Anthony LaNasa CPA CFE

Posted in: Articles, Fraud

Wait! Don’t approve that office supply invoice yet

When Dan received a large shipment of highlighter markers, he was confused. He didn’t remember ordering them — and he was the company’s sole office supplies buyer. Yet when he received an invoice for the markers a week later, he approved it for payment. After all, employees were already using the highlighters. Dan fell for […]

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David Reape CPA

Posted in: Articles, Tax

Do you want to go into business for yourself?

Many people who launch small businesses start out as sole proprietors. Here are nine tax rules and considerations involved in operating as that entity. 1. You may qualify for the pass-through deduction. To the extent your business generates qualified business income, you are eligible to claim the 20% pass-through deduction, subject to limitations. The deduction […]

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David Reape CPA

Posted in: Articles, Nonprofit, Tax

How taxes affect your nonprofit’s donors

The deductibility of most charitable gifts hasn’t changed since the passage of the Tax Cuts and Jobs Act, but some recordkeeping requirements have. Helping your donors who itemize deductions understand the rules and benefits of their gifts can strengthen your not-for-profit’s ties with them — and may help increase contributions. Allowable deductions Generally, donors can […]

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Anthony LaNasa CPA CFE

Posted in: Articles, Fraud

Ghosting scams may keep your loved ones from resting in peace

It’s bad enough that the living have to worry about identity theft. But criminals also exploit the deceased with “ghosting” schemes. These thieves steal the identities of those who’ve died to open credit card and service accounts and obtain loans and tax refunds. Here’s how to prevent fraudsters from taking advantage of your family. Window […]

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David Reape CPA

Posted in: Articles, Tax

Do your employees receive tips? You may be eligible for a tax credit

Are you an employer who owns a business where tipping is customary for providing food and beverages? You may qualify for a tax credit involving the Social Security and Medicare (FICA) taxes that you pay on your employees’ tip income. How the credit works The FICA credit applies with respect to tips that your employees […]

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