For years, people have questioned the viability of the Social Security system going forward. In July, the Social Security Board of Trustees released its annual report on the…Read More
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Business ID Theft: Is Your Data at Risk?
The IRS and state tax authorities have made significant strides in curbing individual identity theft over the last two years. But cyber attacks against businesses are on the upswing. Here are some…Read More
Inadequate Records Lead to Unfavorable Results for Taxpayers
Federal tax law allows deductions for many items, such as legitimate business expenses and charitable donations. But, if you claim deductions on your tax return, you also…Read More
Revenue Recognition for Contracts: Changes Coming Soon
Revenue is the top line of your company’s income statement. So, it tends to receive a lot of attention from investors, lenders and other stakeholders. Why? Changes…Read More