Insights: Knowledge and Insights: Newsletters
The Dollars and Sense of Royalty Audits
Is the recapture of unpaid royalties worth the time, effort and expense that comes with an audit? As revenues are increasingly generated from licensing agreements, licensees continue to incorrectly report…
Taxpayer Guide to Identity Theft
We know identity theft is a frustrating process for victims. The IRS is taking this issue very seriously and continues to expand on their robust screening process to stop fraudulent…
Employer 401(K) Plan Remittances – How Much Time & Risk Do You Have?
When an employer sponsors a defined contribution retirement plan, such as a 401(k), it is providing employees with a great opportunity to save for retirement. In most cases, employees are…
Contemplating a Move to a State with Lower or No Income Taxes? Don’t Pack Your Bags Yet
Taxpayers of high-tax states often contemplate relocating and establishing their domicile in a more tax-friendly state. With the latest tax act and the maximum federal deduction available for state and…
New Jersey Enacts New Income Tax Exemption for Veterans
You may qualify for a $6,000 exemption on your New Jersey tax return if you are a military veteran who was honorably discharged or released under honorable circumstances from active…
The IRS TE/GE Office 2018 Work Plan
The IRS Tax Exempt and Government Entities (TE/GE) Office recently issued its fiscal year 2018 work plan. The plan outlines the issues the IRS will focus on as well as…
Assessing Internal Controls
Every organization needs internal controls to safeguard its assets, assure its accounting data is accurate and reliable, promote operational efficiency and encourage compliance with its prescribed policies and procedures. The…
How to Increase Your Business Value Using Value Drivers
A fundamental aspect of a successful business exit is assuring that your business has enough value to allow you to exit with financial security. This, coupled with wisely invested non-business…
Is the Bank With You or Against You?
Many business owners have mixed feelings about their banks and their banking representatives. They are unsure about whether they can be completely honest about their business without a negative impact…
Tips for Complying With New HMDA Rules
Once again, banking compliance professionals are in full swing preparing for the new HMDA rules. This is the biggest change since the recent TRID rules that banks still are getting…