Tag: payroll

tax write off for ransom - sterling accounting

Can You Get A Tax Write Off If You’ve Paid A Ransom?

tax write off for ransom  - sterling accounting Well, this one is quite an interesting read… and I think you’ll be as surprised as I was to learn that if a business has been the victim of a hacking attack and has paid a ransom – there is a chance they can write off those losses on their taxes.

“The IRS defines a theft as the taking and removing of money or property with the intent to deprive the owner of it. The taking of property must be illegal under the laws of the state where it occurred and it must have been done with criminal intent…” [ Read more here ]

 

how will automation affect the accounting industry? - sterling accounting

How Will Automation Influence The Accounting Industry?

how will automation affect the accounting industry? - sterling accountingAutomation has been in the headlines, making it’s way into a number of industry’s. But what will happen with the accounting industry?

“The computer process allows for easier sorting and analysis of large sets of data, as well as handling everything from driving cars to basic customer interactions to company logistics. But what about the accounting industry?…” [ Read more here ]