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The deadline is approaching for US taxpayers to report accounts they hold in foreign banks and other financial institutions (foreign account holdings). You also may be required to report foreign account…
Who’s subject to the 50% limit on tax deductions? In general, when meal and entertainment expenses are incurred in the context of an employer-employee or customer–independent contractor relationship, one party…
Tax Filing Deadlines Not Just April 15th Do you file a paper tax return? If so, it’s important that you know the IRS’s “timely mailed = timely filed” rule: Your…
Three tax traps when donating real estate to charity If you’re considering donating a property to charity, we have three potential tax traps you need to make sure to avoid:…
What do those monthly financial statements mean? For non-accountants, financial results can be confusing. Terms like balance sheet, working capital, EBITDA, etc. are tossed around freely like some sort of…
The Top Three Personal Financial Pitfalls to Avoid There are three financial strategies that seem to make good financial sense at first glance, but have the potential for abuse. Here…
Don’t Let Fraudsters Have Your Refund With security breaches happening every day at major retailers, identity theft and fraud is likely on your mind, and stolen credit isn’t your only…
Tax Break: Summer Day Camp The passing of Memorial Day marks the beginning of summer. Although the kids might still be in school for another week or two, summer day…
This Stock Election Could Save You Money Restricted stock is stock that’s granted subject to a substantial risk of forfeiture. Income recognition is normally deferred until it is no longer…
Nasty numbers on Financial Statements Financial statements show not only where a construction company stands financially, but also where it may be headed. Contractors who work with their financial advisors…