Business Valuator, Forensic/Litigation Support Accountant, and Accountant Consultants
Business Valuator, Forensic/Litigation Support Accountant, and Accountant Consultants

Dimitri Yimga

Dimitri Yimga

Blog by Dimitri Yimga

The IRS is targeting business transactions in bitcoin and other virtual currencies
Is your small business accepting or using bitcoin or other virtual currencies yet? Familiarize yourself with the tax consequences, because the IRS is targeting users who fail to report and pay tax on transactions.
20.08.19 03:32 PM - Comment(s)
Innocent spouses may get relief from tax liability
If you’re married and file a joint return, what happens if your spouse doesn’t disclose all of his or her income or otherwise doesn’t pay the correct tax owed? You’re generally liable for the full amount but there may be “innocent spouse” relief.
19.08.19 04:32 PM - Comment(s)
The tax implications of being a winner
If you’re fortunate enough to hit a sizable jackpot in the lottery or while gambling, there are tax implications. Here’s a rundown of the basics.
14.08.19 12:53 PM - Comment(s)
The pros and cons of interim reporting
Interim financial reports don’t have to be perfect to give stakeholders insight into midyear financial performance. But it’s important to learn their potential shortcomings to avoid jumping to premature conclusions.
13.08.19 03:07 PM - Comment(s)
Is it time to hire a CFO or controller?
Tick tock, tick tock … if too many moments of your day are spent managing your company’s finances instead of strategically running the business, a CFO or controller might be a good hire.
12.08.19 02:26 PM - Comment(s)
Take a closer look at home office deductions
If you run a business from your home or are otherwise self-employed and use part of your home for business purposes, the home office deduction may provide a valuable tax break.
30.07.19 02:24 PM - Comment(s)
The greatest corporate espionage risk is internal
The threat is coming from inside! Employees motivated by money or who simply talk too freely in public places can expose your company’s trade secrets. Here’s how to prevent corporate espionage.
29.07.19 02:05 PM - Comment(s)
Volunteering for charity: Do you get a tax break?
Do you spend time volunteering for charity? While you can’t deduct the value of your time, you may be able to deduct some of the out-of-pocket costs. Here are the rules.
25.07.19 04:13 PM - Comment(s)
Should you revise your nonprofits bylaws?
Even if your nonprofit’s bylaws are outdated, you can’t just start revising them. First, you need to ensure you have the authority to do so. There are also other considerations. Read more about them.
24.07.19 12:10 PM - Comment(s)
Calculating fraud damages isn't as simple as it may seem
Defrauded companies understandably want to receive the highest restitution award available. But fraud experts must consider several factors when choosing a damages calculation method.
23.07.19 04:58 PM - Comment(s)