Volunteering for Charity: Do You Get a Tax Break?
If you’re a volunteer who works for charity, you may be entitled to some tax breaks if you itemize deductions on your tax return. Unfortunately, they may not amount to as much as you think your generosity is worth. Click here to learn more.
The Greatest Corporate Espionage Risk is Internal
Companies may work hard to prevent outsiders from infiltrating their organizations, yet the greater danger is generally internal. Here’s how to identify your business’s corporate espionage vulnerabilities and prevent employees from taking advantage of them.
M&A Transactions: Avoid Surprises from the IRS
If you’re considering buying or selling a business — or you’re in the process of a merger or acquisition — it’s important that both parties report the transaction to the IRS in the same way. Otherwise, you may increase your chances of being audited. Click here to learn more.
Fraud Guides May Help Criminals Hack Your Data
Fraud experts have long known that “dark web” sites provide information, support and illicit goods to hackers and other criminals. However, security company Terbium Labs recently published a report analyzing a treasure trove of fraud guides for sale on shady sites. Click here for more details.
Bartering: A taxable transaction even if your business exchanges no cash
Small businesses may find it beneficial to barter for goods and services instead of paying cash for them. Click here to learn more.
Which Entity is Most Suitable for Your New or Existing Business?
The Tax Cuts and Jobs Act (TCJA) has changed the landscape for business taxpayers. These changes have caused many business owners to ask: What’s the optimal entity choice for me? Click here for more details.
The Pros and Cons of Interim Reporting
Though interim reporting generally isn’t required for private companies, stakeholders in smaller entities can benefit even more than those of public companies from this type of information. But it’s also important to understand the potential shortcomings. Click here to learn more.
What To Do if Your Nonprofit Receives an IRS Audit Letter
If your organization receives an audit letter, you need to know what the process involves and how you can help resolve it as quickly as possible. Click here for helpful tips.
If Your Kids Are Off to Day Camp, You May be Eligible for a Tax Break
Now that most schools are out for the summer, you might be sending your children to day camp. It’s often a significant expense. The good news: You might be eligible for a tax break for the cost. To learn more, click here!
In Pursuit of Global Tax Transparency
To help minimize stakeholders’ exposure to potential hidden risks, the Financial Accountability & Corporate Transparency (FACT) Coalition wants multinationals to disclose more information about corporate taxes. Click here to learn more.
How Experts Use Data Analysis to Detect Fraud
Data analytics is changing the way many businesses operate. It’s also changing how forensic accountants do their jobs. Click here to learn more.
Key 2019 Deadlines for Businesses and Other Employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2019.
Could You Unearth Hidden Profits in Your Company?
Can your business become more profitable without venturing out of its comfort zone? Bottom-line potential may lie undiscovered in your existing operations. How can you find these “hidden” profits? Click here to learn more.
Fiduciary Duties: What Your Board Members Need to Know
Not-for-profit board members — whether compensated or not — have a fiduciary duty to the organization. To protect your nonprofit’s financial health and integrity, it’s important that you help them understand. Click here for more details.
Donating Your Vehicle to Charity May Not be a Taxwise Decision
You’ve probably seen or heard ads urging you to donate your car to charity. However, donating a vehicle may not result in a big tax deduction — or any deduction at all. Click here to learn more.
You Have Options When Addressing Life Insurance in Your Estate Plan
If you’re planning to include life insurance in your estate plan but are unsure of the best way to do so, this article might help! Click the link to learn more.
Associations: Avoid Certain Activities to Preserve Tax-Exempt Status
The IRS is on the lookout for 501(c)(6) associations that don’t promote common business interests. If yours doesn’t, it may be time to review and revise your offerings. To learn more about promoting common business interests, click here.
Your Succession Plan May Benefit from a Separation of Business and Real Estate
The largest physical asset in your portfolio may be your real estate holdings — that is, the building and the land it sits on. Click the link to learn more.
IRS Updates Rules for Personal Use of Employer-Provided Vehicles
Emerging Tax and Regulations Alert for 5/21- The IRS recently announced the inflation-adjusted maximum value of an employer-provided vehicle under the vehicle cents-per-mile rule and the fleet-average value rule. Click here to learn more.
It’s a Good Time to Check Your Withholding and Make Changes, if Necessary
Due to the massive changes in the Tax Cuts and Jobs Act (TCJA), the 2019 filing season resulted in surprises. Click here for more details.
Antifraud Checklist for Construction Companies
According to the Association of Certified Fraud Examiners’ Report to the Nations: 2018 Global Study on Occupational Fraud and Abuse, construction companies lose a median loss of $227,000. What can you do to protect your construction business? Adopt this checklist.