Should I File My 2020 Tax Return Early?
The IRS opened the 2020 individual income tax return filing season on February 12. (This is later than in past years because of a […]
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 […]
Multiple Taxpayer Filing Statuses
When it comes to taxes, December 31 is more than just New Year’s Eve. That date will affect the filing status box that will be checked on […]
New Fraud to Watch Out For in 2021
Whew, you made it through 2020! But don’t rest easy yet as there’s new fraud to watch out for in 2021. The fraud perpetrators […]
Business Mileage Rate Decreases in 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 […]
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 […]
4 Tips for Preparing a Fraud Case for Law Enforcement
If you’ve caught an employee stealing from your company, you may think that turning the person over to the police will result in prosecution. […]
Employee Retention Credit Expanded Under CAA 2021
The Consolidated Appropriations Act, 2021 (CAA 2021), signed into law by President Trump on 12/27/20, includes the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (TCDTRA) which extends […]
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 […]
