The Tax Advantages of Hiring Your Child This Summer
Summer is around the corner so you may be thinking about hiring young people at your small business. At the same time, you may have children looking ...
New-and-Improved Accounting Rules for Common Control Leases
On March 27, 2023, the Financial Accounting Standards Board (FASB) published narrowly drawn amendments to the lease accounting rules. The updated ...
How Safe Are Your Business’s Paper Checks?
Recently, the Financial Crimes Enforcement Network (FinCEN) told U.S. financial institutions to exercise caution when processing paper checks because ...
Using the Rehab Tax Credit When Altering or Adding Space
If your business occupies substantial space and needs to increase or move from that space in the future, you should keep the rehabilitation tax ...
Got Fraud? Call a Forensic Accountant
Fraud perpetrated by employees, management, vendors or customers can happen to any business. And if it does, it can take years to recover from the ...
Beware of the Gray Areas in Accounting
Accounting and auditing standards have come under scrutiny in the wake of recent high-profile bank failures. Investigations are currently underway ...
Can You Spot the Fraud Perpetrator? Look for Bad Behavior
Ask any business owner whose company has been defrauded by an employee, and you’ll probably hear a common refrain: “I never would have suspected that ...
Federal Tax Credits and Deductions for Family Caregivers
Caring for children, elderly family members, and others can be expensive as well as physically and emotionally demanding. Although the IRS doesn’t ...
U.S. Supreme Court rules against the IRS on critical FBAR issue
The U.S. Supreme Court recently weighed in on an issue regarding a provision of the Bank Secrecy Act (BSA) that has split two federal courts of ...