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echnology: Social Engineering Scams Threaten Computer Security

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echnology: Social Engineering Scams Threaten Computer Security

Business owners have learned to delete suspicious attachments that might contain viruses or malware. We’ve learned about phishing and other email-generated scams. With our focus on the technology involved in these attempts to defraud or steal from us, we might not recognize other confidence tricks that could jeopardize our computer networks – scams that use […]

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New Study Shows Increase in Senior Financial Fraud: How Can You Protect Your Parents’ Assets?

Senior fraud is a serious problem. You have probably seen many examples in the news – and it can happen to you or your aging parents. A June 2011 study by MetLife (The MetLife Study of Elder Financial Abuse: Crimes of Occasion, Desperation, and Predation Against America’s Elders) found that financial fraud and abuse perpetrated […]

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Stock Market: Stellar Earnings Cheer Investors Despite Mixed Signals

Stock market gyrations in July reflected investor sentiment as experts and individual investors alike followed the ups and downs of the U.S. debt-ceiling debate and financial woes afflicting European nations. Mixed signals abounded, including positive news on second quarter earnings from major U.S. companies and the comeback of the IPO market, set against lackluster economic […]

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Google+ Highlights Importance of Social Media Marketing for Business

If you’re a business owner, chances are you have a presence on LinkedIn, Twitter or Facebook. Social networking has become an integral part of corporate marketing departments. Skilled social marketing pros specialize in this important niche, doing what personal users do just for fun by spending inordinate amounts of time on Facebook. But social media […]

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Minimizing Taxes on Your Investment Income – Part 1

If you watch television, surf the Internet, listen to the radio or read any news publication, you’ve heard a lot about income taxes. Say what you will, but every American has a stake in the ongoing debate in Washington about who is taxed and how high their rate should be. Much of the debate centers […]

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Tax Breaks For Your Business

July 27,2011 Legislation enacted last year included some very favorable, but very temporary, business tax changes. The best of the bunch are scheduled to expire at the end of this year unless Congress acts. These are the breaks. 100% First-Year Bonus Depreciation For qualifying new (not used) assets that are put to use in your […]

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IRS to build database of regulated tax preparers

July 28, 2011 Taxpayers will be able to examine the qualifications of paid tax-return preparers in a database being built by the Internal Revenue Service that may be available as soon as 2013, according to congressional testimony by an IRS official. The database is part of the phased-in regulation of tax preparers that began in […]

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Final Regulations Simplify Rules for Electing Reduced Research Tax Credit

July 27 2011 The Internal Revenue Service issued final regulations (T.D. 9539) July 26 that simplify how taxpayers elect to claim the reduced research tax credit. The final regulations follow proposed rules from July 2009 (REG-130200–08). There was no public hearing on the proposed regulations, but IRS considered written comments in revising the final rules. […]

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Did the IRS Get it Right on the Registered Tax Preparer Program?

July 18 2011 For years, AICPA members have approached me at conferences and asked, “Ed, why doesn’t the AICPA support efforts to regulate paid income tax preparers?”  Or, “Why can’t the IRS discipline ‘unenrolled’ preparers under Circular 230 (the rules governing practice before the IRS)?” They believed that the playing field deserved a little bit […]

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IRS Discontinues High-Low Method for Substantiating Travel Expenses

July 19, On Tuesday, the IRS announced that it is discontinuing the high-low method for substantiating lodging, meal and incidental expenses incurred in traveling away from home (Announcement 2011-42). Last year, the IRS asked for comments on whether the high-low method was still needed, and it received no comments.   Under the high-low substantiation method, […]

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