10 Mar 2020
A man slipping money into his suit pocket

In theory, investigating executives for fraud shouldn’t differ from investigating rank-and-file employees. In reality, an executive can slow, even shut down, a fraud investigation. Your company needs a plan to prevent interference and facilitate the collection of evidence. This starts by working with HR and legal advisors to brief the suspect’s superior. If employees are […]

04 Mar 2020
Peson reviewing graph, pie and bar charcts

As with any type of fraud, the sooner financial statement manipulation is detected, the more likely losses can be mitigated. One tool management and fraud experts might use to assess the likelihood of earnings manipulation is the Beneish model, which measures the probability that a company’s revenue has been inflated and expenses understated. The model […]

03 Mar 2020
Four people riding bycicles in a bike lane

Whether you’re moving to another country for work-related reasons, retirement or simply want an opportunity to experience a new culture, it’s important to understand the potential tax and estate planning implications. If you don’t, you could be hit with some unpleasant surprises. Here are three possible pitfalls: Double taxation. If you’re a citizen of the […]

25 Feb 2020

If you’re in line to inherit property from a parent or other loved one, it’s critical to understand the basis consistency rules. Current tax law, passed in 2015, provides that the income tax basis of property received from a deceased person can’t exceed the property’s fair market value as finally determined for estate tax purposes. […]

20 Feb 2020
Brightly colored highlighters

Among other things, office supply scams con businesses into paying for products they didn’t order. To prevent your company from falling victim to phony invoice and fake promotional schemes, designate one or two buyers to follow specific procedures for documenting and approving purchases. Buyers should instruct vendors to include your company’s purchase order numbers on […]

19 Feb 2020
Two business owners going over paperwork

Many people who launch small businesses start out as sole proprietors. Here are nine tax rules and considerations involved in operating as that entity. 1. You may qualify for the pass-through deduction. To the extent your business generates qualified business income, you are eligible to claim the 20% pass-through deduction, subject to limitations. The deduction […]

18 Feb 2020
Three generations of women; mother, daughter, & granddaughter

For 2020, the lifetime gift and estate tax exemption has reached a whopping $11.58 million ($23.16 million for married couples). As a result, few people will be subject to federal gift taxes. If your wealth is well within the exemption amount, does that mean there’s no need to file gift tax returns? Not necessarily. There […]