Blog
Your responsibility for fraudulent credit or debit card charges?
March 22, 2018
If someone steals your credit or debit card — or just your account number — and uses it to make purchases, will your card company hold you liable? The answer may depend on the type of card, whether the physical card is still in your possession and when you alert the card issuer.
Families with college students may save tax on their 2017 returns with one of these breaks
March 9, 2018
Whether you had a child in college (or graduate school) last year or were a student yourself, you may be eligible for some valuable tax breaks on your 2017 return.
TCJA temporarily lowers medical expense deduction threshold
March 9, 2018
With rising health care costs, claiming whatever tax breaks related to health care that you can is more important than ever. But there's a threshold for deducting medical expenses that may be hard to meet. Fortunately, the Tax Cuts and Jobs Act has temporarily reduced the threshold.
2017 tax filing deadline for pass-through entities is March 15
March 5, 2018
When it comes to income tax returns, April 15 isn't the only deadline taxpayers need to think about.
Why employees steal — and what you can do about it
March 5, 2018
It’s not easy for companies to spot dishonest employees. So in addition to shoring up your internal controls, you should also foster an ethical business culture. Promote and reward honesty and punish those who violate rules.
Personal exemptions and standard deductions and tax credits, oh my!
February 16, 2018
Under the Tax Cuts and Jobs Act (TCJA), individual income tax rates generally go down for 2018 through 2025. But that doesn't necessarily mean your income tax liability will go down. The total impact of all of these changes is what will ultimately determine whether you see reduced taxes.
Meals, entertainment and transportation may cost businesses more under the TCJA
February 16, 2018
The TCJA’s changes to deductions for meals, entertainment and transportation expenses may affect your business’s budget. Depending on how much you typically spend on such expenses, you may want to consider changing some of your policies and/or benefits offerings in these areas.
Building a successful fraud risk management program
January 25, 2018
Despite the real threat of fraud, too many businesses fail to adopt comprehensive, integrated fraud risk management programs. If you've put off taking this important step toward protecting your company, now is the time to act.
Bonus depreciation temporarily expanded as part of the TCJA
January 16, 2018
The Tax Cuts and Jobs Act (TCJA) enhances some tax breaks for businesses while reducing or eliminating others. One break it enhances — temporarily — is bonus depreciation. While most TCJA provisions go into effect for the 2018 tax year, you might be able to benefit from the bonus depreciation enhancements when you file your 2017 tax return.
File early to avoid becoming a victim to tax identity theft
January 9, 2018
The IRS has just announced that it will begin accepting 2017 income tax returns on January 29. You may be more concerned about the April 17 filing deadline, or even the extended deadline of October 15 (if you file for an extension by April 17). But it can be a good idea to file as close to January 29 as possible: Doing so helps protect you from tax identity theft.
Tax Cuts and Jobs Act: Key provisions affecting businesses
December 26, 2017
The recently passed tax reform bill, commonly referred to as the "Tax Cuts and Jobs Act" (TCJA), is the most expansive federal tax legislation since 1986. It includes a multitude of provisions that will have a major impact on businesses.
2018 401(k) contribution limit increase
December 22, 2017
401(k) retirement plan contribution limit increases for 2018; most other limits are stagnant.