IRS Resumes Processing of Employee Retention Tax Credit Claims
As reported in IR-2024-169
IRS enters next stage of Employee Retention Tax Credit work; review indicates […]
Shoring Up Protections Against Expense Reimbursement Fraud
One of the types of occupational fraud schemes that became more costly for employers since the beginning of the COVID-19 pandemic in 2020 is expense reimbursement fraud. […]
Inflation Enhances the 2025 Amounts for Health Savings Accounts
The IRS recently released guidance providing the 2025 inflation-adjusted amounts for Health Savings Accounts (HSAs). These amounts are adjusted each year, based on […]
You May Be Entitled to Tax Breaks if Caring for an Elderly Relative
There are many rewards for taking care of an elderly relative. They may include feeling needed, making a difference in the person’s life and allowing the person […]
Consider Alternative Indicators of Business Value
When valuing a business, experts often look beyond the company’s financial statements. Management interviews and document requests may provide additional objective insight into […]
Should You Convert Your Business from a C to an S Corporation?
Choosing the right business entity has many implications, including the amount of your tax bill. The most common business structures are sole proprietorships, […]
A Three-Step Strategy to Save Tax When Selling Appreciated Vacant Land
Let’s say you own one or more vacant lots. The property has appreciated greatly and you’re ready to sell. Or maybe you have […]
Tax Tips When Buying the Assets of a Business
After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you want the best results […]
What to Do if your Business is Defrauded
Occupational fraud isn’t just a financial threat. It can potentially change a business’s reputation, culture and relationships. But before dealing with any larger ramifications of fraud, defrauded […]
California Short-Term Rentals Now Require a Business Personal Property Filing
Commencing in 2024, individuals who possess short-term rentals (such as rentals facilitated by platforms like Airbnb) will be required to fill out the newly introduced Form BOE-571-STR, […]
