by Lori Bowden | Apr 1, 2025 | Business, Fraud, Newsletter
Payroll fraud schemes can be costly. According to a 2024 Association of Certified Fraud Examiners (ACFE) study, the median loss generated by payroll fraud incidents is $50,000. It’s essential to know the payroll schemes making the rounds and how to prevent them or at...
by Lori Bowden | Mar 31, 2025 | Individuals, Newsletter, Tax
Whether you’re a casual or professional gambler, your winnings are taxable. However, the Treasury Inspector General for Tax Administration reports that gambling income is vastly underreported. Failing to report winnings accurately can lead to back taxes, interest and...
by Lori Bowden | Mar 30, 2025 | Individuals, Newsletter
The term “sandwich generation” was coined to describe baby boomers caught between caring for their aging parents and their children. Today, it most commonly applies to Generation Xers and older Millennials. If you’re caught in the middle, it might be time for honest...
by briesterer@thinkvisionary.com | Mar 4, 2025 | Business, Individuals, Newsletter, Tax
If you own or manage a business with employees, you could be personally responsible for paying a harsh tax penalty. It’s called the Trust Fund Recovery Penalty (TFRP). It applies to the mishandling of Social Security and income taxes that must be withheld from...
by briesterer@thinkvisionary.com | Mar 3, 2025 | Business, Newsletter
After successfully navigating the start-up phase, your business has a strong foundation for growth. At the growth stage, business and financial advisory services become essential. Focus on these two key areas to elevate your company to the next level. 1. Financial and...
by briesterer@thinkvisionary.com | Mar 2, 2025 | Individuals, Newsletter, Tax
If you’re preparing to file your 2024 federal income tax return and your tax bill is higher than you’d expected or your tax refund is smaller than you’d hoped, there might still be an opportunity to change it. If you qualify, you can make a deductible contribution to...
