Should You Convert From a C to an S Corporation?
The best choice of entity can affect your business in several ways, including the amount of your tax bill. In some cases, businesses decide to switch from one entity type […]
Category: Articles
Deadline to Expend Ohio CRF Extended and Other Stimulus Bill News
Some good news as we approach the end of 2020. President Trump signed the $900 billion pandemic relief bill into law on December 27, 2020. Following is a summary of […]
Preparing a Fraud Case for Law Enforcement
If you’ve caught an employee stealing from your company, you may think that turning the person over to the police will result in prosecution. That’s not necessarily true. Law enforcement […]
2021 Q1 Tax-Related Deadlines
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2021. Keep in mind that this list isn’t all-inclusive, so there may […]
Congress Passes $900 Billion COVID Relief Bill
The U.S. Senate and House of Representatives passed a $900 billion COVID-19 relief bill 12/21, that provides $600 stimulus payments to individuals, adds $300 to extended weekly unemployment benefits, and provides […]
Update on $900 Billion Stimulus Bill
Congress is set to vote on a $900 billion pandemic relief package, finally delivering long-sought cash to businesses and individuals. The package includes a new round of Paycheck Protection Program […]
HHS Begins Payment of over $24 Billion in Phase 3 Provider Relief Funds
Health Resources and Services Administration (HRSA) has completed review of Phase 3 applications from the Provider Relief Fund (PRF) program and has begun to distribute $24.5 billion to over 70,000 […]
Prevent Retail Return Fraud From Damaging Holiday Profits
For most retailers, this is the most profitable season of the year. However, customer returns in January can cut deeply into December revenues — particularly if the returns are fraudulent. […]
Drive More Savings to Your Business With the Heavy SUV Tax Break
If you are considering replacing a car that you’re using in your business, there are several tax implications to keep in mind. A cap on deductions Cars are subject to […]
Nonprofits: How to Acknowledge Donor Gifts
Holiday-inspired generosity and the desire to reduce tax liability makes the end of the year a busy time for charitable giving. According to Network for Good and other sources, approximately […]
When Investigating Fraud, Beware of Bias
Despite our best intentions, almost everyone brings some bias to human interactions — even business owners and executives investigating fraud. Sometimes bias can lead to the right conclusion. However, bias […]
QBI Deduction Basics & a Tax Tip That Might Help You Qualify
If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes this is referred to as the pass-through deduction or the […]
