8.9.19
Difference Between a Medical Contractor and an Employee
Many doctors do not believe that there is a difference between employees and contractors, and unfortunately, these misconceptions can lead to long-term employment issues. Do…
8.8.19
The IRS Is Targeting Business Transactions in Bitcoin
Bitcoin and other forms of virtual currency are gaining popularity. But many businesses, consumers, employees and investors are still confused about how they work and…
8.8.19
Active vs. Passive Fraud Detection
When it comes to reducing fraud loss and duration, active detection methods (such as surprise audits or data monitoring) are far more effective than passive…
8.6.19
Construction and IT: Are You Up to Speed?
Consider the typical building — a small high-rise or large manufacturing plant. Several hundred companies need to work in unison — a general contractor, an…
8.6.19
Planning for the Net Investment Income Tax
Despite its name, the Tax Cuts and Jobs Act (TCJA) didn’t cut all types of taxes. It left several taxes unchanged, including the 3.8% tax…
8.6.19
Tax Breaks for Teachers
When teachers are setting up their classrooms for the new school year, it’s common for them to pay for a portion of their classroom supplies…
8.6.19
Tax Document Retention Guidelines for Small Businesses
You may have breathed a sigh of relief after filing your 2018 income tax return (or requesting an extension). But is your office strewn with…
8.6.19
Consider the Flexibility of a Self-Directed IRA
Traditional and Roth IRAs can be relatively “safe” retirement-savings vehicles, depending on what they’re invested in. But a drawback is that they limit your investment…
8.5.19
DOL Expands Retirement Plan Options for Smaller Businesses
The U.S. Department of Labor (DOL) has released a final rule which should make it easier for smaller businesses to provide retirement plans to their…
8.5.19
The Revenue Recognition Principle and Recent Changes
Understanding the difference between revenue and income is essential to understanding revenue recognition: Revenue is defined as the total amount of money a business receives…