A Company Car is a Valuable Perk, but Don’t Forget About Taxes
One of the most appreciated fringe benefits for owners and employees of small businesses is the use of a company car. This perk results in tax ...
What Is Residual Fraud Risk and How to Address It
By regularly analyzing risk, business owners and executives can better understand and manage the likelihood and potential impact of fraud. Generally, ...
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The Anatomy of a Client Accounting Services (CAS) Team
Client Accounting Services (CAS), sometimes referred to as Client Accounting Advisory Services (CAAS), is a specialized field within the accounting ...
IRS Underpayment Penalty Rate Jumps to 8%
Failing to keep up with tax payments now could lead to an expensive surprise come next spring. As of Oct. 1, the Internal Revenue Service is charging ...
How Does Industry Affect Fraud Risk?
Constant vigilance is the most critical control to prevent fraud risk. Employee fraud happens when a motivated individual who knows of a weakness ...
Tips For a Smoother Month-end Close
Does your company struggle to close its books at the end of each month? The month-end close requires accounting personnel to round up data from ...
Reporting Requirement for Shareholder Health Insurance
The IRS requires that an S-Corporation shareholder report the amount paid for each officer’s health insurance as additional wages on Form W-2 Box 1 ...
Importance of Obtaining W-9s and Issuing 1099s
To make the process as quick and painless as possible, follow these tips:
Investment Swings: What's the Tax Impact?
If your investments have fluctuated wildly this year, you may have already recognized some significant gains and losses. But nothing is decided ...