5 Things You Can do to Minimize the Effects of Identity Theft By: Tony LaNasa No one wants to be a victim of identity theft. But, in a world where more of us spend using credit cards, debit cards or online, identity theft is running […]
Preventing phoenix companies from taking flight with your money By: Tony LaNasa Bankruptcy (or liquidation) can be a valid business tool when used properly. Unfortunately, it can also enable less-than-honest business owners to profit at the expense of their creditors. Such is […]
5 Facts about the New 1040 Form By: Ed Decker We’ve been hearing for months that there are big changes to the tax forms. While it’s true there are several changes, if you file electronically, you may not notice them. […]
Beware the Ides of March — if you own a pass-through entity By: David M. Reape Shakespeare’s words don’t apply just to Julius Caesar; they also apply to calendar-year partnerships, S corporations and limited liability companies (LLCs) treated as partnerships or S corporations for tax purposes. […]
How to convince donors to remove “restricted” from their gifts By: Helen Weeber Restricted gifts — or donations with conditions attached — can be difficult for not-for-profits to manage. Unlike unrestricted gifts, these donations can’t be poured into your general operating fund and […]
Ticket scams: When the price of admission is too high By: Tony LaNasa Concert, sporting and other event tickets can go for astronomical prices — when they’re even available. Hoping to find reasonably priced tickets (or to find tickets at all), many consumers […]
Here’s How Taxpayers Can Pay Their Taxes By: David M. Reape No on likes to pay taxes. But the IRS is trying to make it easier by offering several different ways for taxpayers to pay their tax liability immediately, or arrange to pay […]
Foundation Center and GuideStar are Candid By: Helen Weeber GuideStar is now Candid! Earlier this week GuideStar announced they were joining Foundation Center to form a new nonprofit organization, Candid. Candid combines the resources of GuideStar and Foundation center […]
How fraud experts help companies head off bad mergers By: Tony LaNasa Mergers and acquisitions are filled with risks, some of them unavoidable. But buyers can avoid risks associated with cooked books and other forms of deceptive accounting used by a seller […]
Fundamental tax truths for C corporations By: David M. Reape The flat 21% federal income tax rate for C corporations under the Tax Cuts and Jobs Act (TCJA) has been great news for these entities and their owners. But some […]
Is your nonprofit ready for a raffle? By: Helen Weeber Raffles are popular fundraisers for not-for-profits. But they’re subject to strict tax rules. State laws on nonprofit-sponsored raffles can vary significantly, but nonprofits must comply with federal income tax requirements […]
Are your employees flying the red flags of fraud? By: Tony LaNasa Forensic accountants are best qualified to unearth the “hows and whys” of occupational fraud. But it’s up to employers to know when it’s time to call for professional help in […]