2.2.21
The Cents-per-Mile Rate for Business Miles Decreases Again for 2021
This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-and-one-half cents, to 56…
2.2.21
Making an Estate Plan? How to Avoid Fraudulent Transfers
If you have an estate plan and also have creditors, you could be a fraud perpetrator — without knowing it or intending to defraud anyone.…
1.25.21
Make Your Fraud Contingency Plan a Blueprint for Swift Action
Over the past year, most businesses have been forced to contend with multiple crises, including COVID-19, social unrest and financial challenges. The last thing you…
1.19.21
Prevent and Detect Insider Cyberattacks
In one recent cybercrime scheme, a mortgage company employee accessed his employer’s records without authorization, then used stolen customer lists to start his own mortgage…
1.19.21
PPP Loans Have Reopened: Let’s Review the Tax Consequences
The Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP) reopened the week of January 11. If you’re fortunate to get a PPP…
1.18.21
Can Your Business Benefit From the Enhanced Employee Retention Tax Credit?
COVID-19 has shut down many businesses, causing widespread furloughs and layoffs. Fortunately, employers that keep workers on their payrolls are eligible for a refundable Employee…
1.18.21
Twice as Nice: The Temporary Gift Tax Break
The Tax Cuts and Jobs Act temporarily doubled the federal gift and estate tax exemption through 2025. Adjusted for inflation, the exemption currently allows an…
1.15.21
A Look at What’s in the Second Stimulus Package
On Sunday, December 27, 2020, the Consolidated Appropriations Act, 2021 (H.R. 133) was signed into law. The bill contained the Coronavirus Response and Relief Supplemental…
1.15.21
Are You at Risk for Investment Fraud?
Perpetrators of investment fraud know how to push the right psychological buttons to entice their “marks” to buy worthless or nonexistent securities. You can mitigate…
1.8.21
6 Key Tax Q&As for 2021
Right now, you may be more concerned about your 2020 tax bill than you are about how to handle your personal finances in the new…