Mon.Jan 17, 2022

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Detecting Billing Schemes

FraudFiles

Employees may commit fraud against their employers by getting the employer to improperly disburse funds. One way this could happen is through an improper check or electronic disbursement. Another way is through a shell company scheme, whereby the employee sets up a fake vendor which issues invoices to the company for products or services that are not actually provided to the company.

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ERC and R&D Tax Credits for the 2021 Tax Year

BurklandAssociates

Summary: R&D tax credits incentivize innovation with up to $250,000 in annual tax savings. The ERC provides up to $21,000 in credit values per employee in 2021. Companies cannot use Read More. The post ERC and R&D Tax Credits for the 2021 Tax Year appeared first on Burkland.

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The IRS Warns Taxpayers to Lower Their Expectations for Service This Year

Withum

As tax season 2022 gets underway Treasury Officials are telling taxpayers to brace for a difficult experience when dealing with the IRS this year. The IRS was already coping with systemic challenges before the pandemic, but issues related to COVID-19 and other new demands placed upon the Service has worsened the IRS’s ability to serve taxpayers. . As a result, taxpayers who file a claim for a refund, particularly those who file paper returns, may find themselves having to wait an inordinately l

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A Career For Non-CPAs

RitaKeller

“Talent is like electricity. We don’t understand electricity. We use it.” – Maya Angelou. The challenge is really nothing new. A CPA firm has a team member who is an all-star. Learns quickly comprehends the issues, and serves clients efficiently and effectively. If they would only pass that CPA Exam! Usually, they get the message and move on to work in corporate accounting leaving a significant void in the firm.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Getting Your Financial Affairs in Order – Free Program

Withum

Getting affairs in order is a lifetime pursuit only ending when your life ends. Personal affairs include estate planning documents such as a will, health care proxy, living will and power of attorney and instructions for your funeral and obituary. Financial affairs include organizing your investments, determining doable goals, simplifying your investments, working to reduce your tax preparation fees and claiming unclaimed funds.

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Do You Need to File Personal and Business Taxes Separately?: A Small Business Guide

xendoo

As a business owner, how do you go about filing personal and business taxes with the IRS? The answer to this question actually depends on the way your business is structured, so there’s not a one-size-fits-all approach to filing small business taxes. But that doesn’t mean that tax season needs to cause you stress. We’ve prepared this helpful guide explaining tax preparation for small business owners in the hope that it will help you learn to meet the requirements of both your personal and busine