The Updated IRS Interest Rates for 2019

The Updated IRS Interest Rates for 2019

The numbers are out for 2019’s first quarter, that begins on January 1st, and the IRS has reported a rise in interest rates. As detailed by the tax service, the new rates will be: • 6% for overpayments, or 5% if a corporation; • 3.5% for any corporate overpayment that...
The Cost of Fraud

The Cost of Fraud

It’s no secret that fraud within a business can be financially costly. According to a study done by the Report to the Nations (ACFE), over 89% of fraud within a business is asset misappropriation, while the average loss totals at $114,000. That amount in itself can...
Why I-9s Are More Imperative Than Ever

Why I-9s Are More Imperative Than Ever

Ever since President Trump was elected into office, anti-immigration laws have been a top priority for many in the Administration. In 2018 alone, an average of 4,000 illegal aliens were arrested each month by ICE. Seeking to eliminate the popular promise of employment...
Crucial Sales Tax Considerations

Crucial Sales Tax Considerations

We’ve covered a lot about sales tax lately – from when to pay, what to avoid, and even how to collect in a festival setting. But what about the logistics of registering, and who exactly has to pay the sales tax? This article should hold the answers, with three crucial...
Tax Markers of a Partnership

Tax Markers of a Partnership

Let’s talk about partnerships, and what constitutes as one for tax purposes. According to the IRS, a partnership is when two or more owners “carry on a trade, business, financial operation, or venture and divide the profits therefrom”, while all income and deductions...
IRS Adds Student Loan Contributions to 401(K) Plans

IRS Adds Student Loan Contributions to 401(K) Plans

It’s no secret student debt has been a rising epidemic in our nation; over $1.4 trillion now owed in student bills country-wide. For countless millennials, it’s an easy trap to fall into, and while the reasons behind why student debt is so high in recent years are...

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