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What Are the Potential Tax Advantages of the LLC, C Corp and S Corp?
As an accounting professional, you know there are potential tax-related upsides and downsides for every type of business entity. It’s important to communicate those considerations to your clients to help guide them as they decide which legal business structure to form for their company. In addition to your insight, of course, your clients should also consult a knowledgeable business attorney who can share the legal ramifications of the ...
Read MorePhone Hacks Can Happen to Anyone. Here's How to Protect Yourself
Start by knowing what could expose you to an attack, like vacation clues, hotel Wi-Fi and inadequate verification procedures. The mobile phone belonging to Jeff Bezos, the founder and chief executive of Amazon, was allegedly hacked when he clicked a video sent through WhatsApp, essentially turning over control of his phone and all of its contents to the hackers. Compromising the security of the world’s wealthiest ...
Read MoreHow the Best Managers Identify and Develop Talent
Great managers are typically experts in their fields with a strong performance history and an interest in being in charge. But to lead effectively they need to develop another skill, one that is often overlooked: talent management. The ability to see talent before others see it (internally and externally), unlock human potential, and find not just the best employee for each role, but also the best role for each employee, is crucial to ...
Read More7 ways to run a teleconference ??" and 6 ways not to
With planning and some attention to detail, a teleconference can be efficient and truly beneficial. In the modern workplace, hours are flexible, employees can work remotely and teleconferences are inevitable. So how do you get the best from teleconferencing? Teleconferences may be necessary, but they are often approached with dread. Will the technology work for the entire meeting? Will those dialing in feel they have a chance ...
Read MoreAttention Taxpayers: Your Chances of Getting Audited Have Fallen Significantly
KEY POINTS The IRS audited roughly 1 out of every 220 individual taxpayers last year. A decade ago, those odds were closer to 1 in 90. The drop in audits correlates to budget and personnel reductions at the tax agency. Wealthy Americans are much more likely to be audited than low- and middle-income taxpayers. As the adage goes, the only sure things in life are death and taxes. But tax audits are another thing entirely. A ...
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