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How Cash Flow Statements Help Experts Find Fraud

RogerRossmeisl

The statement of cash flows is typically broken down into three categories: Cash from operations, Cash from investing activities, and Cash from financing activities. Fraud experts often apply ratio analysis to detect unusual changes that might.

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Treasury, IRS Issue Final Rules on Bonus Energy Tax Credits for Poorer Communities

CPA Practice

The IRS issued initial guidance last February when it launched the Low-Income Communities Bonus Credit Program under section 48(e) of the Internal Revenue Code, which gives eligible solar and wind facilities increased investment tax credits of 10% or 20%. Under the program, for example, certain energy projects in underserved U.S.

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IRS Expands Rules on Energy Communities and Production and Investment Credits

CPA Practice

The Internal Revenue Service has issued Notice 2024-30 that expands certain rules for determining what an energy community is for the production and investment tax credits. The Inflation Reduction Act allows for increased credit amounts or rates if certain requirements pertaining to energy communities are satisfied.

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Fraud Prevention Strategies for Entrepreneurs and Small Businesses

RogerRossmeisl

But small businesses, especially new ones, have special risks because they generally can’t invest in expensive fraud-prevention programs. Occupational fraud usually falls into one of three major categories: asset misappropriation, corruption (such as bribery) or financial statement fraud. Fraud occurs in companies of every size.

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New Guidance for IRS Solar Tax Credit Program for Low Income Communities

CPA Practice

This guidance applies to owners of certain solar and wind facilities placed in service in connection with low-income communities that are eligible for the section 48 energy investment credit.

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Anders Technology Makes CRN’s MSP 500 List for 2024

Anders CPA

Anders Technology, a service line of Anders CPAs + Advisors, is proud to be recognized on CRN’s Managed Service Provider (MSP) 500 list in the Pioneer 250 category for 2024. The full list can be found at crn.com/msp500 and in the February issue of CRN Magazine.

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Can Taxpayers Who Manage Their Own Investment Portfolios Deduct Related Expenses?

RogerRossmeisl

Do you have significant investment-related expenses, including the cost of subscriptions to financial services, home office expenses and clerical costs? Under current tax law, these expenses aren’t deductible through 2025 if they’re considered investment expenses for the production of income. appeared first on Roger Rossmeisl, CPA.

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