An employer can provide an employee with a vehicle to use for business and personal use.  In most cases, the value of the personal use must be reported as income on the employee’s W-2.  There are different valuation rules to determine the fair market value of this fringe benefit. 

Students and those paying education expenses for students may be aware that tax breaks exist for college education expenses.  There are three common tax breaks provided by the federal government; the Hope Education Credit, the Lifetime Learning Credit, and the deduction on student loan interest

Electronic Federal Tax Payment System (EFTPS)

What is EFTPS?

EFTPS is a tax payment system provided to taxpayers by the US Department of Treasury at no charge.  More than six million taxpayers are currently enrolled in the system

One of the biggest threats facing “Internet Surfers” today is Malicious Software. For the purposes of this article this software will be referred to as spyware.

Occupational fraud, as defined by the Association of Certified Fraud Examiners (ACFE) in its 2004 study, is “the use of one’s occupation for personal enrichment through the deliberate misuse or misapplication of the employing organization’s resources or assets.”  For the past several years fraud has become the hot topic in the business and financial world.  The number of reported cases and losses continue to grow.  One may believe fraud does not affect their particular company or specific industry. However, take a look at some statistics resulting from ACFE’s survey.  The most cost-effective way not to become a victim is to prevent or mitigate the fraud from occurring in the first place.