Tax and Business Alert - January 2016



Welcome to this month's edition of the Tax and Business Alert. Our goal is to provide you with current articles on various tax and business topics. The articles are intended to keep you up to date on trends and issues that may impact your business and personal financial affairs. Please contact us if you have questions about any of the issues discussed.

HOW YOU CAN HELP PREVENT TAX-RELATED IDENTITY THEFT
Tax preparation software, e-filing and increased availability of personal data have made tax-related identity theft increasingly easy to perpetrate. This article reveals how tax-identity thieves carry out their crimes and discusses a new IRS program intended to fight back. Read more...

ROAD RULES: DEDUCTING BUSINESS TRAVEL EXPENSES
Those who travel for business want to ensure that the expenses they incur while doing so are tax deductible. IRS rules are strict, and improperly substantiated deductions can be costly. This article explains the "away from home" rule, which expenses may qualify for a deduction and how an employer-offered accountable plan generally works. Read more...

HOPING TO GROW YOUR BUSINESS?
Many businesses draft strategic growth plans that discuss in detail the new products or services they intend to offer, and the new markets they hope to conquer. But a strategic plan that neglects to specify the funding for these initiatives is likely doomed to fail. This article discusses some of the issues involved in using equity and debt to finance business growth. Read more...

TAX CALENDAR
This article provides a list of important tax deadlines for the first quarter of 2016. Read more...

CONSOLIDATE ACCOUNTS AND SIMPLIFY YOUR FINANCIAL LIFE
Many people accumulate multiple bank, investment and other financial accounts over the years. Managing this myriad of money-related data entails much time and energy, making personal financial management all the more difficult. This brief article explains why consolidating accounts is beneficial and offers some tips on doing so. Read more...

This publication is distributed with the understanding that the author, publisher and distributor are not rendering legal, accounting or other professional advice or opinions on specific facts or matters, and, accordingly, assume no liability whatsoever in connection with its use. The information contained in this newsletter was not intended or written to be used and cannot be used for the purpose of (1) avoiding tax-related penalties prescribed by the Internal Revenue Code or (2) promoting or marketing any tax-related matter addressed herein. © 2016