Blog
You Can’t Beat The IRS With A Dead Horse
Some people seem to think the IRS will overlook just about anything. But a dead horse? That’s hard to miss. When a California-based horse enthusiast and IT business owner’s last horse died in...
How Employee Theft Could Destroy Your Business
If you’re a business owner, you may feel that you’ve built up a sixth sense when it comes to choosing the right business partners and customers. Fraud is all around us these days, after all,...
It Can Take 10 Years To Retire Right, And Here’s Why
Meet Ted. Ted is a C Corp owner who is ready to retire by selling his $1 million worth of stock in the business. Not a bad retirement, right? Let’s take a closer look. The long-term capital...
Joe Biden’s Bold Tax Loophole
In case you missed it, presidential candidate and former Vice President Joe Biden released his tax returns this summer. He makes a lot, but that’s not what has business owners and accountants...
Bonus Depreciation Relief For Some 2017-18 Purchases
The IRS will now permit taxpayers to change their bonus depreciation treatment for property acquired after Sept. 27, 2017, and placed in service during a tax year that includes Sept. 28,...
No Uber For The Tax Man
Are auditors and other IRS agents allowed to get a ride from a ridesharing service--or even a friend or family member--to a taxpayer’s home or place of business? It depends on whether doing so...
Five IRS Audit Mistakes To Avoid
The IRS audits about 1 million taxpayers each year. While the agency is understaffed, that doesn’t mean you’ll slip through the cracks. IRS software automates the selection process now by...
5 IRS Audit Mistakes To Avoid
The IRS audits about one million taxpayers each year. While the agency is understaffed, that doesn’t mean you’ll slip through the cracks. IRS software automates the selection process now by...
Taxability Of Employee Snacks Versus Meals
Here’s something to chew on: The IRS continues to clarify its position on deducting the cost of free food provided to employees. This time, office snacks get a delicious boost while other meals...
The Downside To Overworking
Always working? New research shows a startling downside for being overly “productive.” It doesn’t work, and it can actually shorten your life. Researchers at Columbia University Medical...