Small Business Year End Reminders

Small Business Year End Reminders As we say farewell to 2017, we hope you’ve had a good year and look forward to a successful 2018. Take note of some important year-end information below: Tax Deadlines December 31 – For Cash Basis taxpayers Year End bonuses to corporate owners must be paid to be deductible; simply accruing them is not acceptable. … Read More

You’re a business owner with lots of back taxes – Now what?

The stress of owing the IRS money can be crippling. The IRS can place a lien on your property or even levy your bank account. For whatever reason, you’ve gotten into a tough situation but how do get out? Here are a few options the IRS offers to help. 1. Offer in Compromise (OIC): With an OIC, you offer the … Read More

What’s the difference between the house and senate tax bill so far?

Here’s how the Senate proposal, summarized by the Joint Committee on Taxation, compares with the House version so far on some key areas, as of today. Please note this is not law yet and is to provide awareness of potential planning opportunities:  INDIVIDUAL Income Tax brackets   WHAT’S IN THE SENATE BILL: The Senate would include seven individual brackets with these taxable income thresholds for married … Read More

Congratulations to Brad Kanter on his CFE Certification!

According to the ACFE, the designation Certified Fraud Examiner (CFE) is “Recognized as the ‘Gold Standard” and requires a comprehensive understanding of the following major disciplines of fraud examination:   1. Fraud Prevention and Deterrence 2. Financial Transactions and Fraud Schemes 3. Investigation 4. Law/Litigation Questions for Management: Are you vulnerable to fraud? Do you have adequate controls in place … Read More