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 […]
Category: Articles
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 […]
Claim the Employee Retention Tax Credit
The Employee Retention Tax Credit (ERTC) is a valuable tax break that was extended and modified by the American Rescue Plan Act (ARPA), enacted in March of 2021. Here’s a […]
SBA Plans to Make Loan Forgiveness Easier
UPDATE: The SBA has officially dropped the PPP Loan Necessity Questionnaire from the forgiveness process. Read the updated article. There are recent reports that the Small Business Administration intends to […]
Is your nonprofit complying with federal procurement requirements?
“Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards” (Uniform Guidance) applies to all not-for-profits that accept federal funding. It has been updated and amended several times, most […]
Traveling for business again? What can you deduct?
As we continue to come out of the COVID-19 pandemic, you may be traveling again for business. Under tax law, there are a number of rules for deducting the cost […]
Don’t Let Fraud Ruin Your Restaurant Reopening
Most restaurants are finally reopening to in-person dining. And while you may now be thinking about luring customers back, hiring enough workers, and managing supply-chain shortages, one issue has remained […]
Collective impact projects find strength in numbers
Collective impact projects are collaborations between not-for-profits, government, businesses, and communities with the goal of achieving challenging and complicated social objectives. They can succeed in ways that simply aren’t available […]
The risks — and rewards — of accepting cryptocurrency payments
To use their ill-gotten cash, criminals must make it appear legitimate. That’s the job performed by money launderers, who increasingly use cryptocurrencies. According to digital currency analytics company Elliptic, crooks […]
