Check Fraud in Medical Practices

Check fraud is a growing problem in our business environment. Technology-savvy individuals can produce realistic counterfeit checks easily. All it takes is the right office banking account information and access to computers and other devises. Put controls in place to protect your practice from bank fraud – both externally and internally. Although it is impossible … Continued

Don’t “Terminate” Your Business’s Data Security

A lot goes on when someone leaves a company. Sometimes you have the ability to prepare for the departure. Other times, you don’t. Amidst the flurry of activity, one thing you shouldn’t forget is data security. As the use of personal electronic devices such as smart phones, laptops and tablets continues to increase, the protection … Continued

Tips for Home Office Organization

Good organizing habits shouldn’t end when you leave the workplace. As more people continue to work at home, at least part of the time, there is an increasing need to organize and secure your home office. Take control over the piles of paperwork that comes across your desk. Home Office Organization Tips Here are some … Continued

Overlooked Medical Deductions

As most taxpayers know, they may deduct qualified medical expenses for themselves and their dependent children. Other opportunities to deduct medical expenses are not so widely know. Here are some commonly overlooked deductions to keep in mind when gathering information for your 2007 tax preparation. Non-elective cosmetic surgery — if it promotes proper function of … Continued

Reporting Wagers

As popularity grows for casinos, lotteries and other types of legal gambling, many taxpayers are in the position of having to report winnings on their income tax returns. Here are a few key points to remember. Winnings and Losses are Reported Differently Report “gross” winnings (not reduced by losses or expenses) as “other income” on … Continued

Succession Planning Tips

As the first wave of baby boomers heads toward retirement age, an increasing number of family-owned businesses are experiencing a change in top leadership. Unrelated owners of owner-managed businesses face similar challenges. Continuity of family and owner-managed firms requires an orderly transition of management and ownership. Succession planning is a multidisciplinary process that assists closely … Continued