How your construction contracts can help strengthen cash flow
All businesses experience the ebbs and tides of cash flow at some time or another. But it can be particularly hard if your construction company is experiencing hard times. Fortunately,…
Use These Three Tax Credits on Your 2014 Return
Tax extenders for businesses The Tax Increase Prevention Act of 2014 (TIPA) extended through Dec. 31, 2014, a wide variety of tax breaks, including many tax credits which are particularly…
Fraud and Your Employees’ Expectation of Privacy
Prevent Fraud – Write it Down Employers can effectively reduce their potential fraud liability for violations involving workplace searches by lowering employees’ expectation of privacy in the workplace. The best…
Internal Control Framework Changes: The impact to your company
The new COSO framework doesn’t impact me. Does it? There has been a lot of buzz recently and rightfully so about the changes made to the internal control framework as…
Reduce Your 2014 Tax Bill with a New Car
Buying a business vehicle before the end of the year may reduce your tax bill. If you’re looking to reduce your 2014 tax bill, you may want to consider purchasing a business…
Tax Advantage for Business Income
Timing business income and expenses to your tax advantage. Typically, it’s better to defer tax. Here are two timing strategies that can help businesses do this: Defer income to…
Internal Controls for Business Owners to Use Today
Tightening Internal Controls can Protect your Company By Reggie Novak, Senior Manager, CPA, CFE, Ciuni & Panichi, Inc. In today’s fast-moving marketplace, businesses face numerous challenges, including management of security…
Tax Relief – Make the most of your Net Operating Loss
Turn your business loss into a tax gain! If during the income tax return filing year, you found that your business had a net operating loss for the year, the news at tax…
Additional Medicare Tax – Are you Withholding Enough?
Employers Need to Watch Additional Medicare Tax In 2013 the Affordable Care Act (ACA) added an additional 0.9% Medicare tax on the excess earnings. Taxpayers with FICA wages over $200,000…
Affordable Care Act – Play-or-Pay? Are You Prepared?
The Affordable Care Act – Offer sufficient coverage or pay the penalty Are you a “large” employer? Your time is running out to get prepared for the Affordable Care Act’s shared responsibility…