Prevent Task Fragmentation from Hiding Fraud
Fraud can be difficult to detect when different employees handle different parts of a transaction. A dishonest manager may instruct several employees to perform routine tasks […]
The “Kiddie Tax” Can Apply Long After Childhood
Many parents don’t know that the so-called “kiddie tax” exists. Others assume it affects only minor children. But it also can apply to full-time students through age 23 and 18-year-olds even if they aren’t full-time […]
Self-Employed? Don’t Overlook Valuable Tax Deductions
If you’re self-employed, you probably have questions about deducting business expenses on your federal income tax return. Here’s a quick overview of the filing requirements for sole proprietors and independent contractors, and five examples of […]
FAQs About Valuing Goodwill in Marital Dissolutions
When a marital estate includes a closely held business, the value of goodwill often becomes a contentious issue. Goodwill is an intangible asset that can have […]
Should You Make After-Tax, Non-Roth 401(k) Contributions
If you participate in a company 401(k) plan, you already know that you can make pre-tax contributions up to the annual elective deferral limit to a traditional, tax-deferred account. If your 401(k) plan offers a […]
Beware of Potential Tax Issues When Selling Self-Created Intangibles
Many modern businesses rely on intangible assets, such as goodwill, trademarks and customer lists. But the IRS doesn’t treat all intangibles the same way. Questions about how these assets are taxed often arise when a […]
What Your Industry Might Say About Preventing Fraud
Research by the Association of Certified Fraud Examiners (ACFE) and others has consistently found that some industries suffer higher […]
Protect Yourself from Fraudsters Impersonating the IRS and Other Tax Scams
Tax scammers continue to target taxpayers through email, text messages, phone calls and regular mail. They often try to create urgency or fear to trick victims […]
3 Methods Business Valuation Pros Use to Calculate Lost Profits
Business disputes often involve more than determining who was at fault — they also require measuring the financial harm caused by a particular action or event, […]
Self-Employed? Don’t Overlook a Roth IRA
Some small business owners overlook Roth IRAs because they assume their income is too high for them to qualify to make Roth contributions. Others may think their current tax rate is higher than it will […]
