Anthony LaNasa CPA CFE

Posted in: Articles, COVID-19, Fraud, General

Don’t make computer and equipment theft easy

These days, many offices and other workspaces are nearly empty as employees work from home. This can make companies that don’t safeguard their computers, printers and other equipment vulnerable to theft from outsiders. Even during normal times, businesses often lose assets because crooked employees walk out with them. Here’s how to protect valuable property — […]

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David Reape CPA

Posted in: Articles, COVID-19, General, Tax

Tax responsibilities if your business is closing amid the pandemic

Unfortunately, the COVID-19 pandemic has forced many businesses to shut down. If this is your situation, we’re here to assist you in any way we can, including taking care of the various tax obligations that must be met. Of course, a business must file a final income tax return and some other related forms for […]

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Anthony LaNasa CPA CFE

Posted in: Articles, COVID-19, Fraud, General

Unmasking fraud during an economic downturn

Fraud tends to flourish during periods of prosperity. The reason is simple: When companies experience fast-growing revenues and rising net profits, they may lack a strong incentive to divert resources to preventing and detecting fraud. Fraud schemes can go undetected for months, even years. Furthermore, the sheer volume of legitimate transactions during thriving economic times […]

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Anthony LaNasa CPA CFE

Posted in: Articles, COVID-19, Fraud, General

Watch out! Organized crime has adapted just fine to COVID-19

Unlike some legitimate businesses, organized crime enterprises can be expected to weather the current COVID-19 crisis. In fact, with millions of Americans now working from home, organized crime-related cyber fraud — including phishing schemes and ransomware attacks — has grown exponentially. If you haven’t done so recently, it’s important to review and possibly upgrade your […]

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David Reape CPA

Posted in: COVID-19, General, Tax

Even if no money changes hands, bartering is a taxable transaction

During the COVID-19 pandemic, many small businesses are strapped for cash. They may find it beneficial to barter for goods and services instead of paying cash for them. If your business gets involved in bartering, remember that the fair market value of goods that you receive in bartering is taxable income. And if you exchange […]

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