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Unemployment Claims Drop to 15-Year Low Says Labor Dept.

Troy Waugh Inducted into The Advisory Board Hall of Fame

Checklist Helps Tax Professionals Keep Track of Healthcare Law Reporting Requirements

How to Get a Charitable Tax Deduction Without Donating Anything

5 Innovation Killers that Lurk Inside Many Businesses

New Report Focuses on Capitalizing or Deducting Expenditures under Tangible Property Regs

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IRS and British Tax Agency to Co-Host International Criminal Tax Symposium

IRS and British Tax Agency to Co-Host International Criminal Tax Symposium

January 29, 2015

The symposium focused on combatting offshore tax evasion and international financial crimes—including cyber-crime—and brought together delegates from criminal tax and enforcement programs from the U.S., Australia, Canada, The Netherlands, New Zealand...

Theives Ram SUV into Wells Fargo Gold Rush Museum

Theives Ram SUV into Wells Fargo Gold Rush Museum

January 29, 2015

The thieves rammed a Chevrolet Suburban through the museum's revolving door around 2:30 a.m. Tuesday. One of them held a security guard at gunpoint while the others took up to 10 ounces of gold nuggets worth an estimated $10,000 from a display case.

Employees or Contractors: Which Should a Business Hire?

Employees or Contractors: Which Should a Business Hire?

Busy season has arrived and with it comes longer days and increased workloads. As you help your clients prepare for tax season, it’s imperative that you take the time to assess your own needs to navigate through the season.

For 2015, A New Year Means New Payroll Withholding

For 2015, A New Year Means New Payroll Withholding

Now that the New Year has started, it’s a great time to perform an audit of your clients’ payroll system to ensure everything is in order. The past few months were spent preparing clients for the upcoming year and making changes to employees’ ...

Surveys: The New Scam To Get Your Personal Data

Surveys: The New Scam To Get Your Personal Data

The currency of the Internet today is not BitCoin, it is not the dozens of “wallet” products used to buy products, and it is not even the “accounts” that have to be set up and loaded from a credit card to make purchases on the never-ending...

Delivery-Based Small Businesses Thriving with Low Gas Prices

Delivery-Based Small Businesses Thriving with Low Gas Prices

January 28, 2015

For small business owners who deliver goods and services via car, truck or SUV, lower gas prices have brought more customers within reach and put more money in their pockets.

Property Management Fraud Increases in Arizona and Nevada

Property Management Fraud Increases in Arizona and Nevada

January 28, 2015

Arizona was among the states hit hardest by the housing crisis, making affordable properties appealing for local and out-of-town buyers. Those investors contributed to rising demand for property-management services -- and a surge in...

FASB and PCC to Hold Private Company Town Hall at Southern Methodist University

FASB and PCC to Hold Private Company "Town Hall" at Southern Methodist University

January 28, 2015

The Financial Accounting Standards Board (FASB) and the Private Company Council (PCC) will host their fourth Private Company Town Hall Meeting on April 28, 2015, at Southern Methodist University in Dallas, Texas. The town hall meeting will take place...

IRS Looking for Offshore Tax Schemes and Scams

IRS Looking for Offshore Tax Schemes and Scams

January 28, 2015

Avoiding taxes by hiding money or assets in unreported offshore accounts remains on the annual Internal Revenue Service list of tax scams known as the “Dirty Dozen” for the 2015 filing season.

Snow Day Shutdown Cost New York Economy $200M

Snow Day Shutdown Cost New York Economy $200M

January 27, 2015

New York City lost about $200 million in economic activity in the fizzled snow storm and decision to shut down the transit system, but it wasn't a crippling loss, according to a preliminary estimate from Moody's Analytics.

Georgia CPAs Prepare for Event at State Capitol

Georgia CPAs Prepare for Event at State Capitol

January 27, 2015

More than 200 Certified Public Accountants (CPAs) from across Georgia are preparing to meet on January 29 for the 2015 CPA Day at the Gold Dome.

Prager Metis CPAs Completes Merger with Polakoff and Michaelson

January 27, 2015

The accounting and business consulting firm of Prager Metis CPAs, LLC, has completed a merger with Polakoff & Michaelson, CPA, P.C., a boutique accounting firm based in New York City, which focuses on Family Office Service.

IRS Warns of Shady Tax Preparers, Advises Taxpayers to Use CPAs or EAs

IRS Warns of Shady Tax Preparers, Advises Taxpayers to Use CPAs or EAs

January 27, 2015

The Internal Revenue Service is once again warning taxpayers to be on the lookout for unscrupulous income tax return preparers, one of the most common “Dirty Dozen” tax scams seen during tax season.

Accounting Firms Should Focus on Solutions to Attract the Strongest Staff

Accounting Firms Should Focus on Solutions to Attract the Strongest Staff

With the critical pursuit of talent in the accounting industry, firms will likely encounter candidates or new hires who on the surface appear disciplined and solution-focused but in the end lack the fortitude to survive — let alone thrive — in a ...

8 Tips to Reduce the Risk of Identity Theft

8 Tips to Reduce the Risk of Identity Theft

January 26, 2015

The Internal Revenue Service has issued a filing season alert warning taxpayers to watch out for identity theft at tax time, one of the year’s “Dirty Dozen” tax scams. The IRS continues to aggressively pursue the criminals that file fraudulent...

National Average Sales Tax at 5.45%, While  201 Localities Changed Indirect Tax Policies

National Average Sales Tax at 5.45%, While 201 Localities Changed Indirect Tax Policies

January 26, 2015

While the average U.S. sales tax rate remained unchanged in the fourth quarter, the number of indirect tax changes increased from the previous quarter, according to the latest ONESOURCE Indirect Tax report from Thomson Reuters.

SkyMall Magazine Files for Bankruptcy

SkyMall Magazine Files for Bankruptcy

January 26, 2015

SkyMall, the company behind the ubiquitous in-flight catalogs known for kitschy items, filed for Chapter 11 bankruptcy protection on Thursday following struggles to reach passengers who are now immersed in their smartphones and tablets.

There's Still Some Juice Left in the Residential Energy Tax Credit for 2014 Returns

There's Still Some Juice Left in the Residential Energy Tax Credit for 2014 Returns

January 26, 2015

It’s not quite “lights out” yet for the residential energy credit. This tax break for homeowners, which has expired and been renewed numerous times in the past –sometimes with modifications -- was extended once again by the Tax Increase Prevention...

QuickBooks Connect Conference 2015 Slated for Nov. 2 in San Jose

QuickBooks Connect Conference 2015 Slated for Nov. 2 in San Jose

January 26, 2015

Intuit has announced the second annual QuickBooks Connect conference will be held in San Jose, California, on November 2. Last year, the inaugural event brought together nearly 4,000 entrepreneurs, small businesses, accounting professionals and ...

3 Ways Obamacare Affects Your Income Tax Return

3 Ways Obamacare Affects Your Income Tax Return

January 26, 2015

Unless you’ve been way out of touch, you probably know that a key part of the Affordable Care Act (ACA), aka Obamacare, requires that taxpayers have qualifying health care coverage. Those without will need to qualify for an exemption, or pay a penalty.

Intuit Partners with Stripe to Simplify Taxes for Self-Employed Workers

Intuit Partners with Stripe to Simplify Taxes for Self-Employed Workers

January 26, 2015

Intuit has released a new integration with for marketplaces running on the Stripe online payment network. The features will allow “drivers”, "Rabbits" and "campaign creators" of sharing economy companies to automate tax reporting via the ...

Tallie Users Can Now Receive CPE Credits

Tallie Users Can Now Receive CPE Credits

January 24, 2015

Professional accountants using the cloud expense management system Tallie can now earn continuing professional education credits through Tallie training sessions.

Business Travelers Rank Favorite Restaurants, Airlines and Hotels

Business Travelers Rank Favorite Restaurants, Airlines and Hotels

January 24, 2015

The quarterly report shows how and where business travelers spend the "company dime," from hotels and airlines, to favorite fast food restaurants, car rental companies and yes, even taxi-style car service providers.

How 401(k) Plans Save Money and Reduce Taxes

How 401(k) Plans Save Money and Reduce Taxes

January 24, 2015

Are you participating in an employer-sponsored retirement plan? If your company has one, consider yourself fortunate. But if you’ve been ignoring whatever your company is offering, this year make a resolution to get the facts. A good retirement...

R&D Tax Credit Survives Latest Round of Tax Legislation

R&D Tax Credit Survives Latest Round of Tax Legislation

January 24, 2015

The research credit is like the cat with nine lives…except it’s more. This credit, which technically expired after 2013, was just reinstated by the Tax Increase Prevention Act (TIPA) retroactive to January 1, 2014. By last count, it’s the 16th...