by Leif Jensen | Feb 4, 2019 | General |
Do you have a data backup policy to ensure your business continuity in the event of a disaster, error or computer failure? Even with a backup system and plan in place, I once lost data that needed to be recreated several years ago. I remember how much fun...
by Leif Jensen | Jan 30, 2019 | General |
Many companies collect personal information from their customers, including names, addresses, and phone numbers; bank and credit card account numbers; income and credit histories; and Social Security numbers. The Gramm-Leach-Bliley (GLB) Act requires companies defined...
by Leif Jensen | Jan 29, 2019 | General |
The IRS has the following suggestions and following steps to help protect businesses from identity theft. Respond to questions prompted by software to provide additional information to help verify the legitimacy of the tax return. These questions include the...
by Leif Jensen | Jan 28, 2019 | General |
Surprise small businesses are also at risk for identity theft. Businesses and their employees can and have had their identities stolen and their personal information used to open credit card accounts or file fraudulent tax returns to obtain false refunds. In the past...
by Leif Jensen | Jan 23, 2019 | General |
Traders are those who approach trading investment property as a full-time business: rather than as a hobby and generally receive their primary income from their trading activities. Their trades are frequent, regular, continuous, and substantial. They trade solely for...
by Leif Jensen | Jan 22, 2019 | General |
In 2014 the IRS issued Notice 2014-21 to provide guidance and some basic tax principles concerning virtual currency (i.e. Bitcoin, Litecoin, Monero, Dogecoin,NEM, etc.). The notice establishes that virtual currency is to be treated as property. So as property, the tax...
