Should you Convert from a C to an S Corporation?
The best choice of entity can affect your business in several ways, including the amount of your tax bill. In some cases, businesses decide […]
Prevent Retail Return Fraud from Damaging Profits
For most retailers, December is the most profitable season of the year. However, customer returns in January can cut deeply into December revenues — particularly if the […]
New 1099-NEC is Due to Recipients Soon
There’s a new IRS form for business taxpayers that pay or receive certain types of nonemployee compensation and it must be furnished to most recipients by February 1, […]
PPP Loan 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 loan to […]
Against the Odds, Savings Rate Rises
Against the odds, savings rate rises.
(This is Blog Post #964)
When Investigating Fraud, Beware of Bias
Despite our best intentions, almost everyone brings some bias to human interactions — even business owners and executives investigating fraud. Sometimes bias can lead […]
Q1 2021 Tax Deadlines for Businesses
Here are some of the key Q1 2021 tax deadlines affecting businesses and other employers. Keep in mind that this list isn’t all-inclusive, so there may be […]
Balancing the Rights of Employers and Employees When Fraud is Suspected
Most fraud-prevention guidance advises owners and manager to monitor employees. But what exactly does this mean? Are you legally entitled to monitor employee computer […]
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 Retention Tax […]
SBA Re-Opening PPP for All Lenders by 1/19/2021
A 1/13/2021 U.S. Treasury Department Press Release reported that the SBA is re-opening the Paycheck Protection Program (PPP) loan portal:
