.20
Keys to Ownership Transition and Business Succession Planning
Business succession planning is essential for all privately-owned companies and the importance of a detailed plan is magnified during periods of economic upheaval. Planning for…
6.6.20
The Marriage Penalty Still Exists Under the TCJA
One byproduct of the Internal Revenue Code is that the tax liability of married couples who file jointly may be more than their combined tax…