Blog
Clearing The Path For Business Property Tax Breaks
While President Trump’s new administration works vigorously to unravel many of the programs put in place by President Obama, the Protecting Americans from Tax Hikes (PATH) Act of 2015 remains...
Leasing Versus Buying Under The New Section 179
Now that the IRS Section 179 deduction permanently offers small businesses an immediate expense deduction of up to $500,000, some of the property you may have leased in the past could serve you...
Tracing Holocaust Victims’ Assets: An Investigative Auditor’s Perspective
1996, United States Senator Alfonse M. D’Amato, Chairman of the Senate Banking Committee, began an inquiry into Swiss banks’ involvement in hiding Holocaust victims’ assets. Specifically, the...
Growing Business, Mounting Employment Taxes: A Bankler Case Study
Business growth is great. It’s the American dream. But without the right team on your side, the IRS can quickly turn that dream into a nightmare. “I failed to realize that middle...
Divorce And The Family Business
You won’t own your business forever. Many small business owners neglect to acknowledge that simple fact. Perhaps your exit will be planned to perfection and you’ll either sell to a third-party...
Employee Fraud Is More Common Than You Think
Is someone at your business “cooking the books” behind your back? Don’t bet against it. According to the Association of Certified Fraud Examiners (ACFE), small businesses (with fewer than...
Don’t Be Fooled: How You Can Detect Business Fraud
I’ve spent decades investigating business fraud as a forensic accountant and expert witness, often at the state and federal levels. The lessons I’ve learned about human behavior and motivation...
Exit Strategies: A Lesson From The Trenches
When Randy Smith started his own business at 28 years old, he truly set out on his own: with no partners and no investors. What he envisioned with his point-of-sale technology company, he...
How Much Is Your Business Really Worth?
While it may seem like it now, you won’t be running your business for all eternity. At some point, you’ll likely retire from or sell your company. To that end, you’ll need an exit strategy....
The Social Security Tax Trap
Taxes are behind one of the oldest business-owner curses: The more you pay yourself, the more it could cost you in the long run. A huge culprit in this scenario is the Social Security tax. Most...