Monthly Archives: April 2015

New Issues to Consider in Business Interruption Risks by Daniel Hughes, CPA/CFF/CGMA

Posted on April 29, 2015 by Daniel Hughes

In today’s hyper-connected environment, businesses can no longer depend solely on their own staff and operational efficiency to achieve performance goals.  Rather, global businesses must rely increasingly on outside suppliers and other vendors, including parts manufacturers, distributors and call centers, whose products and services are critical to a business’s ongoing operation.  Should the vendor or […]

Recognizing Fraud in the Construction Industry by Richard A. Pollack, CPA

Posted on April 17, 2015 by Richard Pollack

According to the Association of Certified Fraud Examiners’ (ACFE) 2014 Report to the Nations, fraud continues to plague the construction industry. Exacerbating the problem is a sector-wide failure to implement strong internal controls and reliable methods for detection, often due to the perceived expenses of such preventative measures. However, these expenses are, in reality, minor […]

Doing Business Overseas? Know Changes in IRS Reporting Requirements by James W. Spencer, CPA

Posted on April 14, 2015 by Jim Spencer

To conform with provisions of the Foreign Account Tax Compliance Act (FATCA), the IRS introduced new reporting guidelines for U.S. companies doing businesses with foreign contractors in 2015.   Effective January 1, 2015, IRS Form W-8BEN-E replaces Form W-8BEN for taxpayers making fixed and determinable, annual and periodic payments to foreign financial institutions (FFIs)  and […]

The Tax Benefits of Adoption by Joanie B. Stein, CPA

Posted on April 12, 2015 by Joanie Stein

According to the IRS, growing one’s family through adoption may provide adoptive parents with a tax credit or an opportunity to exclude some of their income from taxes. The exclusion only applies when the adoptive parents received assistance from their employers to pay for the adoption through a written qualified adoption assistance program.   The […]

Why Paper is Passé and E-Filing is in when Filing Your Tax Returns by Kenneth J. Strauss, CPA/PFS, CFP

Posted on April 06, 2015

  Paper is out and electronic filing is in for the 2014 tax season. According to the IRS, e-filing tax returns provides taxpayers with the following benefits:   Security. E-filing relies on secure encryption technology that protects taxpayers’ sensitive and personally identifiable information, including social security numbers and financial accounts. Easy and Convenient. Filing returns […]