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Are You Being Scammed? Tax Scams/Consumer Alerts

Mon, Jun 13th 2016
Tax Refund Scam Artists Posing as Taxpayer Advocacy Panel A new email scam targeting taxpayers has emerged. According to the Taxpayer Advocacy Panel (TAP), taxpayers are receiving emails that appear to be from TAP about a tax refund. These emails are a phishing scam, where unsolicited emails which seem to come from legitimate organizations — but are really from scammers — try to trick unsuspecting victims into providing personal and financial information. Do not respond or click the links in... Read More »

Does Your Company Have a Document Retention Policy?

Fri, Jun 10th 2016
Every company generates business documents. Cataloging and storing paper files, electronic documents, correspondence, and data used in business applications and databases takes time, effort, and money. However, not all business records are of equal value — some can be safely discarded in time while others must be retained. Federal, state, and local laws and regulations — tax, employee benefit, occupational safety, wage and hour, etc. — require businesses to hold on to various documents for... Read More »

Human Vulnerabilities. A hacker's best friend

Mon, Jun 6th 2016
Social engineering is now the preferred attack technique of sophisticated cybercriminals seeking to break through a company’s data security system. A 2015 report by tech trade association CompTIA found the human element was the source of more than half of security breaches. This means no matter how strong a company’s technical safeguards, people are its weakest link when it comes to protecting sensitive information. Recent data breach highlights simplicity of social engineering tactics As if... Read More »

Maximizing the tax benefits of your vacation home

Tue, May 31st 2016
Enjoy the property and realize rental income!  If you rent out your vacation home for part of the year, it might provide you with both a much-needed getaway and some nice income. But be careful about how it affects your tax situation. Depending on how frequently you personally use vs. rent out the property, you may be trading its recreational or income benefits for a higher tax bill. How, then, can you continue to rent, yet maximize your vacation home’s tax and financial benefits? If you’re... Read More »

Five-Minute Tax Briefing

Mon, Mar 7th 2016
Five-Minute Tax Briefing® March 08, 2016 No. 2016-05 Item for Friday, March 4, 2016 IRS Reminds Employers of Approaching ACA Information Reporting Due Dates: The IRS is encouraging self-insuring employers and Applicable Large Employers (ALEs) to mark their calendars to ensure they meet the new ACA reporting requirements. Self-insuring employers that are not ALEs must provide Form 1095-B (Health Coverage) and ALEs must provide Form 1095-C (Employer-provided Health Insurance Offer and Coverage)... Read More »