Kelly Lopez, CPA
IRS just announced that interest rates for the calendar quarter beginning July 1st, will be the same as in the previous quarter. For more information, including rates, please follow the IRS link below:
http://www.irs.gov/newsroom/article/0,,id=239473,00.html
Since 1976 there has been a 0.2% FUTA surtax. Currently, the gross federal unemployment tax rate that employers pay on the first $7,000 of wages paid to each employee is 6.2%, which is made up of the 6% permanent tax and 0.2% temporary surtax.
The 0.2% temporary surtax is currently set to expire on June 30, 2011. We do not know if Congress will take action to extend the surtax beyond June 30, 2011. It is possible that sometime after the […]
John Merchant, CPA, CFE
Do you participate in social networking through one of the social networking Internet sites, such as Facebook? If you do, you should exercise caution. These sites often provide the opportunity for you to share personal information about yourself. Such information might include your name, address and telephone number as well as more private information such as your date of birth, the schools you have attended, your place of employment and the names of your parents. In […]
Alex Helfand, ENCE, Computer Forensic Specialist
The digital forensics field is evolving rapidly to keep pace with the technology used to commit fraud. While eDiscovery often unmasks key evidence, criminals are still thwarting digital forensic specialists. The following technological trends are shaping digital forensics and forcing specialists to create new investigative technologies in order to effectively investigate fraud.
Unmasking Anonymity
One of the biggest trends in digital forensics is developing technology to unmask anonymity. In countless fraud, espionage, and civil cases there […]
The Congress was very generous when it granted 100% bonus depreciation for qualifying property placed in service after September 8, 2010 and before January 1, 2012. However, if you did not want to take the 100% bonus depreciation, your only other option (according to the IRS) was to elect out of bonus depreciation and take the regular depreciation on the asset. This was reinforced in the Form 4562 (Depreciation and Amortization) instructions when they cautioned taxpayers that “if you elect out […]
On April 14, 2011 President Obama signed into law, legislation to repeal the new Form 1099 information reporting rules. Under the now repealed rules, businesses would have been required to issue a Form 1099 to corporations for goods and services that reach $600 or more per year to each vendor. And, landlords would have been required to issue a Form 1099 to a vendor for services (such as, plumbing, lawn maintenance, rental management, accounting, etc.) when total payments reached […]
Michael D. Rockefeller, CPA
As a small business owner or senior executive, it is your responsibility to promote integrity and ethical values to your employees and implement the proper controls and procedures to prevent fraud. In this series, we are highlighting ten basic fraud prevention steps you can take to keep your organization safe.
Two weeks ago we profiled the typical fraudster – a middle-aged white male who has likely not been previously convicted of fraud. What motivates these individuals to […]
Posting by Geoffrey D. Brown, CPA, Principal
I recently had a head-on collision with my own mortality when my doctor told me that I needed open-heart surgery to fix a rather unusual problem with my heart. Fortunately we live in a time when it could be fixed, the surgery was successful and I’m back in the swing of things.
Of the many things that I thought about, one item – in my role as a family business advisor – was about […]
Mark A. Buckberg, CPA, CFE, CFF
As a small business owner or senior executive, it is your responsibility to promote integrity and ethical values to your employees and implement the proper controls and procedures to prevent fraud. In this series, we are highlighting ten basic fraud prevention steps you can take to keep your organization safe.
The Typical Fraudster: Exceedingly Ordinary
A report by the Association of Certified Fraud Examiners (ACFE) showed that the typical white collar criminal is, well, typical. He’s […]
Alex Helfand, ENCE, Computer Forensic Specialist
It would be unheard of for a company to take a notebook of customer social security numbers and throw it into a trashcan. Most often, these types of documents are run through a shredder to ensure that they can never be seen again. But how can a hard drive be destroyed? Sometimes deleting files and then wiping the drive is not enough.
A trend in the digital world is solid state drives (SSD) – much […]
