Mike wanted to make sure everyone knew that the IRS has issued warnings about fake companies “donating” more for hurricane relief.
On the tax side of his business, everyone is waiting to see if tax law is going to change to lower the corporate tax rate. If so, some people have speculated starting a Value Added Tax (V.A.T.) as other countries have done to make up for the low tax revenues. Mike has been advising clients to take deductions this year to be safe.
On the audit side, he’s seen an increase in owners turning over too much control over finances to internal staff that could leave them open to fraud.
Give Mike a call if your business need professional tax advice and/or audit work done.