Unmasking Fraud During This Economic Downturn
Fraud tends to flourish during periods of prosperity. The reason is simple: When companies experience fast-growing revenues and rising net profits, they may lack […]
Tax Implications of Working from Home
COVID-19 has changed our lives in many ways, and some of the changes have tax implications. Here is basic information about two common situations […]
2020 Q4 Tax Calendar: Key Deadlines for Businesses
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2020. Keep in mind that this list isn’t all-inclusive, […]
Are Social Security Benefits Taxed?
If you’re getting close to retirement, you may wonder: Are my Social Security benefits going to be taxed? And if so, how much will […]
More Parents May Owe “Nanny Tax” This Year
In the COVID-19 era, many parents are hiring nannies and babysitters because their daycare centers and summer camps have closed. This means that more […]
Journal Entries May Signal Financial Statement Fraud
With a median loss of $954,000, financial statement fraud is the costliest type of white-collar crime, according to the Association of Certified Fraud Examiners. Fortunately, auditors and […]
Tax Implications of Employer-Provided Life Insurance
Does your employer provide you with group term life insurance? If so, and if the coverage is higher than $50,000, this employee benefit may […]
Employers Have Questions About FICA Deferrals
The IRS has provided guidance to employers regarding the recent presidential action to allow employers to defer the withholding, deposit and payment of certain […]
What Happens When You Can’t Pay Your Taxes?
While you probably don’t have any problems paying your tax bills, you may wonder: What happens in the event you can’t pay your taxes […]
How to Protect Your Investment Accounts from Fraud
Because the average investment account boasts a much larger balance that a typical checking or savings account, cybercriminals are particularly interested in hacking them. Financial institutions are […]
