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The Patient Protection and Affordable Care Act and related Health Care and Education Reconciliation Act were signed into law in March. There are a lot of tax changes and filing requirements being phased in over the next several years. Below are some changes taking effect that may be of interest.
According to a recent study by the Associated Certified Fraud Examiners small businesses are more susceptible to fraud than bigger publicly held corporations. The average fraud scheme lasts an average of 18 months (from inception to discovery).
The Internal Revenue Service is trying to recoup about $14 billion in revenue that they estimate companies underpay in the employer portion of employment taxes each year.
This quarterly update provides some of the most important tax developments that have occurred in the past three months that may affect you, your family, your investments, and your livelihood.
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