Please read this article to protect yourself from IRS impersonation scams. Even if you think you would never be vulnerable to these attacks, be aware that the current scammers (posing as the IRS) are incredibly convincing and intimidating and no one is immune to their tactics. The scammer will make it feel impossible to ignore…
Details
In no other industry is fraud more prominent than in the construction industry. In fact, data from a recent fraud study released by the Association of Certified Fraud Examiners (ACFE), makes this point. According to the report, the median fraud loss among construction firms in the study was $245,000, nearly twice the rates for companies…
Details
If you think you might be inheriting property in the future, you need to consider the tax implications. The tax implications could be very different depending on whether you choose to receive it as a gift or inheritance. You should consider the inheritance taxes and gift taxes before transferring property. Inheriting property In most cases,…
Details
Small and medium-sized businesses often view accounting and bookkeeping as a necessary evil. Even innovative business owners might not realize their accounting technology needs a serious overhaul. SALY (Same as last year) won’t allow you to make decisions necessary to move towards success. If you answer no to any of these 3 questions, then it’s…
Details
A number of years ago I had my purse and wallet stolen. If you’ve ever experienced a theft like this, you’re familiar with the flood of unnerving thoughts that seen to haunt you for a while. Will the person misuse my identity? What risks does this now expose me to? A few months ago I wrote…
Details
I recently attended a class held by the IRS which focused on many issues that we face as taxpayers and practitioners but the most alarming was the current epidemic, Identity Theft, and identity theft scams. The Federal Trade Commission (FTC) estimates that as many as 9 million Americans have their identities stolen each year. It’s…
Details