Category Archives: Business

Jawbone Trade Secrets Case Leads to 6 Fitbit Staff Indictment

Posted on June 18, 2018 by Camron Hoorfar

In a statement released by the Department of Justice, six former and current Fitbit Inc. employees were charged for possessing trade secrets stolen from their competitor Jawbone. Each employee had worked previously at Jawbone for a minimum of a year … Continue reading →

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Prepare for Hurricanes, Disasters by Safeguarding Tax Records

Posted on June 30, 2011 by Camron Hoorfar

The 2011 hurricane season starts today, and the Internal Revenue Service encourages individuals and businesses to safeguard themselves against natural disasters by taking a few simple steps. Create a Backup Set of Records Electronically Taxpayers should keep a set of … Continue reading →

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FBAR Filing Deadline Extended for Certain Financial Professionals

Posted on June 1, 2011 by Camron Hoorfar

The Internal Revenue Service and the Financial Crimes Enforcement Network (FinCEN) today announced that a small subset of individuals with only signature authority required to file the Report of Foreign Bank and Financial Accounts (FBARs) will receive a one-year extension … Continue reading →

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Employee Business Expenses

Posted on March 18, 2011 by Camron Hoorfar

If you itemize deductions and are an employee, you may be able to deduct certain work-related expenses. The IRS has put together the following facts to help you determine which expenses may be deducted as an employee business expense. Expenses … Continue reading →

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IRS Releases Form to Help Small Businesses

Posted on September 7, 2010 by Camron Hoorfar

The Internal Revenue Service today released a draft version of the form that small businesses and tax-exempt organizations will use to calculate the small business health care tax credit when they file income tax returns next year. The IRS also … Continue reading →

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Six Tax Tips for New Business Owners

Posted on July 16, 2010 by Camron Hoorfar

Are you opening a new business this summer? The IRS has many resources available for individuals that are opening a new business. Here are six tax tips the IRS wants new business owners to know. First, you must decide what … Continue reading →

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Form to Claim Payroll Tax Exemption for Hiring New Workers Now Available

Posted on May 19, 2010 by Camron Hoorfar

The Internal Revenue Service has posted on its website the newly-revised payroll tax form that most eligible employers can use to claim the special payroll tax exemption that applies to many new workers hired during 2010. Designed to encourage employers … Continue reading →

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IRS Offers Details on New Small Business Health Care Tax Credit

Posted on May 17, 2010 by Camron Hoorfar

The Internal Revenue Service issued new guidance to make it easier for small businesses to determine whether they are eligible for the new health care tax credit under the Affordable Care Act and how large a credit they will receive. … Continue reading →

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Five Tips for Great Record-Keeping

Posted on May 14, 2010 by Camron Hoorfar

There are many records you have that may help document items on your tax return. You’ll need this documentation should the IRS select your return for examination. Here are five tips from the IRS about keeping good records. Normally, tax … Continue reading →

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Tax-Free Employer-Provided Health Coverage Now Available for Children under Age 27

Posted on May 6, 2010 by Camron Hoorfar

As a result of changes made by the recently enacted Affordable Care Act, health coverage provided for an employee’s children under 27 years of age is now generally tax-free to the employee, effective March 30, 2010. The Internal Revenue Service … Continue reading →

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