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How entrepreneurs must treat expenses on their tax returns

How entrepreneurs must treat expenses on their tax returns

May 1, 2019
Entrepreneurs are often unaware that many expenses incurred by start-ups can’t be deducted right away. You should be aware that the way you handle some of your initial expenses can make a large difference in your tax bill.
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Three questions you may have after you file your return

Three questions you may have after you file your return

April 17, 2019
Once your 2018 tax return has been successfully filed with the IRS, you may still have some questions. Here are brief answers to three questions that we're frequently asked at this time of year.
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Deducting business meal expenses under today’s tax rules

Deducting business meal expenses under today’s tax rules

April 17, 2019
In the course of operating your business, you probably spend time and money “wining and dining” current or potential customers, vendors and employees. What can you deduct on your tax return for these expenses? The treatment of meal and entertainment expenses became more complicated after the TCJA.
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Fraud fact: Crooks prefer cash

Fraud fact: Crooks prefer cash

April 17, 2019
Strong internal controls are instrumental in preventing cash-type schemes. But even the strongest controls sometimes fail to prevent a determined fraudster.
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Prevent hackers from wiping out your employees’ 401(k) accounts

Prevent hackers from wiping out your employees’ 401(k) accounts

April 17, 2019
Without adequate vigilance, anybody can be a few clicks away from cleaning out your employees’ 401(k) accounts. Review your plan documents carefully and educate participants about their responsibilities for monitoring their accounts.
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Stretch your college student’s spending money with the dependent tax credit

Stretch your college student’s spending money with the dependent tax credit

April 17, 2019
The TCJA established a new $500 tax credit for dependents who aren’t under-age-17 children who qualify for the child tax credit. However, these individuals must pass certain tests to be classified as dependents.
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Ticket scams: When the price of admission is too high

Ticket scams: When the price of admission is too high

March 8, 2019
Concert, sporting and other event tickets can go for astronomical prices — when they’re even available. Hoping to find reasonably priced tickets (or to find tickets at all), many consumers turn to the online resale market. But while most resale transactions are legitimate, some involve ticket scammers.
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3 big TCJA changes affecting 2018 individual tax returns and beyond

3 big TCJA changes affecting 2018 individual tax returns and beyond

March 8, 2019
For 2018 through 2025, the Tax Cuts and Jobs Act (TCJA) makes significant changes to personal exemptions, standard deductions and the child credit. The degree to which these changes will affect you depends on whether you have dependents and, if so, how many. It also depends on whether you typically itemize deductions.
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Many tax-related limits affecting businesses increase for 2019

Many tax-related limits affecting businesses increase for 2019

March 8, 2019
A variety of tax-related limits affecting businesses are annually indexed for inflation, and many have gone up for 2019.
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2 major tax law changes for individuals in 2019

2 major tax law changes for individuals in 2019

March 8, 2019
While most provisions of the Tax Cuts and Jobs Act (TCJA) went into effect in 2018 and either apply through 2025 or are permanent, there are two major changes under the act for 2019.
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Tax-free fringe benefits help small businesses and their employees

Tax-free fringe benefits help small businesses and their employees

March 8, 2019
In today’s tightening job market, to attract and retain the best employees, small businesses need to offer not only competitive pay, but also appealing fringe benefits. Benefits that are tax-free are especially attractive to employees.
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Is your business prepared for a fraud disaster?

Is your business prepared for a fraud disaster?

March 8, 2019
Your company probably has a contingency plan for such potential calamities as fires and natural disasters. But what about a fraud contingency plan? Even if you don’t believe that one of your trusted employees would ever steal from you, it pays to be prepared.
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