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Archive for November, 2018

Eight Ways to Prevent Expense Account Fraud

Posted on November 26th, 2018 by Shari Elias

Your employees may be cheating your company by turning in bogus expense reports. While each of these transactions may be small, they can add up to a bundle. Not only does expense account abuse erode profits, it creates an environment in which employees think they can get away with stealing — and perhaps move on […]

Vacation Homes Classified as Rentals See Little Impact from Tax Reform

Posted on November 12th, 2018 by Shari Elias

There’s good news if you own a vacation home that you rent out: The Tax Cuts and Jobs Act (TCJA) didn’t have much effect on how your rental income and related expenses are treated under the tax rules. But those rules are still complicated. Here’s what you should know. Classifying Your Property Under the Internal […]

5 Ways to Boost Deductions for Charitable Giving

Posted on November 7th, 2018 by Shari Elias

The holiday season is fast approaching. It’s the time when people traditionally make gifts to charities. Generally, year-end donations increase the charitable deduction you can claim on the personal tax return you’ll file the next year. But 2018 is different from most previous tax years. From 2018 through 2025, the Tax Cuts and Jobs Act […]