Preventing Workplace Fraud & Collusion
According to the Association of Certified Fraud Examiners, the financial toll of occupational fraud grows exponentially with collusion. A single fraud perpetrator causes a median loss of $75,000. When two […]
Category: Business Advisory
BOI Injunction Reinstated, Reporting Paused Again
For business owners, monitoring the rules for BOI reporting this month has been like watching a ping pong match. As of Friday, December 27, the requirement to file a beneficial […]
BOI Reporting Deadline Reinstated
On 12/23/24, the 5th Circuit Court of Appeals granted the government’s emergency motion to stay the nationwide injunction issued in the Texas Top Cop Shop case. This means that businesses […]
Prepare for 2025: Social Security Wage Base Set to Increase
As 2025 approaches, there are important changes to the Social Security wage base. The Social Security Administration recently announced that the wage base for calculating Social Security tax will increase […]
Protecting Your Business from ATM Skimming Threats
ATM skimming, where criminals use concealed digital devices to steal credit and debit card information, is a serious threat that can lead to major financial losses for businesses. The FBI […]
2024 Q4 Tax Deadlines: Key Filing Dates Every Business Must Know
Below are some of the key tax deadlines that businesses and employers need to be aware of for the fourth quarter of 2024. However, note that this list is not […]
Alert: Does BOI Reporting Apply to Your Business?
This is a reminder that your business may be required to comply with new beneficial ownership information (BOI) reporting rules that took effect in 2024. Who needs to be aware […]
New Reporting Requirement for Businesses
Attention business owners! Effective 1/1/2024, many businesses are now subject to a new requirement to file a report of Beneficial Ownership Information (BOI) with the Financial Crimes Enforcement Network (FinCEN). […]
To Tax Affect or Not to Tax Affect? A Key Question when Valuing a Pass-Through Business
Most U.S. businesses operate as so-called “pass-through” entities, including partnerships, limited liability companies (LLCs) and S corporations. For decades, the IRS and valuation professionals have been at odds over how […]
Is an S corporation the best choice of entity for your business?
Are you thinking about launching a business with some partners and wondering what type of entity to form? An S corporation may be the most suitable form of business for […]
