If you are operating any kind of business with employees, you will need to apply for a federal Employer Identification Number (EIN). If you are not planning on hiring direct employees within the next 12 months, you may still be
Since the financial crash of 2008, there is a growing trend in corporate America. Companies of all sizes are searching for ways to do more with less. Efficiency is the name of the game, and many jobs that were once
The Foreign Account Transactions Compliance Act (FATCA) was fully implemented by the IRS on July 1, 2014. After four years of delays, the IRS is now requiring all foreign banks to report accounts held by U.S. taxpayers with an average
Telecommuting is one of the fastest growing employment trends of the 21st Century. Whether you are an entrepreneur or employee, technology now allows many jobs to be performed efficiently and more cost-effectively from home. However, telecommuting is an adjustment from
Complying with generally accepting accounting principles (GAAP) is becoming increasingly challenging for private entities. But this year, the Financial Accounting Standards Board (FASB) has released two updates that allow alternative reporting methods in cases involving goodwill following a merger and
In addition to being the month when we celebrate our nation’s independence, July is also National Anti-Boredom Month. Occurring in mid-summer, July is that ‘in-between’ month when most graduation celebrations are completed and it is a little too early to
This month, we celebrate the 238th birthday of America. But now that we are separated from our founding fathers by nearly two and a half centuries. Many have forgotten what the men who drafted the Declaration of Independence and Constitution
The Foreign Account Tax Compliance Act (FATCA) was a provision of the Hire Act, which was passed by Congress in March of 2010. The IRS has made several delays in the implementation of FATCA but more than four years later;
The Federal Trade Commission (FTC) has recently implemented a “Red Flags” rule on certain businesses in an effort to curb the growing problem of identity theft. Financial institutions of all sizes are required to comply with this rule, as well
A growing number of Americans are victimized by identity theft each year. With the increase of online financial activity, cyber thieves are stealing millions of dollars annually with the threat continuing to grow at an alarming rate. To help fight
