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How to Avoid Being Targeted for an Audit

Tax audit. These two simple words are enough to strike fear and loathing into the hearts of many business owners. But, in reality, the Internal Revenue Service (IRS) won’t arbitrarily make your company the subject of an audit investigation. In fact, according to IRS.gov, out of the 196 million returns filed in 2016, only 1.1 […]

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Deterring, Detecting, and Reacting to Internal Fraud

Surprising but true, small and mid-sized businesses are more susceptible to and crippled by fraud when compared to larger organizations that have more resources to invest in anti-fraud initiatives. The Association of Certified Fraud Examiners recently published its 10th annual report to the nations. The largest global study on occupational fraud, the publication highlights 2,690 […]

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Changes to Fringe Benefits, Entertainment Expenses

The tax reform legislation that Congress signed into law on December 22, 2017, was the most significant change to the tax system in over three decades. The new tax code contains many provisions that will affect individual, estate, and corporate taxpayers. One of those changes, the elimination of a business-related deduction used for entertainment, amusement […]

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New Tax Credit Available to Employers Who Offer Paid Leave

Construction and engineering firms looking to grow and thrive in uncertain times need to understand their tax credit eligibility. Around this time of year, we suggest exploring new or revised tax credits that can help offset the amount of money owed to the federal and state governments. Unfortunately, many contractors fail to recognize every tax […]

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