Aug 16, 2022
As COVID-19 relief for small businesses fades away, about 1 million PPP loans remain unforgiven. Roughly 9% of businesses that received PPP loans haven’t filed for forgiveness. A handful who did were denied or are still awaiting an answer. If you have a PPP...
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Jul 12, 2022
Tax Court recently upheld a $300,000 tax bill for a retired professor who followed the advice of embassy officials and his CPA when it came to reporting foreign income. It’s an essential lesson for anyone who has ever lived, worked, or held assets in another country...
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Jun 21, 2022
Ever been so far behind on paperwork or sorting mail that you were tempted to throw it all away and start fresh? That’s what the IRS did with 30 million business taxpayer documents received in 2020. The agency admits an “inability to process backlogs of paper-filed...
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Jun 14, 2022
How did a giant tech company lose $5+ million due to one employee’s act of vendor fraud, and how can small businesses learn from their mistake? A former HP, Inc. (HP) employee recently pleaded guilty to defrauding the company out of more than $5 million related to...
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Jun 7, 2022
Steven Bankler, CPA, Ltd. has been named to the San Antonio Business Journal’s Best Places to Work and we couldn’t be more thrilled!Winners are based on anonymous employee surveys gauging employee satisfaction in six key areas, such as trust in leadership and...
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Mar 8, 2022
It’s not the first time the IRS has backed away from a terrible idea after public outcry, but it is one of the more confounding instances. Last November, the IRS announced that it would require a live video selfie through facial recognition technology to authenticate...
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