Category: Tax Services
December 21, 2017 by Phonzie Moua
W-2 phishing season is just a few weeks away. For the past several tax seasons, cyber criminals have used sophisticated social engineering tactics to dupe hundreds of payroll and HR departments into providing W-2 data on their employees. This results in the filing of fraudulent tax returns, other identity theft...
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December 13, 2017 by Staff
The banking rules for businesses are changing effective May 11, 2018, however some banks are implementing the changes early. Therefore, next time you open a business bank account, or renew your line of credit, don’t be surprised if they ask for additional information regarding the individual owners of the business....
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Although the effective date is still more than a year out, business owners and Accounting personnel are starting to prepare and ask questions on how the new standard will affect them. While the new standard will have substantial effects on some industries (Construction, Insurance, Not-for-Profit) , others won’t notice much...
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The IRS has posted several warnings in the last couple weeks related to W-2 phishing scams. Please make sure you have procedures to verify the validity of requests for sensitive information to protect you and your organization from these scams. Cybercriminals will “spoof” an executive’s email and request sensitive information...
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Many people believe that the Estate Tax only affects the very wealthy. With a 2016 Federal Estate Tax Exemption of $5,450,000 (increasing to $5,490,000 for 2017) and the opportunity to carryover any unused exemption to a surviving spouse (under a DSUE election) allowing a married couple to shelter up to...
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