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 […]
New 1099-NEC is Due to Recipients Soon
There’s a new IRS form for business taxpayers that pay or receive certain types of nonemployee compensation and it must be furnished to most recipients by February 1, […]
PPP Loan Tax Consequences
The Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP) reopened the week of January 11. If you’re fortunate to get a PPP loan to […]
Against the Odds, Savings Rate Rises
Against the odds, savings rate rises.
(This is Blog Post #964)
When Investigating Fraud, Beware of Bias
Despite our best intentions, almost everyone brings some bias to human interactions — even business owners and executives investigating fraud. Sometimes bias can lead […]
