Payroll fraud is simply stealing money using the payroll system. In most cases it is financially devastating because payroll is a company's most significant expense, and it happens over an extended period of time. It is also emotionally devastating because it is usually committed by someone you trust, who is a loyal and likable employee....
Every year the IRS adjusts more than 40 tax provisions for inflation. 2019 is no different! Except that instead of the Consumer Price Index or CPI, the IRS now uses the “Chained Consumer Price Index” to adjust income thresholds, deduction amounts, and credit values accordingly. 2019 will prove to be exciting for both CPAs and...
Life Insurance Is An Important Asset Which Should Be Managed! Based on a study by the National Association of Insurance Commissioners, over 60% of people who own life insurance are not sure what the policy provides, and 29% admitted that they needed more insurance! Today’s life insurance policies are complex financial instruments and should be...
Dealing with physician burnout – why is it so prevalent for so many practitioners in medicine in this new millennium? Being a physician is a demanding job with serious responsibilities. Add to that the fact that patients are often chronically ill, sometimes treatment doesn’t work, and occasionally patients die — that is a heavy burden...
The good news is the Tax Cuts and Jobs Act creates a brand-new tax deduction for owners of pass-through entities, including partners in Partnerships, shareholders in S Corporations, members of Limited Liability Companies (LLCs) and Sole Proprietors. The bad news is the new tax break is very complex! Tax Reform may also have made some...
