Defending your Auto Dealership from Fraud
Although auto sales plunged at the start of the COVID-19 pandemic, they’ve since rebounded. In fact, some dealerships are reporting record sales in 2021. […]
Employee Retention Tax Credit Quick Facts
(This is Blog Post #1037)
An S Corporation Could Cut Your Self-Employment Tax
If your business is organized as a sole proprietorship or as a wholly owned limited liability company (LLC), you’re subject to both income tax […]
Understanding How to Report Large Cash Transactions (Form 8300)
The Internal Revenue Service recently reminded businesses (in News Release 2021-47) of their responsibility to report large cash […]
Plan Ahead for the 3.8% Net Investment Income Tax
High-income taxpayers face a 3.8% net investment income tax (NIIT) that’s imposed in addition to regular income tax. Fortunately, there are some steps you may be able to take […]
Fending Off “Friendly” Fraud
Fraudulent behavior isn’t necessarily perpetuated by people hiding their identities. For example, legitimate customers sometimes use the credit card chargeback process to their advantage […]
Working in the Gig Economy Results in Tax Obligations
Before the COVID-19 pandemic hit, the number of people engaged in the “gig” or sharing economy had been growing, according to several reports. And reductions in working hours during […]
Providing Education Assistance to Employees
Providing education assistance to employees is done by many businesses as a fringe benefits so their employees can improve their skills and gain additional knowledge. An employee […]
Help Ensure the IRS Doesn’t Reclassify Independent Contractors as Employees
Many businesses use independent contractors to help keep their costs down. If you’re among them, make sure that these workers are properly classified for federal tax […]
Unreliable or Fraudulent Insurance Coverage
Bad faith denials of claims by insurers are illegal, but some dishonest companies or agents attempt them anyway. It’s possible that just when you […]
