dbbcpa

COVID-19 Fraud

COVID-19 Scams Are Everywhere Right Now. Be vigilant in a time where spammers and scammers are looking to take advantage of consumers and businesses through fraudulent sales calls, emails, texts, and phishing. COVID-19 Scams  

Small-Business Recovery Loan Fund

Connecticut Governor Lamont announced yesterday that the State of Connecticut, “will roll out a small-business recovery loan fund as early as the beginning of next week to help small to mid-sized companies bridge short-term cash-flow interruptions caused by the economic upheaval precipitated by the coronavirus pandemic,” as reported by the Hartford Business Journal. 

State officials warn businesses about ‘Workplace Compliance – Annual Report’ scam

From Fox 61: HARTFORD – Secretary of the State Denise Merrill and Attorney General George Jepsen are warning businesses across Connecticut about a mailing being sent by “Workplace Compliance Services” purporting to be an official “Annual Report Instruction Form,” alleging that payment is required by Connecticut law. Click the link below for more detail:   … Read more

IRS issues standard mileage rates for 2019

IR-2018-251, December 14, 2018 WASHINGTON — The Internal Revenue Service today issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2019, the standard mileage rates for the use of a car (also vans, pickups or panel … Read more

Categories IRS

Beware of Tax Scams!

Consumer Alerts on Tax Scams ‪Note that the IRS will never: Call to demand immediate payment using a specific payment method such as a prepaid debit card, gift card or wire transfer. Generally, the IRS will first mail you a bill if you owe any taxes. Threaten to immediately bring in local police or other … Read more

Categories IRS

USES OF FINANCIAL REPORTS

Financial statements may be used by different stakeholders for a multitude of purposes. Owners and managers require financial statements to make important business decisions affecting its continued operations. Financial analysis is then performed on these statements, providing management with a more detailed understanding of the figures. Employees need these reports in making collective bargaining agreements with … Read more

Categories Uncategorized