6.24.22
Finding Hidden Assets and Unreported Income
The business valuation and forensic accounting disciplines often intersect when valuing a business for divorce or shareholder disputes. Controlling shareholders may, for example, try to…
6.24.22
IRS Releases “Dirty Dozen” Tax Scams for 2022
The IRS recently released its annual list of the “worst of the worst” tax scams currently affecting U.S. taxpayers, which it calls the “Dirty Dozen.”…
6.23.22
Key Takeaways From the Latest ACFE Occupational Fraud Report
Occupational fraud is a crime that costs companies billions of dollars annually throughout the world. Perpetrators are finding new and more ways of committing it…
6.22.22
Six Tips for Dealing With Rising Material Prices
Manufacturers face enormous business challenges today. The top two are rising raw material costs and supply chain challenges, according to the fourth quarter 2021 Manufacturers’…
6.22.22
Independent Contractor vs. Employee: Are Your Manufacturing Workers Properly Classified?
Manufacturing company owners may mistakenly believe that the misclassification of employees as independent contractors doesn’t really matter, so long as contractors satisfy all of their…
6.22.22
Businesses Will Soon Be Able To Deduct More Under the Standard Mileage Rate
Business owners are aware that the price of gas is historically high, which has made their vehicle costs soar. The average nationwide price of a…
6.22.22
Adding Value With Life-Cycle Cost Analysis
In today’s challenging economic environment, many construction companies are looking for a competitive edge that distinguishes them from other contractors in their markets. One way…
6.22.22
Could You Qualify for an Energy-Efficient Tax Deduction?
Section 179D of the tax code allows a deduction for the cost of energy-efficient improvements to new or existing commercial buildings, as well as certain…
6.21.22
Is Your Employee Benefit Plan Up to Date? Don’t Miss These Required Deadlines!
Your pre-approved employee benefit plan document will likely be getting a “facelift” soon thanks to certain Internal Revenue Service (IRS) required restatements and amendments. Plan…
6.21.22
Significant Changes Arising From the New York State 2022-2023 Budget Bill
On April 9, 2022, the Governor of New York, Kathy Hochul, signed the State’s 2022-2023 fiscal year budget into law. This legislation, as well as…