If you’re a business owner operating as an S corporation and considering shutting down your company, it’s crucial to understand the federal income tax implications for both the corporation and
In a notable legal development, Abdirizak Farah, the founder and superintendent of two charter schools in Ohio, has admitted to engaging in bank fraud, highlighting a serious breach of ethical
The recent sentencing of Jess Adams, the former treasurer for the City of Houston, Alaska, serves as a stark reminder of the vulnerabilities in financial management systems. Adams was handed
In a notable case of tax fraud, Jacques Eid, an owner of both a convenience store and a restaurant, was recently sentenced to two-and-a-half years in prison for filing false
As the 2024 election approaches, Vice President Kamala Harris, the Democratic nominee for president, has outlined her tax policy agenda, which largely builds on President Biden’s earlier proposals. Understanding these
In a startling development that highlights the dangers of financial mismanagement and fraud, Ippei Mizuhara, translator for Los Angeles Dodgers star Shohei Ohtani, has pleaded guilty to severe charges of
Schedule C filers, the backbone of many small businesses and sole proprietors, face a daunting reality: they are statistically 3-10 times more likely to be audited by the IRS compared
As a business owner, you may have heard about or even claimed the Employee Retention Credit (ERC), a pandemic-era tax relief measure designed to help businesses keep workers employed during