With so many tax issues still undecided since it is an election year, December will be a time for quick adjustments to income and deductions for some people. Although acceleration and deferral strategies are often used to reduce the tax burden, this year it may be more beneficial then ever. Read More »
In a report released this summer of an audit completed by Treasury Inspector General for Tax Administration on the IRS, the government and the tax payers are being swindled. Over 1.5 million fraudulent tax returns were filed last year, adding up to over $5 billion in lost tax revenue. Although they prevented almost a million other fake tax returns from being filed that would have cost the government over $6.5 billion more, the cost is still very high. Read More »
Keeping a secret is hard. Keeping a business trade secret that is worth money to the competition is even harder. Even small businesses can have trade secrets, also as known as intellectual property, stolen, whether it is the recipe to a special seasoning or the newest technology design. Knowing how to protect your intellectual property can save you money and possible losses down the road. Read More »
Starting a small business isn’t easy. It can be one of the biggest undertakings of your life. As you prepare, it’s wise to look for some help. If you are like many budding entrepreneurs, you’re going to be as affordable as possible. Here are a few sources of free help to get your small business started right. Read More »
A trucker and an accountant walk into a restaurant. . .
It sounds like the beginning of a joke, but it isn’t. More and more over-the-road truckers, whether they own and operate more than one truck or even if they are company drivers, are turning to professional accountants to help them navigate the miles of paperwork that they’re faced with throughout the year. An accountant can not only simplify life for a driver, but also protect the driver from making costly financial errors. Read More »