As if the COVID-19 crisis hasn’t done enough damage, some reports indicate that the extra stress and too much forced togetherness may be causing some married couples to file for divorce. This article covers the federal income tax rules that apply to a divorcing couple’s principal residence. Gain Exclusion Home sales often occur during or […]
Under today’s federal income tax rules, your business may be able to claim big first-year depreciation write-offs for eligible assets that are placed in service in the current tax year. But that strategy might not be right for every small business every year. Here’s what you should know before claiming 100% first-year bonus depreciation or […]
Revenge is the most frequent motive for computer sabotage committed by once-trusted company insiders, according to a study issued by the Department of Homeland Security. So while companies are busy fending off outside attacks from hackers, they must also watch out for devastating acts of cyber vandalism carried out by disgruntled current or former employees […]
Saving for retirement on a tax-advantaged basis should be on nearly everyone’s financial “to do” list, though in this current economic crisis, you may need to put it on the back burner for a time. Making contributions to a Roth IRA is one tax-wise way to save, because you can take withdrawals after age 59 […]
If you want the truth about your company, ask people on the way out. Exit interviews can deliver important inside information. The way departing employees view your organization might be the way things really are. Below is an exit interview questionnaire you can print and give to staff members who are leaving. But first, a […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce William Belmont of The Belmont Group, LLC. William has joined IR as our exclusive Investigative Due Diligence Member in US – New York. The Belmont Group, a New York based national investigation firm, was founded by investigative attorney William B. Belmont. Mr. […]
Since Hoberman & Lesser was founded in 1930, the world has changed dramatically, but what has not changed is our mission, vision, and values. We are still 100% dedicated to our clients and their goals. We are very excited about the progressive and service-oriented Firm that we are today and look forward to the future. […]
Each year, the IRS compiles a list of 12 common tax scams that taxpayers may encounter during the year. This year, the “dirty dozen” list focuses on scams that target individual taxpayers, with special emphasis on aggressive and evolving schemes related to COVID-19 tax relief. Included on the list are scams related to Economic Impact […]
Author: Steven J. Cernak As I prepare again to teach an antitrust survey course, part of the preparation involves rereading some of the classic foundational U.S. antitrust cases. Many of them make some sweeping statements about how the Sherman Act embodies a national policy to order our entire economy through competition. “The heart of our national […]
HIPAA[1] is a complex healthcare privacy law that applies to many global technology companies which serve the U.S. healthcare industry. Tech companies that are deemed Business Associates under HIPAA face significant liability for the following 5 HIPAA violations, among others.[2] NON-COMPLIANCE. Failure to comply with the HIPAA Security Rule.[3] FAILURE TO REPORT. Failure to report data breaches.[4] […]
HIPAA[1] is a complex healthcare privacy law that applies to many global technology companies which serve the U.S. healthcare industry. We are pleased to provide plain English definitions of the following key HIPAA terms.[2] COVERED ENTITY. The term “Covered Entity” includes a broad range of health care professionals, hospitals, and health care plans. PHI. The term “PHI” […]
Q: Has the SBA issued a timetable for recipients to file their application for determining forgiveness of the PPP money? A: The SBA has issued forms and guidance for a borrower to file an application for forgiveness. However, we suggest that you hold off on filling out the form for the following reasons: Depending on your […]