Tag: Articles

Various factors can facilitate a perpetrator’s ability to commit and conceal fraud schemes at organizations.

Recognizing the behaviors displayed by fraudsters can help organizations more effectively detect fraud and minimize their losses from the misappropriation of corporate assets.

The Covid-19 pandemic has affected the level of fraud and how organizations are tackling it. The Association of Certified Fraud Examiners (“ACFE”) in its report, The Next Normal: Preparing for a Post-Pandemic Fraud Landscape, found that 51% of organizations polled have uncovered more fraud since the pandemic began.

Before your business borrows money, you need to know your current cash flow. You also need an accurate cash flow projection, which is made possible by the latest accounting software solutions.

Organizations worldwide lose an estimated 5 percent of their annual revenues to fraud, according to the Association of Certified Fraud Examiner’s (“ACFE”) 2020 Report to the Nations Global Study on Occupational Fraud and Abuse.

When searching for a new CFO, look beyond their technical skills to determine whether they have soft skills like honesty and resiliency that are necessary to represent your business well and build a positive environment that leads to continued success.

This article discusses the unique circumstances when parents have equal time with the children and the effect the Tax Cuts and Jobs Act of 2017 had on alimony.

In its interesting October 4, 2021 decision in Charles H. Leyh v. Commissioner of the Internal Revenue Service, the tax court decided in favor of the taxpayer and concluded the paying spouse could both exclude from income health insurance premiums deducted from payroll under a cafeteria plan and deduct as alimony the portion of those premiums covering the recipient spouse pursuant to a pre-2019 pendente lite agreement.

On September 24, 2021, Judge Alvin W. Thompson of the United States District Court of Connecticut denied a motion made by the IRS asking the Court to conclude that no discount should be available for a gift of a fractional interest unless the taxpayer held such interest in fractional form before the gift.

BST's tax newsletter. In this issue: IRS Clarifies Rules on Excess Compensation Tax, Tax Implications of Taking 529 College Savings Plan Withdrawals, Refresher on the Home-Sale Gain Exclusion Tax Break, Following Up on Coronavirus-Related Distributions from IRAs, and 20 FAQs About RMDs.