Claiming a Theft Loss Deduction if Your Business is the Victim of Embezzlement

A business may be able to claim a federal income tax deduction for a theft loss. But does embezzlement count as theft? In most cases it does but you’ll have to substantiate the loss. A recent U.S. Tax Court decision illustrates how that’s sometimes difficult to do.

The Dirty Dozen: The Latest Tax Scams to Be on the Lookout For, According to the IRS

Every year, the IRS publishes a list of the latest, most prevalent tax scams. This list, called the Dirty Dozen, serves as a warning to taxpayers, tax professionals and financial institutions, and the IRS urges everyone to remain vigilant in protecting themselves against these and other tax scams.

6 Ways to Keep Your Personal Information Secure Online

It has been one year since the COVID-19 pandemic has flipped everyone’s day-to-day life upside down. We have had to change the way we do many things, including finding new ways of completing tasks that were once done in person. A lot of what we do now is being conducted via the internet and online portals. We hear in the news about data breaches and online hackers, but how can you personally protect your information online? There are a few easy tasks that one can complete to ensure they are doing everything in their power to keep their information secure:

Unemployment Benefits Fraud: What to Be on the Lookout For and 7 Steps to Prevent Further Fraudulent Activity

Identity theft has become increasingly common over the last several years, and with more people collecting unemployment benefits than ever before due to the COVID-19 pandemic, we have seen a sharp increase in unemployment benefits fraud among our clients.

Cyber Crime in the Era of COVID-19

The Coronavirus pandemic has changed life as we know it, almost overnight. Amidst unprecedented health and economic concerns, cybersecurity is likely the last thing on most people’s minds. Sadly, malicious attackers are capitalizing on the fear and uncertainty surrounding the pandemic to initiate new scams and cyber-attacks.

A New Twist on Fraud Prevention: Don't Abbreviate the Date!

Fraud is nothing new. In today’s world, we are used to guarding against phone scams, email hackers, and online credit card and identity theft. But as we enter a new decade, fraud experts are advising against a new danger—abbreviating the date.

5 Tips for Preventing a Cyber Security Breach

In today's world, we hear about cyber security breaches all the time. They impact businesses of all sizes, from corporate giants like Target and Equifax, to small local businesses. Malicious individuals can gain access to a private network through any number of weak points, causing real damage to the business and their clients—damage that is often extremely expensive to repair, and can be irreparable in terms of reputation.