Echelon Member Blog
Recordkeeping: The Key to Smooth Tax Transactions
Well-organized records make it easier to prepare a tax return and help provide answers if your return is selected for examination or if you receive an IRS notice. OK… here’s the deal. As a tax-payer, ...
Protecting Yourself from Home Title Fraud
Property fraud can be a real issue if you have a home you don’t live in. What is home title fraud? Home title fraud, also known as property fraud or deed fraud, occurs when someone fraudulently record...
A Blender & Tax Resolution
One accountant’s reflection on what a 1960s blender and tax resolution services have in common. The Good Old Days When I was a kid, growing up in the late ‘50s through the early ‘70s, my father sold h...
Internal Attacks: Watch Your Back!
Assaults by way of scams and cyber attacks don’t just come from outside your business! Today’s cautionary tale is brought to us from the East Coast, where the office operations manager at a big law fi...
New Anti-Money Laundering Law
The new anti-money laundering law creates new reporting obligations for businesses In an effort to combat money laundering, Congress passed the Corporate Transparency Act (“CTA”) on January 1, 2021. T...
Price or Terms: The Structure of the Deal
Is price or terms better when buying or selling a business? It all depends on the structure of the deal. An old saying in negotiating the sale of a business goes like this: The buyer says to the ...
Taxation of Cryptocurrency and NFTs: New Rules Coming
Cryptocurrency, a type of digital currency that uses cryptography for security and anti-counterfeiting measures and is not controlled by any bank or government, is becoming more mainstream as more com...
Four Tips to Buying a First Home
Buying your first home can be intimidating, and how to prepare for that purchase can be unclear as you begin your journey. As a lender who specializes in assisting first-time home buyers, there are ma...
A Proposed Solution to Our Current Tax System
It’s time to take a fresh look at how we tax people here in the United States. While the IRS is a necessary entity that serves a legitimate purpose, we as a country need to shift our approach toward a...