Can my small business can be hit with the “Trust Fund Recovery Penalty?”
There’s a harsh tax penalty that you could be at risk for paying personally if you own or manage a business with employees. It’s called the “Trust Fund Recovery Penalty” […]
Category: Articles
The IRS Dirty Dozen 2021 – Part 4
12. Promoted abusive arrangements We presented you the first 3 parts of the IRS’ “Dirty Dozen” list of tax scams last week. Today, HW&Co. wraps up the list with a […]
Cryptocurrency donations: Will your nonprofit accept them?
Cryptocurrency has gone mainstream, and if you’ve been sitting on the fence about accepting donations in virtual currency, it’s time to make a decision. But before your not-for-profit says “yes” […]
How fraud perpetrators target military personnel and veterans
According to the Federal Trade Commission, veterans lost approximately $60 million to fraud in 2020. Active-duty military personnel and their spouses and dependents also suffered big financial losses to fraud […]
Provider Relief Fund Reporting Portal is Now Open
The long-awaited Provider Relief Fund (PRF) Reporting Portal is now open for reporting on the use of PRF funds received. The HW&Co. article, Revised PRF Reporting Requirements including Extended Time to […]
The IRS Dirty Dozen 2021 – Part 3
Yesterday, we presented the 2nd installment of the IRS’ Dirty Dozen 2021, revealing scams that use email, text, social media messages, or phone calls to get personal information, with the […]
Tackling Volunteer Liability Issues
During the pandemic, your not-for-profit may have been forced to operate without your dedicated volunteers. It has probably come as a great relief to welcome them back in person. However, […]
The IRS Dirty Dozen 2021 – Part 2
Yesterday we introduced the first installment of the IRS’ Dirty Dozen — its annual list of the top tax scams that victimize many unsuspecting people. We feel it’s important to […]
Money Made from a Hobby MAY be Taxable
Many people are engaged in hobby activities that are also a source of income. For example, some people started selling masks and other handmade items during the pandemic. These people […]
Fraud Lurks: Business Risk Assessment – For YOUR Business
This is the fifth installment of our “Fraud Lurks” series. Like any good mini-series, each article can stand on its own but is most valuable when read in context with […]
Are you liable for fraudulent credit and debit card charges?
Credit and debit card fraud was already a big problem when COVID-19 hit. Although how much payment card fraud increased in 2020 depends on the source, most experts agree that, […]
The IRS Dirty Dozen – 2021
At HW&Co., we believe that a conversation can change everything. Talking about an issue can bring understanding; discussing a risk can help to avoid it. In that vein, let’s talk […]
