Although there are many digital safeguards in place to protect sensitive data online, following proper cyber security protocol is paramount for all members of your company, especially as we enter into tax season. Agilitec IT has put together this list of cyber security best practices to help keep your personal and business information secure online Read More

Just before recessing for the holidays, the House and Senate have passed the Consolidated Appropriations Act, 2020. The new Act averts a government shutdown that would have begun on December 21, 2019. The House passed the bill on December 17, 2019 by a vote of 297 to 120, while the Senate passed the bill on Read More

Limited Liability Companies (LLCs) come in all shapes and sizes, including multi-national companies like Chrysler, Cargill and Toyota. It’s easy to put up an LLC, protect your business against personal liability, and have a flexible tax payment structure. You can make multiple LLCs without any legal limitation. However, be prepared for some serious paperwork. Many Read More

Many small and medium-sized businesses rely on bookkeepers and accountants for routine financial needs, such as accounts receivable, accounts payable and payroll. While these roles are essential, there are some cases when a higher level of expertise is necessary, and you’ll want to engage with a professional with more education, more experience and the proper Read More

Virtual currency, also referred to as digital currency or cryptocurrency, makes it possible for individuals to send or receive payments without using conventional paper currency. Some of the most prevalent forms of virtual currency include bitcoin, litecoin, and ethereum. It’s increasingly common for workers to be paid in virtual currency or for retailers to accept virtual Read More

The Tax Cuts and Jobs Act (TCJA) was officially signed into law in December of 2017. This legislation brought a significant overhaul to the tax code for individual taxpayers and tax-paying businesses. One area impacted by TCJA is how businesses must handle deductions for property depreciation and business expenses. Guidelines for the Deduction of Property Read More

Social Security fraud is becoming increasingly common, primarily because individuals don’t know the warning signs. In order to prevent falling victim to the Suspended Social Security Number scam, you must first understand how it works. Find out how to identify scammers and scam tactics in this article.