4.6.22
What Do IRS Auditors Know About Your Business Industry?
Has your business been audited by the IRS? It may be stressful, especially if you don’t know what to expect. It might help to know…
4.6.22
Shield Your Life Insurance From Federal Estate Tax
If you have a life insurance policy, be aware that the proceeds your beneficiary receives could be subject to federal estate tax. That is, unless…
4.6.22
Taking Casualty Loss Tax Deductions Is Now Harder
Unexpected disasters such as severe storms, flooding and wildfires can happen anywhere, causing damage to your home and personal property. Before the Tax Cuts and…
4.6.22
Could You Be Hit With the Trust Fund Recovery Penalty?
There’s a harsh tax penalty that you could be personally responsible to pay if you own or manage a business with employees. It’s called the…
4.4.22
Protecting Your Company From Cryptocurrency Fraud
Scams are everywhere online, and cryptocurrency exchanges are no different. According to blockchain data company Chainalysis, cryptocurrency transactions associated with illegal activity topped $14 billion…
4.4.22
5 Ways to Foil a ”Fraud Department” Scam
When banks detect suspicious activity in a customer’s account, they often call account holders to discuss the transactions. Time is of the essence when it…
4.4.22
Is Your Nonprofit on Track? Ask Your Clients
Regularly asking clients for feedback about your not-for-profit and its services is essential to maintaining healthy relationships. But the practice also makes financial sense. You…
4.4.22
Timing Counts: Reporting Subsequent Events
Major events or transactions — such as a natural disaster, a cyberattack, a regulatory change or the loss of a large business contract — may…
4.4.22
2022 Q2 Tax Calendar: Key Deadlines for Businesses and Other Employers
Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2022. Keep in mind that…
3.16.22
Reporting and Managing Inventory
Ineffective inventory management and reporting can result in bloated working capital and impaired business profits. In industries that rely on overseas suppliers, best practices for…