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HURRICANE HARVEY TAX RELIEF

Posted by Admin Posted on Sept 01 2017

EEPB, P.C. is open during regular business hours, Monday through Friday from 8am – 5 pm.  We hope that you were not affected by Hurricane Harvey, but if you were, please read the following valuable information.

The IRS has provided tax relief for the victims of Hurricane Harvey residing in several Texas counties. Additional counties are being added to the tax relief regularly.  The tax relief postpones various tax filing and payment deadlines that occur starting on 8/23/17. Affected individuals and businesses now have until 1/31/18 to file returns and pay any taxes that are originally due during the relief period. This includes the following:

  • ‚ÄčThird and fourth quarter 2017 estimated tax payments
  • Extended 2016 individual & business income tax returns originally due 10/16/17
  • Extended 2016 business income tax returns originally due 9/15/17
  • Extended 2016 Trust income tax returns originally due 10/02/17
  • Quarterly payroll and excise tax returns

 

The IRS noted that tax payments related to 2016 individual tax returns were originally due on 4/18/2017, and therefore, not eligible for this relief.  Penalties and interest will continue to accumulate until you pay your 2016 individual tax liability.

Please follow the link below for the full details related to the Hurricane Harvey IRS tax relief.

https://www.irs.gov/newsroom/tax-relief-for-victims-of-hurricane-harvey-in-texas

If you need additional assistance or would like to discuss how you were specifically impacted by Hurricane Harvey and how EEPB can help, please give us a call at 713-622-0016.

Posted by Admin Posted on Mar 22 2017

ARE YOUR EMPLOYEES TRAINED TO GUARD AGAINST RISK?

Posted by Admin Posted on Jan 09 2017

Many companies, especially smaller ones, minimize in-house training to cut costs. But the current business environment — with its hard-to-predict changes, external threats and regulatory demands — is causing some owners to rethink this strategy. A strong training program can not only help you attract and retain quality talent, but can also help you reduce operational risk. 

Renewed emphasis

Today’s companies face many challenges beyond simply turning a profit. Many industries are highly regulated, and just about every type of business has become, in some sense, technology-dependent. This has brought a renewed emphasis on risk management. 
One of the keys to managing operational risk is well-trained personnel at all levels. After all, no matter how carefully a business designs its policies, procedures and controls, they’re only as reliable as the employees entrusted to implement them.

2 examples to consider

Here are just a couple of examples of operational risks that can be reduced with good training:

1. Compliance. As mentioned, many businesses are now more heavily regulated. (This may change with the incoming presidential administration, but it’s hard to say when or how any deregulatory measures may occur.) Failure to comply with federal, state or local regulations can expose your company to penalties ranging from monetary fines, to rescission of loans or other contracts, to criminal liability. Train your employees to avoid breaking the rules and to spot compliance threats when they arise.

2. Cybersecurity. As companies’ reliance on technology and automation continues to increase, so does the risk of cyberattacks. Although the techniques cybercriminals use are becoming more sophisticated, many businesses also remain vulnerable to simple tactics, such as email phishing. 

Phishing involves sending emails to employees or customers that appear to be from a legitimate source. By tricking recipients into clicking on links that install malware, cybercriminals can gain access to company assets or customers’ sensitive personal information. Teach your staff how to deal with suspicious emails and other technology-related threats. 

On the lookout

It’s not enough to be aware of risks to your business at the ownership or management level. You’ve got to train your employees to be on the lookout, too. Please contact our firm for help.

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Posted by Admin Posted on Jan 23 2015
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