Gambling Tax: Don’t Roll the Dice with the IRS
Whether you’re heading to the casino for fun or betting as part of your profession, there’s one thing every gambler should keep in mind — gambling winnings are taxable. Despite …
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Payroll Fraud: Internal & External Threats
Payroll fraud schemes can be costly. According to a 2024 Association of Certified Fraud Examiners (ACFE) study, the median loss generated by payroll fraud incidents is $50,000. It’s essential to know …
What tax records can you toss and what should you keep?
If you’ve filed your 2024 tax return, you may be eager to do some spring cleaning, starting with tax-related paper and digital clutter. The documentation needed to support a tax return …
FBAR: For Those With Foreign Accounts
Any U.S. person with a financial interest in or authority over foreign financial accounts may be required to file a Report of Foreign Bank and Financial Accounts (FBAR). An FBAR is …
Tax bill higher than expected? Try this!
It may not be too late to reduce your 2024 taxes, but it’s getting close! If you’re preparing to file your 2024 federal income tax return and your tax bill …