Category: Tax

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How The New Tax Law Affects You
06.28.2018 | by scaaadmin

Public Law 115-97, which is commonly known as the Tax Cuts and Jobs Act (TCJA) of 2017 was signed into law by President Donald Trump on December 22, 2017. It is the most sweeping federal tax reform law since 1986. It includes a multitude of provisions that reduces tax rates and modify policies, credits, and deductions for individuals and businesses. While many of the provisions of the TCJA have major…

How to Recognize and Handle E-mail Scams
02.28.2018 | by scaaadmin

E-mail has become a convenient and effective communication tool in recent years. Unfortunately, it also provides scammers a way to target potential victims. One scheme that has become very popular for scammers is a fraud practice called phishing. Phishing is a form of fraud in which the scammer sends legitimate-looking E-mails and pretends to be a reputable business or agency, such as the IRS, to obtain important personal information.  They are…

Red Flags That Trigger an IRS Audit
01.25.2018 | by scaaadmin

What is an IRS Audit? An IRS audit is a review/examination of an organization’s or individual’s accounts and financial information to ensure information is reported correctly according to the tax laws and to verify the reported amount of tax is correct. What is a Red Flag? Every single tax return filed with the IRS is placed through a computer screening process.  A return can be selected for audit by the computer-scoring system known…

Tax Topics – Online Computing Security
12.14.2015 | by scaaadmin

Now and then, we acquire the need for more information about a certain topic and wonder where to get it. In this short blog, I will be posting some topics of my interest. Because this is a TAX section of SCAASolutions, LLP blog, together, we will be looking into a TAX area of an accounting field. Let’s begin with most important part of any public and professional life, the security….