Your Business Is at Risk of Fraud in 2021
Be on the alert: Scams involving employee theft and embezzlement, cyber fraud, vendor payments, and more are on the rise—at a rate of 79% more fraud since May. The Association of Certified Fraud Examiners (ACFE) spent the past year studying how the COVID-19 pandemic has affected business and employee fraud. The news isn’t good, unfortunately. […]
What’s New from the IRS?
The IRS issued several final rules and other tax announcements at the close of 2020. Several may affect your upcoming tax filing, particularly if you’re a business owner. Take a look at the following examples: Charitable Extras If you were a generous giver in 2020, the federal government wants to reward you. C Corporations can […]
PPP Loan Changes and an Intro to PPP2
Did you receive a federal Paycheck Protection Program (PPP) loan in 2020? Do you need additional funds in 2021? With the newest COVID-19 relief bill that passed in December 2020 comes some critical changes, whether you’re hoping for new funding in 2021 or figuring out how to deduct and compute any 2020 PPP funds you […]
Relying on Social Security Is Risky
You worked your entire life for this. So, why not take full advantage of Social Security benefits the moment you can? There’s some merit to that way of thinking, but the reality isn’t as rosy. Relying on Social Security for the long haul — and to fund a significant portion of your retirement — is […]
Relying on Social Security Is Risky
The maximum payout in 2021 has increased $1,644 a year for high-wage earners who meet the criteria and qualify for full-time retirement But the payroll tax that funds Social Security is rising, too. In 2021, the maximum earnings subject to the Social Security payroll tax will be from $137,700 TO $142,800, an increase of $5,100. […]