Jerry Jones CPA
Wouldn’t it be nice to have a CPA that you deal directly with, that understands your business, that works in all 50 states and is there for you when you need him?
"I am a small business owner operating an equipment distribution business. I feel fortunate to have known Jerry personally and professionally for over 22 years. Jerry was tempted to walk away when he first saw the mess I had created in growing a small business, but he showed patience and persistence in getting our operation organized. Jerry has advised and assisted me with organizing our accounting system, business and personal planning, real estate acquisition, major supplier negotiations, credit facilities and tax returns. His current with knowledge of tax laws and requirements is reassuring. I would have to characterize Jerry’s approach to accounting and tax returns as very conservative. In short, I have known Jerry through good times and bad and he has proven to be a very valuable recourse to the company and myself. If anyone has any questions. I would be happy to elaborate further".
Will Morgan, WRM Inc

Budget Deal Makes It Easier for IRS to Audit Large Partnerships

By Michael Cohn
NOVEMBER 2, 2015

President Obama signed into law on Monday a two-year budget deal that Congress approved last week to raise the debt limit and avert a default. To help pay for it, the bill includes a provision that will make it easier for the Internal Revenue Service to audit large partnerships, including hedge funds, private equity firms and even accounting firms.

“It’s a total sea change,” said George Hani, chair of the law firm Miller & Chevalier’s tax practice. “It’s revamping and scrapping an old system and coming up with a new system, which is going to make it easier to audit partnerships. The thought before was that the complexity of the old rules meant certain partnerships were not being audited. Now the ability to make an assessment at the entity level just makes it procedurally easier for the IRS to ultimately get the money which is the result of the audit.”

Beware of This Google Docs / Drive Phishing Scam

Top Speed

This phishing scam takes convincing to a whole new level, on a platform many people use on a daily basis. Like most phishing scams this one arrives via email, with the subject of “Documents”. Naturally once you look at the body of the email it tells you to click on what looks like a Google Drive link to an important document.

This is where it gets particularly scary, if you click on this link you are taken to a login page that looks exactly like every other Google log-in page you’ve ever seen. This “fake page is actually hosted on Google’s servers and is served over SSL, making the page even more convincing,” Nick Johnston of Symantec wrote in his blog. Johnston continued, “The scammers have simply created a folder inside a Google Drive account, marked it as public, loaded a file there, and then used Google Drive’s preview feature to get a publicly-accessible URL to include in their message.”

Using and Protecting Your Liability Shield
How your corporate entity can protect you – and how you can protect it

Courtney-ForsterBy: Courtney G. Forster, Esq.

Clients regularly approach me wanting to create a liability shield to protect themselves from personal liability. Most people hear that the best way to protect against personal liability is by forming a corporate entity, but few understand how to go about creating this liability shield or how to use it.

The idea behind a liability shield is that a corporate entity will help protect you from being sued personally when something goes wrong. When used correctly, these entities are a great tool to help you launch a business without risking your personal assets. Unfortunately, all too often small business owners will inadvertently harm or destroy their liability shield through sloppy paperwork, financial errors, and inaccurate bookkeeping. Here are some key tips to keep in mind when forming and operating a corporate entity so you can ensure your corporate liability shield remains strong and intact.

Bring Your Own Device

Carolyn Schrader, CEO of Cyber Security Group, Inc.

We love our devices – smartphones, tablets, laptops. We love being able to read tweets as we stand in line for our morning java, do quick work over lunch, and check emails while we wait for a meeting to start. Bring Your Own Device (BYOD) is part of today’s business technology network.

Unfortunately, BYOD poses huge security issues for businesses. Smartphone theft – with customer data on the device – is one of the most common theft crimes. 30-40% of major city robberies today include smartphone theft. Lost smartphones in bars and taxis is commonplace. Last year, over 10,000 smartphones were lost every month in Chicago taxis alone. Over 1.6 million phones were stolen in the United States in 2012.

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