Protect Your Practice from the Many Forms of Fraud
In its Occupational Fraud 2022: A Report to the Nations, the Association of Certified Fraud Examiners estimated that the average organization loses 5% of its annual revenue to fraud. Physician…
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Tips to Help Prevent Accounting and Tax Errors
Although failing to file a Form 990 with the IRS when required to do so is probably a more serious mistake, filing it with data errors isn’t recommended. Similarly, your not-for-profit…
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The Case for a Digital Construction Enterprise
The construction industry has always been all about mobility. Yet many contractors continue to hold on to paper processes that keep employees — and project information — unnecessarily tethered to…
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Reading the Tea Leaves: Potential Tax Legislation in the Nnew Congress
The 2022 mid-term election has shifted the scales in Washington, D.C., with the Democrats no longer controlling both houses of Congress. While it remains to be seen if — and…
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How to Minimize the S corporation LIFO Recapture Tax
If you’re considering converting your C corporation to an S corporation, be aware that there may be tax implications if you’ve been using the last in, first out (LIFO) inventory…
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Federal Tax News for Individuals
1. Energy Efficient Home Tax Credit FAQs The IRS recently updated its FAQs regarding the Energy Efficient Home Improvement (EEHI) Tax Credit. As amended by the Inflation Reduction Act, the…
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