It’s not too late to get tax relief in the form of the Employee Retention Credit that was created as part of the CARES Act in 2020, then retroactively improved and extended by additional legislation. The credit can still be claimed via an original or amended employment tax return for the period of March 13, […]
Companies’ databases, customer info and bank accounts are never safe from malicious attackers. The most common way in for cybercriminals remains via email. Email scams are getting more sophisticated, to make matters worse. Some companies’ employees are getting fooled by phishing sends that announce salary reductions and include file attachments. Recipients who click on the […]
Accounts Receivable departments need to stay on their toes for scam artists and fraudsters. Plenty of companies’ cash flows are squeezed tighter than ever these days. So the last thing you need is to accept and fill an order from a source that’s not going to pay for it. Turns out there are a few […]
The IRS is warning small businesses once again – cybercriminals are seeking your companies’ financial information any way they can. Often it’s by targeting the “weak link” in your organization who opens an email despite being trained over and over on how not to fall for the obvious bait. With the bulk of tax documents […]
Rising interest rates across the board have been a fact of life lately. Therefore, it should be no surprise that the Service announced more interest rate bumps for Q1 2023 in Rev. Ruling 2022-23. Effective January 1, 2023, the new interest rates will be: 6% for corporate overpayments of tax 4.5% for the portion of […]
Cybersecurity – protecting sensitive corporate and customer data from falling into the hands of criminals – is vital to your organization’s success. Lately the feds have been cracking down on disruptive ransomware thieves and info sellers on the dark web, but don’t let that lull you into a false sense of security. An optimum strategy […]
Catching investment and retirement fund fraudsters is a never-ending job. So here’s some good news: Enforcement by the feds is on the upswing, with more wrongdoers going to jail and victims being compensated for their losses. Enforcement by the the Securities and Exchange Commission (SEC) increased by 9% during Fiscal Year 2022. The SEC filed […]
Cybercriminals are on the loose, stealing money from businesses and consumers and getting away with it! That’s the standard media line we hear all the time, but in actuality the feds are pursuing and catching a fair amount of crooks and making sure they pay a heavy price. For Fiscal Year 2022, the Internal Revenue […]
Imagine that someone in A/P got fooled by a bogus invoice in a phishing email and paid hundreds of thousands of dollars to a cybercrook, but you didn’t find out about it until long after the fact. That’s what happened to the city government of Chester, Pennsylvania. A hacker posing as an insurance broker emailed […]
