The U.S. Election Outcome Likely to Have Major Impact on Taxes

by Lori Bowden | Dec 4, 2024 | Business, Individuals, Newsletter, Taxes

Having won control of the White House, the Senate and the House of Representatives, Republicans will have the opportunity to move forward their vision for federal taxes. What might this mean? First, many provisions in President-Elect Donald Trump’s signature tax...

Tax-Saving Moves Businesses Should Consider Before Year End

by Lori Bowden | Nov 3, 2024 | Business, Newsletter, Taxes

Now is a good time to consider year-end moves that can help reduce your business’s 2024 taxes. The effectiveness of a particular action depends on the circumstances of your business. Here are several possibilities. Time Income and Deductions A tried-and-true tactic...

Want to Find Out What IRS Auditors Know About Your Industry?

by Lori Bowden | Nov 2, 2024 | Business, Newsletter, Taxes

To prepare for a business audit, an IRS examiner generally researches the specific industry and issues on the taxpayer’s return. Examiners may use IRS Audit Techniques Guides (ATGs). A little-known secret is that these guides are available to the public on the IRS...

Boost Morale and Save Taxes with Achievement Awards

by Lori Bowden | Oct 3, 2024 | Business, Newsletter, Taxes

Some small businesses struggle with employee morale for a variety of reasons, one of which may be economic uncertainty. If you want to boost employees’ spirits without a big financial outlay, an achievement awards program is a relatively low-cost fringe benefit that...

The Rise of Check Kiting and Other Check Fraud

by Lori Bowden | Oct 2, 2024 | Business, Fraud, Newsletter

While the use of paper checks has greatly diminished, thieves still view them as a source for stealing revenue. In fact, the Financial Crimes Enforcement Network warns that many thieves are returning to old-fashioned financial theft, using paper checks. That’s one...

Are You Aware of the Business Credits and Other Tax Benefits Available?

by Lori Bowden | Sep 5, 2024 | Business, Newsletter, Taxes

It’s a challenging time for many businesses. Therefore, any help you can get, such as tax incentives and sales tax exemptions, can make a big difference. Unfortunately, these benefits often go unclaimed because businesses don’t know about them or erroneously think...