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…
4.15.19
TCJA Glitches and the Extenders: Uncertainty Looms Over Some Federal Income Tax Provisions
Congress has yet to tackle several outstanding uncertainties frustrating both businesses and individual taxpayers. The Tax Cuts and Jobs Act (TCJA), for example, contains several…
4.11.19
Trying to Create a Flawless Construction Budget
A good annual budget should be able to keep a construction company from running the risk of spending more money than it earns throughout the…
4.11.19
Recognizing and Accounting for Indirect Costs
Indirect costs are necessary costs. In today’s construction industry, every project must be held accountable for its own expenses — in as much detail as…
4.11.19
Revenue Recognition Implementation – Beyond the Theory
The goal of FASB’s new revenue recognition standard is to replace industry-specific guidance with a single uniform standard that provides comparability not only across industries…
4.9.19
Prevent Hackers from Wiping out Your Employees’ 401(K) Accounts
News of commercial database hackings may seem commonplace in 2019. But while many of these stories focus on hacked bank and credit card accounts, 401(k)…
4.9.19
Divorcing Business Owners Need to Pay Attention to Tax Implications
If you’re getting a divorce, you know it’s a highly stressful time. But if you’re a business owner, tax issues can complicate matters even more.…