Many businesses routinely advertise free Wi-Fi access. While this is certainly a convenient way to stay connected, it does come with major risks. Why? Hackers can rig their PCs to allow you to browse the…

With the increase in the Standard Deduction created by the Tax Cuts and Jobs Act, many more taxpayers are choosing not to itemize. Even so, there are still opportunities to reduce your taxable income. Among…

Having your tax return audited is a highly stressful situation. Here are some common audit red flags, and ways to protect yourself. • Failing to report all taxable income. You’ve probably received numerous 1099s, W-2s…

Tax filing time is an ideal time to annually review your financial affairs. You have to gather information to prepare your tax return at this time. Why not take one more step and do something…

Last tax season was a learning experience for everyone who had partnership, S corporation or sole proprietor income as they tried to understand the new qualified business income (QBI) deduction. The rules and regulations challenged…

Identity theft is a growing risk in the digital world.  It has become harder and harder to protect your information online.  It is important to take extreme caution with your personal information during tax season…

Late filing of S corporation and partnership returns can be costly. The last couple of years, the IRS has been penalizing late filers of S corporation and partnership tax returns. This despite the fact that…

Skillful inventory management is often one of the biggest factors in maintaining positive cash flow. Consider these techniques for controlling your company’s inventory to improve your cash position: Track inventory turnover. The inventory turnover ratio measures…