Why preventing expense fraud matters: Notorious expense fraud cases from the past 2 decades
In our last blog we talked about the steps that companies can (and should) take to reduce expense fraud. This week, we wanted to highlight some of the most notorious cases of expense fraud that have happened within the past 2 decades. Jim Harrick In 1996, UCLA’s head men’s basketball coach was fired for expense […]
Top accounting terms that all business owners should be familiar with
If you’re not a licensed accountant or CPA, accounting terms likely sound a bit Greek to you. And while no one expects you to be fully familiar with all accounting lingo, there are several terms that all business owners should familiarize themselves with. Balance sheet If you own a business, you should know what a […]
Job opportunities here at Hughes, Snell & Co
Who we are Hughes, Snell & Co. is a full-service leading accounting firm located in Southwest Florida. Where our professional team provides clients with personalized focus and experience in accounting, tax and business advisory services. We make it our mission to conquer personal or business financial challenges and goals. Why us If you are interested […]
How to Prevent Expense Fraud
Employee expense reimbursement fraud is costly to businesses- and in 2021 it was estimated that the average cost to businesses (with fewer than 100 employees) was in the realm of $30,000 per year. Not to mention, that if one or more employees commits lower-level expense fraud (such as expensing meals and/or fictitious mileage reimbursement requests), […]
Tax Season Deadlines You’ll Want to Be Aware Of
Tax season is in full swing- and if you haven’t already started preparing for it, you’ll want to get started right away. Below are just a few of the dates and deadlines you’ll want to keep in mind. Most people need to file their taxes by April 18 According to a press statement by the […]
When should I start prepping for my tax appointment?
Tax season is fast approaching—and it’s never too early to start prepping for your tax appointment. Ideally, you would have started preparing for your 2021 tax appointment at the start of that tax year. When you begin to organize your finances sooner than later, it will make filing that year’s taxes much easier. Consider […]
What Happens if You Forget to File a 1099 Form?
If you’re a self-employed freelancer or you own a small business, you may receive one or more 1099 forms from your clients. As a general rule of thumb, any client that paid you more than $600 for goods or services during the 2021 tax year is required by ghostwriting hausarbeit. You should also keep […]
IRS warns of offer in compromise tax scams
If you or someone you care for has tax debt with the IRS, it’s natural to want to find a way to settle the debt as quickly and seamlessly as possible. In some cases, this involves making a one-time direct payment to the Internal Revenue Service. On the other hand, if you’re unable to pay […]
Benefits of Working with a CPA Versus and Accountant
Benefits of Working with a CPA Versus an Accountant If you’re in the process of evaluating your finances and you have questions about tax planning, the tax benefits associated with incorporating your business, or you have questions about estate planning, you’ll want to speak with a professional. But at this point, you may be wondering […]
Corporation Types: What to Know About Choosing a Business Structure
If you’re about to start a business, you’ll need to decide which type of legal structure you want for your company. Although this is important for a variety of reasons, among the most notable is that your business’s legal structure will play a role in how much you’ll pay in taxes. The most common types […]