No one likes to throw money away, especially on taxes. In this two-part series, we’ll discuss ways to minimize your tax burden on both a personal and corporate level that you can use now and in the future. In our last post we explored a number of ways to reduce your personal tax burden. Today, we’d like to share some…
No one likes to throw money away, especially on taxes. In this two-part series, we’ll discuss ways to minimize your tax burden on both a personal and corporate level that you can use now and in the future. The end of the year is fast approaching, but there are still plenty of actions that you can take to cut your…
If retirement is on your radar screen, one of the biggest decisions you face is when to access your Social Security benefits. Currently, you can begin taking reduced benefits as early as age 62, but you may wonder if there are advantages to waiting until ‘full’ retirement age which is age 66 for those born in 1945 or 1946. For…
What can you do to prevent fraud in your business? It’s been said many times ‘knowledge is power,’ and one of the best ways to prevent fraud is to institute solid financial controls in your company that maintain as much transparency in transactions and operations as reasonably allowable. These controls will minimize crimes of opportunity and should provide you with…
Condition 3—Attitude/Rationalization Even with the most rigorous financial controls in place, one may still face the threat of the most unpredictable of conditions – the unpredictable, human condition. Unfortunately, some individuals possess an attitude, character (or lack thereof, or set of ethical values that allow them to knowingly and intentionally commit a dishonest act. Some believe that even otherwise honest…