Business Management

There are several start-up expenses you can deduct now. Accelerate depreciation deductions, pay your children or deduct an office in your home that will not create a red flag. A meeting with me and you will have at least five tax savings moves directed at your specific situation. I will email or give you tax…

Many companies have employees use their computers to log-in a beginning and ending work day. With all this technology, when you log-in at remote locations would this be considered work (paid) time? The FLSA (Fair Labor Standards Act considers this time compensable, since employees are engaged to wait. However, regulations (29 CFR 785.47) allow employers…

Does your head spin from people hacking into companies and breaching confidentiality? Well in July the HealthCare.gov officials had a breach, but we were assured that none of the personal or sensitive information was viewed or taken. It appears that it become easy for hackers to attack, we will become aware of more and more…

Again a district court has held that filing a frivolous tax return penalty meets the Supreme Court’s test of being a civil penalty and therefore it survives the taxpayer’s death.  This case turned out ugly and the deceased taxpayer’s estate was tapped for additional penalties.  Word of caution – don’t file frivolous tax returns or…

Are we seeing more fraud or does it just seem like it because of instant social media, print and TV reporting?  New accounting software and self prepared taxes create an avenue for fraud.  Stealing mail from mailboxes (to secure bank accounts and social security numbers) to internet fraud on billing your credit cards. With the…