A company can only function at the highest level when its employees support its mission 100 percent and align their interests with the company’s. While it’s healthy and natural for employees to have outside interests, and many outside interests can even...

The Tax Cuts and Jobs Act of 2017 made huge changes to the U.S. Tax Code, which caught many taxpayers off-guard. You might have noticed a change in your refund from last year, and if you’re like the majority of filers who received a refund, it might have...

Recently, the Internal Revenue Service released its audit statistics for the fiscal year 2018, which revealed that the agency examined fewer taxpayer returns compared to previous years. The IRS audited just 0.59 percent of individual tax returns in 2018,...

While the Mad Men days of three-martini lunches are a quaint relic of the past, businesses still rely on wining and dining clients as a means of sealing deals. But, if you want to entertain a longtime client or a new prospect, you have to understand that...

If you own a business, you’re always looking for ways to lower your tax payments. And while the U.S. Tax Code is a helpful reference for allowable expenses, you might be surprised to find out it does not specifically list many of the business deductions...

At Breon & Associates, we often try to educate business owners about the importance of thorough internal investigations of deviant behavior within their organization. Not only can such steps root out bad behavior that violates company policy and...

The Federal Income Contributions Act imposes the responsibility on employers to deduct amounts from their employees’ paychecks to cover Social Security and Medicare tax. The organization must also match these employee contributions. Known collectively as...

If your company operates a vehicle, such as a car, SUV or delivery truck for business purposes, you are eligible for certain tax considerations, including a deduction for the miles traveled. (Sorry, but vehicles used as equipment and vehicles for hire are...

Sweeping rule changes for private companies that follow U.S. Generally Accepted Accounting Principles (GAAP) have many CFOs and controllers under the gun. If your company is struggling to implement the Accounting Standards Update (ASU) No. 2014-09 –...

Employee theft is a major issue costing companies $50 billion annually, or seven percent of all business revenues, according to statistics from the Static Brain Research Institute. SBRI further asserts that 33 percent of all business bankruptcies result...

There are many reasons why your company might consider engaging in a merger with or an acquisition of another company. You might want to diversify your product or service offerings, increase your production capacity, claim a greater market share, access...

The old adage that an ounce of prevention is worth a pound of cure is certainly true when it comes to fraud against your business. The expenses associated with effective fraud prevention protocols is quite minor compared to the cost of cleaning up the mess...