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...
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...
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...
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...
by Lori Bowden | Sep 4, 2024 | Business, Individuals, Newsletter
If you’re a business owner, your company is likely your most valuable asset. To ensure it survives after you’re gone, you first need a succession plan that will provide a smooth transition of the business to one or more of your children (assuming you want to keep it...
by Lori Bowden | Sep 1, 2024 | Business, Newsletter, Taxes
The Internal Revenue Service (IRS) has recently announced significant updates to the Employee Retention Credit (ERC) program, which is vital for all businesses that have claimed or are considering claiming the credit. Here’s what you need to know: Lifting of the ERC...
