The IRS audit is every taxpayer’s fear, even those who are honest and diligent. However, IRS audits are less common than many Americans believe. The likelihood of an audit does tend to increase with a taxpayer’s income. Those earning under $200,000 per year have a .76% chance of being audited; taxpayers earning over $1 million…
Are you someone who prefers being in charge, and is comfortable handling all the responsibilities of being CEO, or are you someone who could benefit from sharing the load with another capable leader? Author Gwen Moran explores this topic in her article, “Are Co-CEOs A Great Idea Or A Total Disaster?” It turns out, having…
As a business leader, there are so many aspects that need your attention. So where do you focus your energy? In a new article from Inc. magazine, entrepreneur Martin Zwilling gives tips for becoming an effective and successful business leader. “Move from leading tasks to managing relationships,” Zwilling advises. “Some leaders are so focused on…
Would you know a tax myth from a tax fact? As tax season approaches, there are many myths swirling around about the IRS, tax returns, tax deduction, and anything tax-related. How do you know what to believe? Your CPA is always your best resource for any of these questions, but here are a few myths…
The multi-generational home is making a comeback. It’s not just Millennials who are moving back with their Generation X parents. In addition, Generation Xers are welcoming their Baby Boomer parents into the household. There can be many benefits to this living arrangement. The recent uptick began when the recession hit, but families are now choosing…
What are entrepreneurs doing to grow their businesses in the coming year? That’s the question from a new survey of small business owners. Things like the political changes, technology, interest rates, and the employment market are impacting business owners and they are planning the upcoming year accordingly. In her new article from Small Biz Daily,…
Are you considering partnering with another business owner to grow your company? A short video from Entrepreneur features successful business owners with their best advice for anyone considering a partnership. Here are some of the highlights: “One, I must like them and trust the person. Two, they have to bring something to the table that…
Last year, fraud rose to unprecedented levels. IRS estimates indicate a 400% increase in phishing and malware incidents during the 2016 tax season. Criminals are finding more and more ways to sidestep the safeguards put in place. The IRS has compiled some resources for consumers heading into tax season. Here are the some fraud attacks…
Happy 2017! Hopefully, this year will be filled with good health and prosperity, both for you and your business. Have you made any resolutions? It’s common to head into the new year with ambitious goals, however, it’s estimated that only 8% of those who make resolutions actually keep them. In a new Fast Company article,…
Hopefully, 2017 will be a year of great prosperity for you and your business. What risks will businesses face in the coming year? CPA Practice Advisor’s managing editor Isaac O’Bannon reports on the findings of a new study examining these risks. “Recent global uncertainties and their potential effects on businesses are top of mind for…
