2017 September : D.E. Rodrigues and Company

Stay away from structuring

Written by Doug Rodrigues September 20, 2017

Avoiding bank reporting by manipulating cash transactions is called structuring – and it’s against the law. Know the rules around structuring and how to make sure your business isn’t questioned by the IRS. In an effort to identify questionable illegal transactions, financial institutions are required to report any monetary amounts over $10,000 to the Treasury Department. If someone knowingly structures...

Is there a real IRS agent at my doorstep?

Written by Doug Rodrigues September 13, 2017

If an IRS agent makes an in-person visit to your home or business and it feels a little off, ask for credentials. All real IRS agents should carry two forms of identification showing that they’re legit – a personal identity verification card and a pocket commission card. And regardless of how an agent is contacting you, you can always ask...

Startups – Time is running out for year end tax planning

Written by Doug Rodrigues September 12, 2017

Do you know of anyone who has started up a business this year? Did you know that, according to the SBA, over half of start up companies fail in the 1st 3 yrs because of a lack of knowledge and planning. We have the experience and knowledge to help startups with the financial requirements of running a business. There are...

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D.E. Rodrigues & Company Accounting Blog

September 2017