Common Scams

common finance scams

Common Scams   Almost everyone has ended up with at least one suspicious-looking email in their inbox sent by someone trying to scam you out of your money. Internet scams have been around since the inception of the internet, and they’re not likely to leave any time soon. To help prevent individuals from falling prey […]

Tax Impacts of Real Estate Investments

real estate investment

Tax IMPACTS OF REAL ESTATE INVESTMENTS Deciding to invest in real estate can be a rewarding financial option for you and your business.  While the ultimate goal of real estate investing is positive investment growth, it is also critical to understand the real estate investment tax rules so you can enter into your investment fully […]

DCAA Compliant Accounting

dcaa compliant accounting

DCAA Compliant Accounting Any organizations bidding on government contracts must ensure compliance with DCAA (“Defense Contract Audit Agency”) rules and be prepared to pass a DCAA audit.  The DCAA is responsible for acquisition of Department of Defense and other government agency contracts, and is tasked with confirming taxpayer funds are used responsibly.  If you are […]

Tax Update: Increasing Your Meals & Entertainment Deduction for 2021 and 2022

tax deductions

Tax Update: Increasing Your Meals & Entertainment Deduction for 2021 & 2022 To spur the restaurant industry in the wake of the COVID-19 pandemic and its economic fallout, Congress passed the Consolidated Appropriations Act (“CAA”) in December 2020.  The CAA allows businesses to fully deduct expenses for eligible restaurant meals incurred in 2021 and 2022. […]

Tax Update: Biden’s Made in America Tax Plan

biden tax plan

Tax Update: Biden’s Made in america tax plan The Department of the Treasury has issued new details regarding President Biden’s Made in America Tax Plan. The administration is proposing a tax rate increase that will affect both corporations and individuals.  The administration is also proposing several changes, including a corporate tax rate increase from 21% […]