Yes, you read that right! President Trump’s 2016 tax return has been selected for audit. Do I have insider information? Not exactly. According to the Internal Revenue Manual (IRM), the handbook governing IRS operations, the President’s and Vice President’s income tax returns are subject to mandatory audits every year
Some companies need a helping hand during rapid growth. At times, just keeping up with customer demands can keep an IT department busy for months or years. When that happens, it may make sense to have a trusted advisor help you stop and take stock of operations. In a recent
This past March, the city of Albuquerque, New Mexico, fell victim to a wire scam resulting in approximately $420,000 of lost taxpayer money. The scam allegedly occurred when a fraudster made an illegitimate request to change vendor payment information, thereby routing funds to the scammer. It is uncertain at this
The Economic Development for a Growing Economy (or “EDGE”) Tax Credit is an economic development tool used by the state of Indiana to encourage job creation, improve the opportunities for Indiana residents, and grow the state’s capital investments. The EDGE tax credit is awarded to businesses that are considering expansion
With first quarter 2017 payroll taxes, qualified small businesses will recognize the immediate reduction of the employer portion of social security tax under the Federal Insurance Contributions Act (FICA) by electing to use their Research & Experimentation Tax Credit (R&E) to offset this tax. The ‘Protecting Americans From Tax Hikes’
Indiana individual and business investors have multiple opportunities for tax savings through various incentive programs offered by the Indiana Economic Development Corporation (IEDC). One such program is the Industrial Recovery Tax Credit (IRTC), which provides a tax incentive for companies that invest in industrial facilities requiring significant rehabilitation or remodeling.