7.24.24
Construction Business Owners Prepare Now for Possible Tax Law Changes
The Tax Cuts and Jobs Act (TCJA) was signed into law in 2017 and generally took effect at the start of 2018. It brought sweeping…
7.23.24
Fraud in Family Businesses
“They are family. They would never do that!” Our guard comes down as it is hard to imagine a family member capable of business fraud.…
7.23.24
IRS Ramps up Compliance Enforcement Against Certain Businesses
The Inflation Reduction Act provided the IRS with billions of dollars of additional funding to reduce the so-called “tax gap” between what taxpayers owe and…
7.23.24
Watch Out for Tax Misinformation on Social Media
Social media gets blamed for a lot these days — sometimes for good reason. Recently, the IRS issued a warning to individual and business taxpayers…
7.18.24
Preventing Fraud Losses Across Multiple Business Locations
If you operate your business in multiple locations (as with retail or restaurant chains), preventing fraud losses can be challenging. After all, you can’t be…
7.18.24
Charity Scams: A Small Business Perspective
Many businesses support their communities by donating to local charities. Although there are plenty of nonprofits that deserve your support, some exist solely to facilitate…
7.18.24
What Is Residual Fraud Risk — And What Can Your Business Do About It?
By regularly analyzing risk, business owners and executives can better understand and manage the likelihood and potential impact of fraud. In general, there are two…
7.17.24
HSAs Can Be Powerful Retirement Saving Tools
Health Savings Accounts (HSAs) are designed as tax-advantaged savings vehicles for funding uninsured healthcare expenses. But for those in relatively good health, they also may…
7.17.24
Renting to Family Members
As rents continue to rise in many areas, you may decide to help your financially challenged family members by renting your property to them at…
7.17.24
Six Strategies for Improving Collections
Businesses that operate in the retail or restaurant spheres have it relatively easy when it comes to collections. They generally take payments right at a…