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Employee fraud costs industries billions of dollars a year. It’s important to be aware of the potential for misdoings in your healthcare practice, organization or business and take steps to prevent them by closing down opportunities. Ensure that your internal controls are designed to provide maximum protection. What is it? The most common forms of…

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Many businesses have suffered financial losses due to the COVID-19 crisis. Some may even be on the verge of bankruptcy or otherwise looking for an exit strategy. Fortunately, there’s an upside: Adverse market conditions can create opportunities for investors with excess cash and access to capital to acquire and then turn around distressed businesses. Here’s some…

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In the COVID-19 era, many parents are hiring nannies and babysitters because their daycare centers and summer camps have closed. This may result in federal “nanny tax” obligations. Keep in mind that the nanny tax may apply to all household workers, including housekeepers, babysitters, gardeners or others who aren’t independent contractors. If you employ someone…

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Stay steady in a troubled economy The novel coronavirus (COVID-19) pandemic has done severe economic damage to many U.S. businesses, and it will likely take considerable time to recover. Here are some tried-and-true suggestions to help keep your business on the right track. Cutting back strategically While it may seem obvious that in a faltering…

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Now that your  tax return has been successfully filed with the IRS, there may still be some issues to bear in mind. Here are three considerations. 1. Some tax records can now be thrown away You should keep tax records related to your return for as long as the IRS can audit your return or…

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By Doug Collins, CPA, Partner Nisivoccia LLP The Tax Cuts and Jobs Act (TCJA) brings both opportunities and concerns to the planning and execution of merger & acquisition transactions. It can provide advantages to both sellers and buyers if deals are structured with a full understanding of these changes to the tax code. The TCJA predominately…

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Traditionally, many Americans have viewed 65 as a target retirement age. However, there’s usually no legal requirement that you retire when you turn 65. Most Americans are free to retire either after or before this age, if they have the financial resources to do so. Many people dream of retiring early so they can pursue…

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