Whether your business is the law, or a business with accounting or asset protection needs, our business has been “Solving clients’ problems" since 1977.

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Liberty Tax Settles Federal Fraud Case

  • 14 January 2020
  • Author: Cari Holbrook
  • Number of views: 14
  • 0 Comments
Liberty Tax Settles Federal Fraud Case

Just because a nationwide tax preparation company is well known doesn’t mean the advice given by its representatives is wise or even legal. Liberty Tax Services drove home that point earlier this month. It settled with the federal government for failing to maintain adequate controls over tax returns prepared by its franchisees and, in some cases, overlooking fraud. 


5 Business Money Resolutions to Keep in 2020

  • 20 December 2019
  • Author: Cari Holbrook
  • Number of views: 157
  • 0 Comments
5 Business Money Resolutions to Keep in 2020
As we roll into 2020, it’s time to focus on making it the best year yet for your business. That means staying on top of changing regulations, pivoting with the changing needs of your business and financial goals, and addressing some nagging business decisions that may be long overdue.

How Sales Tax Affects Your Bids

Building Savvy

How Sales Tax Affects Your Bids
Correctly estimating your bids is essential to creating trust with your customers and, yet, many factors can throw a project’s original price tag out the window. These often include elements mostly out of your control, such as working with inaccurate specifications, getting hit with rising material and labor costs, and more.

TurboTax's $216 Million Tax Filing Mistake

  • 17 December 2019
  • Author: Cari Holbrook
  • Number of views: 164
  • 0 Comments
TurboTax's $216 Million Tax Filing Mistake
Who knew part-time work at a thrift store could be so lucrative? Donna Smith was shocked to discover a tax bill from the IRS claimed she owned $216 million in taxes from the modest $10-an-hour job.

Scams that Target Veterans and/or Pose as Veteran Charities

  • 10 December 2019
  • Author: Cari Holbrook
  • Number of views: 168
  • 0 Comments
Scams that Target Veterans and/or Pose as Veteran Charities

Scams involving military veterans are on the rise. These scams fall into two separate categories: those that target military members and veterans and those that pose as veteran charities asking for donations.

Home Sweet Home Office Deductions

Building Savvy

Home Sweet Home Office Deductions
Work from home regularly? Many people do these days. Thanks to technology, an increasing number of executives and business owners find that working from home can be just as productive as heading into the office. You can even get a tax deduction for your home office if you meet IRS criteria.

Our Annual Charitable Giving Guide

  • 26 November 2019
  • Author: Cari Holbrook
  • Number of views: 161
  • 0 Comments
Our Annual Charitable Giving Guide

It’s the most wonderful time of the year! In this season of giving, we’re bringing you our annual charitable contribution tips. How can you make your giving stretch and how can you ensure it goes to those who need it most? Let’s take a look.

 

Problems Linger With 100% Bonus Depreciation

  • 19 November 2019
  • Author: Cari Holbrook
  • Number of views: 192
  • 0 Comments
Problems Linger With 100% Bonus Depreciation

Since the Tax Cuts and Jobs Act (TCJA) raised bonus depreciation from 50% to 100% for the first year property is placed in service, many business owners have benefitted. The IRS also extended the definition of qualified property to include assets like used property. However, there are still businesses left out in the cold.

When a POS System Turns Into Tax Evasion

  • 12 November 2019
  • Author: Cari Holbrook
  • Number of views: 238
  • 0 Comments
When a POS System Turns Into Tax Evasion

Sales suppression software has been around for a while, but the government is getting more serious about sniffing it out. The software, commonly called tax zapper software, is used to modify sales reports generated by point of sale (POS) software systems for the purpose of reducing taxable income by underreporting sales.

Giving Back And Your Taxes

Building Savvy

Giving Back And Your Taxes
‘Tis the season for giving, but consider how recent tax changes affect your charitable contributions before you open your wallet. Whether your donations result in lower taxes depends on highly individualized factors. Seemingly huge tax breaks may not pan out for even generous givers who haven’t rethought their tax strategies. Those strategies now include tools like donor-advised funds.
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