Do You Pay Employees “Reasonable” Compensation?In general, employee compensation, such as wages and salaries, is taxable to workers and deductible by their employers. However, the IRS...Read More
Don’t Let Your Industry Be Your Fraud DestinyOccupational fraud risk isn’t necessarily shared evenly by all business sectors. Certain industries — for example, construction, real estate, manufacturing and...Read More
Make the Most of the General Business CreditTax credits are far more valuable than tax deductions. Unlike a deduction, which reduces a business’s taxable income, a credit...Read More
How to Trim the Fat From Your InventoryInventory is expensive enough as it is — that’s why the leaner, the better. Businesses that carry inventory need to view...Read More
Sailing the Seas of Business on a Healthy Cash FlowPulling in revenue that will ultimately boost the bottom line is every business’s goal. However, keeping your company in prime shape...Read More
Wrapping Up the Tax Rules for Business GiftsDuring the holiday season, your company may want to give gifts to valued customers, as well as some or all staff...Read More
Fraud Prevention Strategies for Entrepreneurs and Small BusinessesFraud occurs in companies of every size. But small businesses, especially new ones, have special risks because they generally can’t invest...Read More
Does Your Business Need a Temporary or Part-Time CFO?Does your company need a chief financial officer but can’t afford to hire one full time? Or does it simply need...Read More