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IRS Audit Techniques Guides provide clues to what may come up if your business is audited

IRS Audit Techniques Guides provide clues to what may come up if your business is audited

May 23, 2018
IRS examiners use Audit Techniques Guides (ATGs) to prepare for audits — and so can small business owners.
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Synthetic Identity Theft: A Fast Growing Concern

Synthetic Identity Theft: A Fast Growing Concern

May 8, 2018
To prevent becoming victim to this type of theft, obtain free credit reports annually and consider subscribing to identity theft protection services that provide real-time monitoring.
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Tax document retention guidelines for small businesses

Tax document retention guidelines for small businesses

April 30, 2018
It’s easy to accumulate a mountain of paperwork (physical or digital) from years of filing tax returns. If you’re unsure whether you should retain a document, a good rule of thumb is to hold on to it for at least six years or, for property-related records, at least seven years after you dispose of the property.
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How long should you keep your personal tax records?

How long should you keep your personal tax records?

April 30, 2018
What 2017 tax records can you toss once you've filed your 2017 return? The answer is simple: none.
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Haven't filed your 2017 income tax return yet? Beware of these pitfalls

Haven't filed your 2017 income tax return yet? Beware of these pitfalls

April 12, 2018
Despite the potential pitfalls, filing for an extension can be tax-smart if you're missing critical documents or you face unexpected life events that prevent you from devoting sufficient time to your return right now.
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2018 Q2 tax calendar: Key deadlines for businesses and other employers

2018 Q2 tax calendar: Key deadlines for businesses and other employers

April 12, 2018
Here are some of the key tax-related deadlines affecting businesses and other employers during the second quarter of 2018. Keep in mind that this list isn't all-inclusive, so there may be additional deadlines that apply to you.
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 Your responsibility for fraudulent credit or debit card charges?

Your responsibility for fraudulent credit or debit card charges?

March 22, 2018
If someone steals your credit or debit card — or just your account number — and uses it to make purchases, will your card company hold you liable? The answer may depend on the type of card, whether the physical card is still in your possession and when you alert the card issuer. 
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Families with college students may save tax on their 2017 returns with one of these breaks

Families with college students may save tax on their 2017 returns with one of these breaks

March 9, 2018
Whether you had a child in college (or graduate school) last year or were a student yourself, you may be eligible for some valuable tax breaks on your 2017 return.
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TCJA temporarily lowers medical expense deduction threshold

TCJA temporarily lowers medical expense deduction threshold

March 9, 2018
With rising health care costs, claiming whatever tax breaks related to health care that you can is more important than ever. But there's a threshold for deducting medical expenses that may be hard to meet. Fortunately, the Tax Cuts and Jobs Act has temporarily reduced the threshold.
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Why employees steal — and what you can do about it

Why employees steal — and what you can do about it

March 5, 2018
It’s not easy for companies to spot dishonest employees. So in addition to shoring up your internal controls, you should also foster an ethical business culture. Promote and reward honesty and punish those who violate rules.
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2017 tax filing deadline for pass-through entities is March 15

2017 tax filing deadline for pass-through entities is March 15

March 5, 2018
When it comes to income tax returns, April 15 isn't the only deadline taxpayers need to think about.
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Meals, entertainment and transportation may cost businesses more under the TCJA

Meals, entertainment and transportation may cost businesses more under the TCJA

February 16, 2018
The TCJA’s changes to deductions for meals, entertainment and transportation expenses may affect your business’s budget. Depending on how much you typically spend on such expenses, you may want to consider changing some of your policies and/or benefits offerings in these areas.
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