5.7.19
Deducting Business Losses for Pass-Through Entities
It’s not uncommon for businesses to sometimes generate tax losses. But the tax law limits deductible losses in some situations. And the Tax Cuts and Jobs…
5.7.19
Innocent Spouse Rules Offer Protection Under Some Circumstances
Must one spouse pay the tax resulting from a fabrication or omission by another spouse on a jointly filed tax return? It depends. If the…
5.7.19
Changes With Parking for Employees – It May Impact Your Taxes
The Tax Cuts and Jobs Act contained various provisions that will impact businesses and even tax-exempt organizations of all sizes in multiple ways. One notable…
5.6.19
What Type of Expenses Can’t Be Written Off by Your Business?
If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business deductions aren’t specifically…
5.6.19
Uncover Bogus Resumé Claims — and Prevent Bad Hires
Job applicants aren’t always honest on their resumés. And if you don’t investigate suspicious claims, you might end up hiring an unqualified and unethical employee…
4.25.19
One Year Later: A Look at the Impact of Steel Tariffs on U.S. Manufacturing
In March 2018, President Donald Trump signed an order imposing a 25% tariff on imported steel from most foreign countries as part of his economic…
4.23.19
How Entrepreneurs Must Treat Expenses on Their Tax Returns
Have you recently started a new business? Or are you contemplating starting one? Launching a new venture is a hectic, exciting time. And as you…
4.23.19
Preventing Fraud in Auto Dealerships
To prevent occupational fraud from cutting into your auto dealership’s profits and generating negative publicity, you need a strong internal controls system. And effective controls…
4.15.19
Why Executives Pose the Greatest Occupational Fraud Risk
In its 2018 Report to the Nations on Occupational Fraud and Abuse, the Association of Certified Fraud Examiners (ACFE) reported that owners and executives accounted…
4.15.19
Deducting Business Meal Expenses Under Today’s Tax Rules
In the course of operating your business, you probably spend time and money “wining and dining” current or potential customers, vendors and employees. What can…