Blog

Conflicts of interest: When employees aren’t on your side

Conflicts of interest: When employees aren’t on your side

May 29, 2019
The best way to promote your business’s success is by holding all stakeholders to the highest ethical standards.
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What type of expenses can’t be written off by your business?

What type of expenses can’t be written off by your business?

May 29, 2019
The deductibility of some expenses is clear. But for other expenses, it can get more complicated. Generally, if an expense seems like it’s not normal in your industry — or if it could be considered fun, personal or extravagant in nature — you should proceed with caution. And keep records to substantiate the expenses you’re deducting.
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Selling your home? Consider these tax implications

Selling your home? Consider these tax implications

May 29, 2019
Your home is probably your largest investment. So before selling it, make sure you understand the tax implications.
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Uncover bogus resume claims — and prevent bad hires

Uncover bogus resume claims — and prevent bad hires

May 29, 2019
Job applicants aren’t always honest on their resume. And if you don’t investigate suspicious claims, you might end up hiring an unqualified and unethical employee — which could lead to financial, productivity and legal liability issues.
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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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Dissecting the role of the forensic accountant in litigation

Dissecting the role of the forensic accountant in litigation

May 1, 2019
Forensic accountants specialize in conducting fraud audits and investigations to detect irregularities and troubling trends, looking for both telltale and subtle signs of white collar crime.
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Employee vs. independent contractor: How should you handle worker classification?

Employee vs. independent contractor: How should you handle worker classification?

May 1, 2019
Many employers prefer to classify workers as independent contractors to lower costs, even if it means having less control over a worker’s day-to-day activities. But the government is on the lookout for businesses that classify workers as independent contractors simply to reduce taxes or avoid their employee benefit obligations.
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Casualty loss deductions: You can claim one only for a federally declared disaster

Casualty loss deductions: You can claim one only for a federally declared disaster

May 1, 2019
What’s considered a casualty for tax purposes? It’s a sudden, unexpected or unusual event, such as a hurricane, tornado, flood, earthquake, or fire; an accident or act of vandalism; or even a terrorist attack.
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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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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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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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