An Introduction to Cryptocurrency

An Introduction to Cryptocurrency

Defining cryptocurrency can be difficult. Although precise definitions vary, the Internal Revenue Service (“IRS”) defines cryptocurrency and virtual currency as a digital representation of value that functions as a medium of exchange, a unit of account and/or a store...
Doctor and Dentist Corner: An Ounce of Prevention

Doctor and Dentist Corner: An Ounce of Prevention

Long-term, well trusted employees are an employer’s dream.  In the event that an employee is dishonest, good internal controls can keep that dream from becoming a nightmare. For medical offices, there is a significant risk that employee dishonesty will lead to the...
Nondeductible Employee Parking Expenses

Nondeductible Employee Parking Expenses

Employee parking expenses – how much can your business deduct?   The Tax Cuts and Jobs Act (TCJA) resulted in many tax law changes. One of them was the new rule for determining the deductible portion of employee parking expenses. Under the new Section 274(a)(4),...