3.31.25
Are You a Tax-Favored Real Estate Professional?
For federal income tax purposes, the general rule is that rental real estate losses are passive activity losses (PALs). An individual taxpayer can generally deduct…
3.24.25
Six Essential Tips for Small Business Payroll Tax Compliance
Staying compliant with payroll tax laws is crucial for small businesses. Mistakes can lead to fines, strained employee relationships and even legal consequences. Below are…
3.20.25
Beneficial Ownership Information Reporting Requirements Suspended for Domestic Reporting Companies
The twisty journey of the Corporate Transparency Act’s (CTA’s) beneficial ownership information (BOI) reporting requirements has taken yet another turn. Following a February 18, 2025,…
3.17.25
Disaster Victims May Qualify for Tax Relief … Including on Amended Returns
Victims of presidentially declared disasters in recent years who couldn’t previously claim a casualty loss deduction may now be able to claim a refund. Additional…
3.10.25
Choosing an Entity for Your Business? How About an S Corporation?
Are you starting a business with partners and deciding on the right entity? An S corporation might be the best choice for your new venture.…
3.7.25
Element of Surprise a Valuable Asset in Fraud Prevention
There’s nothing quite like the element of surprise when trying to get to the core of an issue. When we’re not expecting something to happen,…
3.7.25
BEC Fraud: How To Protect Your Business From a Growing Threat
Business email compromise (BEC) has emerged as one of the most financially damaging online crimes. According to the FBI’s Internet Crime Complaint Center (IC3), organizations…
3.7.25
Keeping Crooked Workers From Colluding in Fraud
According to the Association of Certified Fraud Examiners, when one occupational fraud perpetrator pulls off a scam, the employer suffers a median loss of $75,000.…
3.7.25
Sharks in the Water: Watch Out for Predatory Lenders
Whether you’re an entrepreneur seeking start-up funds or the owner of an established business that needs capital to make an acquisition or develop new product…
3.6.25
What Does It Mean to Be a Fiduciary for a Pension Plan?
According to the Employee Retirement Income Security Act (ERISA), a fiduciary is anyone who exercises any discretionary authority over the management of the plan or…