Call From the I.R.S.? Hang Up. It’s a Fraud. There is a common scam that happens every year around tax season, scammers pose as representatives of the Internal Revenue Service (IRS) over the phone or in an email. The goal of this scam is to frighten you out of your hard earned money. Since 2013
What 2015 tax records can you toss
What 2015 tax records can you toss once you’ve filed your return? The short answer is: none. You need to hold on to all of your 2015 tax records for now. But this is a great time to take a look at your records for previous tax years and determine what you can purge. The 3-year
How You Can Help Prevent Tax-Related Identity Theft
Tax-related fraud isn’t a new crime, but tax preparation software, e-filing and increased availability of personal data have made tax-related identity theft increasingly easy to perpetrate. The IRS is taking steps to reduce such fraud, but taxpayers must play their part, too. How they do it Criminals perpetrate tax identity theft by using stolen Social
4 Pillars of Robust Business Growth
Many businesses start life small and simple. But with growth comes the need for a stronger company infrastructure and increased operational sophistication. As you pursue a more robust business, focus on these four pillars: 1. Organizational management Implement a formalized system for measuring performance that begins with written job descriptions and training. Issue a clearly
Year End 2014 Tax Alert
On December 16, the Senate passed the Tax Increase Prevention Act of 2014 (TIPA), which the House had passed on December 3. TIPA is the latest “extender” package, a stopgap measure that retroactively extends through December 31, 2014, certain tax relief provisions that expired at the end of 2013. It was drafted after the collapse
Director Laura Marques Appointed to The Child Care Council of Suffolk Inc
Hauppauge, NY (October 23, 2014) — Fuoco Group (www.fuoco.com) is proud to announce that Director Laura Marques has been appointed to The Child Care Council of Suffolk Inc. Board of Directors. The Child Care Council of Suffolk, Inc. is the not-for-profit planning and coordinating agency dedicated to making child care work for all of Suffolk
Michelle Beckman Promoted to Supervisor
North Palm Beach, FL (September 18, 2014) — Fuoco Group is proud to announce the promotion of Michelle Beckman to Supervisor. Beckman previously served as a Senior Accountant to the firm. Beckman joined Wieseneck, Andres & Company as a staff accountant in 2006, which in 2009 merged into Fuoco Group. As Supervisor, Michelle will be
Fuoco Group’s Barry Krostich Named Long Island Business New Around 50
Hauppauge, NY (September 9, 2014) — Fuoco Group (www.fuoco.com) is proud to announce Director Barry Krostich, CPA, has been named a recipient for the Long Island Business News Around 50 Award. This award was established to recognize local professionals around the age of 50 who make a notable impact on their business, industry and community.
Steven Price Promoted to Director
North Palm Beach, FL (July 7, 2014) — Fuoco Group (www.fuoco.com) is proud to announce the promotion of Steven Price, CPA to Director. Price joined Fuoco Group’s Boca Raton office in 2013 and served as an Audit Manager. As a Director, he specializes in the automobile, distribution, manufacturing, pension plan, retail, real estate, telecommunication, financial
Funding Method for your Buy Sell Agreement
Anyone who owns a closely held business with at least one other partner needs to take certain steps to guard against business disruption. If one partner departs suddenly, or becomes disabled or dies, serious confusion and conflicts can ensue. Among the most important steps is to create a buy-sell agreement, which stipulates precisely how ownership
