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by Edward R. Jenkins With the ending in September of an IRS program that allowed individuals with unreported offshore assets to report the holdings in return for reduced penalties, pressure is mounting on taxpayers with undisclosed foreign accounts. For those who can prove they were not willfully noncompliant in not reporting, the IRS still offers […]

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by Theresa A. Kane, Director of Insurance Services Unfortunately, news reports about employee theft and embezzlement are becoming more common. Making matters worse, in many cases, the culprits are long-time employees, who’s equally long-standing pilferage is discovered by accident. In one case, an employee opens the mail because the office manager is busy and sees […]

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by Romulus C. Comly   In its ongoing effort to increase transparency, the Governmental Accounting Standards Board (GASB) earlier this year said that the interest cost incurred before the end of a construction period should be recognized as an expense in the reporting period it occurs. GASB 89 specifically impacts the reporting for construction borrowing […]

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To avoid interest and penalties, you must make sufficient federal income tax payments long before your April filing deadline through withholding, estimated tax payments, or a combination of the two. The third 2018 estimated tax payment deadline for individuals is September 17. If you don’t have an employer withholding tax from your pay, you likely […]

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by Theresa A. Kane, Director of Insurance Services Are you paying too much for business insurance? How would you know? Insurance can be complicated, and it’s not always easy to determine if you’re buying the best product for the best price. During an insurance review, we can help make that determination and ensure you’re not […]

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by Benjamin R. Bostic As trading Bitcoins and other cryptocurrency explode in popularity, investors are playing with fire by failing to report their transactions as required by law. According to the IRS, fewer than 900 people reported gains and losses from virtual currency transactions for tax years 2013-2015 despite reports of widespread trading. The vast […]

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by Theresa A. Kane On March 18, Elaine Herzberg was struck and killed by a self-driving Uber vehicle, which had a driver onboard. A week later, Walter Huang died after his Tesla, operating on autopilot, crashed into a concrete barrier. Who was at fault: the manufacturers of the vehicles or the drivers? Tesla says it […]

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