9.9.22
IRS Offers Penalty Relief for 2019, 2020 Tax Years
While the recently announced student loan debt relief has captured numerous headlines, it’s estimated that another federal relief program announced on the same day will…
9.9.22
How To Assess Fraud Risks Today
Auditing standards require external auditors to consider potential fraud risks by watching out for conditions that provide the opportunity to commit fraud. Unfortunately, conditions during…
9.9.22
Be Careful. There Might Be a “Visher” on the Line
“Vishing” may sound familiar, but unless you’re a fraud investigator, you probably haven’t encountered it. Unfortunately, that could change … soon. To foil a scam…
9.9.22
Business Owners, Divorce and the Potential for Fraud
It’s difficult enough to divide a marital estate. But when a divorcing spouse owns a private business and attempts to artificially deflate its profits or…
9.9.22
Has Your Company Elected Into the New York State Pass-Through Entity Tax (PTET)? Additional Election Benefits to Consider for 2022
Why Was the Pass-Through Entity Tax Needed? On December 20, 2017, the Tax Cuts and Jobs Act (TCJA) was passed, limiting the amount of state…
9.9.22
Give Your Construction Company’s Bonding Capacity a Solid Foundation
A high bonding capacity is a strategic objective of many construction businesses. Knowing you can get the necessary underwriting from your surety gives you the…
9.9.22
New Lease Accounting Standard Is Here (For Real This Time)
Does your construction business follow Generally Accepted Accounting Principles (GAAP)? And does it lease equipment, real estate or other assets? If you answered “yes” to…
9.9.22
Could the Work Opportunity Tax Credit Help Your Construction Company?
The construction industry has been facing a labor shortage for years. Although there are various ways to tackle the challenge, one approach to keep in…
9.7.22
Large, Unpaid Tax Bills Could Endanger Your Passport
If you have a large unpaid federal tax bill, beware. A 2015 law allows the U.S. State Department to deny your passport application — or…
9.7.22
Large Cash Business Transactions Must Be Reported to the IRS
If your business receives large amounts of cash or cash equivalents, you may be required to report these transactions to the IRS. Here are some…