News
At EGP PLLC, we feel it is our duty and obligation to keep our clients, business associates and trusted advisers current and up to date on a range of topics from tax law changes to the latest firm news. We have the knowledge, expertise and resources of our much larger competitors and place great value in delivering this information to you.
Taxes and Identity Theft – More You Should Know
Two weeks ago, I warned about being aware of cyber crooks posing as the IRS. The response made me realize the concern is greater than even I anticipated.
Additionally, just as that article went to press, the IRS and Justice Department issued an announcement regarding a massive 23-state crack down on suspected identity-thief perpetrators that resulted in 939 charges in 69 indictments.
So while it's still fresh on many people's minds, I dug a little deeper to find additional...
Beware of Wolves in Sheep’s Clothing (or Don't be Scammed by Cyber Criminals Disguised as the IRS)
Well, ok, no one would exactly confuse the Internal Revenue Service with being sheep! But there is a point to this.
The Internal Revenue Service receives thousands of reports each year from people who receive suspicious emails, phone calls, faxes or notices claiming to be from the IRS. Many of these scams fraudulently use the IRS name or logo as a lure to make the communication appear more authentic and enticing.
The goal of these scams, known as phishing, is to trick...
More Payroll Tax Shenanigans from Congress
At the eleventh hour (actually closer to midnight), Congress approved a two-month extension of the employee-side payroll tax cut in the Temporary Payroll Tax Cut Continuation Act of 2011.
The two-month extension, for January and February 2012, is intended to give lawmakers additional time to negotiate a full-year extension of the payroll tax cut through the end of 2012.
As seems typical, this temporary extension was passed with no consideration for the paperwork and...
Innovation Starts Within: Are New Services and Products Waiting for You to Find Them?
Think fast: How old is Facebook? Twitter? The iPhone? When did you first hear the phrase, "cloud computing"?
A decade ago, none of the above existed: Facebook launched in 2004; Twitter in 2006; Apple unveiled the iPhone in 2007; cloud computing, a concept that dates to the 1960s, became a consumer reality sometime after 2008.
The point: Communication media and technology — the tools by which modern business and society function — are changing almost as rapidly as...
Year-End Tax-Planning Moves for Businesses and Business Owners
Two weeks ago, we dealt with year-end tax-planning ideas for individuals. Business taxpayers too are confronted with uncertainty in year-end tax planning as 2011 ends.
A number of business tax incentives are scheduled to expire after December 31, 2011 unless extended by Congress. These incentives include widely-popular and utilized ones, such as 100 percent bonus depreciation, enhanced small business expensing, real property expensing, and many more. Other provisions,...