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Accounting Firms Decosimo and Elliott Davis to Merge

4 Tax Reasons that Now is the Time to Convert to a Roth IRA

Some Tax Deductions and Credits to Get Better for 2015

Taxes After the Election? KPMG and Bloomberg BNA to Host Free Webcast

Identity Theft Takes More than Just Money From Victims

AICPA Honors Accounting Educators for Innovative Curriculum

Audit Quality Group Congratulates Internal Audit Case Study Competition

Media Center

How to Lock Down Home Office Tax Deductions

How to Lock Down Home Office Tax Deductions

October 29, 2014

Make no mistake about it, the home office deduction rules are filled with potential landmines for the unwary. However, if you give clients the IRS-approved blueprint, they can preserve deductions for 2014.

CPAs Asked What Challenges They Face, How Often They Brief Clients

CPAs Asked What Challenges They Face, How Often They Brief Clients

October 28, 2014

Accounting technology maker Wolters Kluwer, CCH is again asking CPAs, accountants, tax professionals and other attendees at its CCH Connections User Conference 2014 ito respond to daily poll questions, and then shares the results via a large monitor.

Intuit Introduces New Benefits for Tax Professionals

Intuit Introduces New Benefits for Tax Professionals

October 28, 2014

Intuit is introducing three new programs aimed to make tax professionals more profitable with incentives up to $25 per return, free software offers and a free service to find new clients.

Report: IRS Failing to Provide ID Protection PIN Numbers to Some ID Theft Victims

Report: IRS Failing to Provide ID Protection PIN Numbers to Some ID Theft Victims

October 28, 2014

The IRS is failing to provide personal identity numbers to all taxpayers who are the victims of tax-related identity theft, according to a report publicly released today by the Treasury Inspector General for Tax Administration ...

3 Marketing Mistakes Tax Professionals Should Avoid This Tax Season

3 Marketing Mistakes Tax Professionals Should Avoid This Tax Season

October 28, 2014

So what is the key to succeeding this tax season? Marketing – and lots of it. But marketing alone isn’t enough; you have to market well…

November Is National Entrepreneurship Month: How are Small Businesses Doing This Year?

November Is National Entrepreneurship Month: How are Small Businesses Doing This Year?

October 28, 2014

Fall has plenty in store for small businesses. October is National Women's Small Business Month, highlighting the many advancements and achievements of female entrepreneurs in the U.S. economy. After that, November is National Entrepreneurship Month, a...

Will Congress Restore Sec. 179 Tax Deduction Limits? It's a Waiting Game

Will Congress Restore Sec. 179 Tax Deduction Limits? It's a Waiting Game

October 28, 2014

The ultimate fate of the Section 179 deduction remains unclear. As things stand now, the maximum allowance will remain at the lowest level it’s been since the year 2000, a mere $25,000. Of course, Congress may still get its act together to restore...

Cullari Carrico Merges with New Jersey Accounting Firm

Cullari Carrico Merges with New Jersey Accounting Firm

October 28, 2014

Cullari, Carrico, Soojian, Burke, LCC, a five-partner firm headquartered here, has merged with Levin, Bartlett, Swantic & Co., LLC of Franklin Lakes, N.J., effective November 1, 2014.

IRS Offers Spanish Language Info and Videos on Affordable Care Act

IRS Offers Spanish Language Info and Videos on Affordable Care Act

October 28, 2014

The Internal Revenue Service has released several options for Spanish speakers to get information about the tax provisions of the Affordable Care Act. Two recently issued YouTube videos feature IRS Commissioner John Koskinen: Disposición de La ...

Professionals on the Move – October 28, 2014

Professionals on the Move – October 28, 2014

October 28, 2014

A weekly roundup of professionals in the tax and accounting profession that have changed jobs and/or been promoted.

Intuit Connects with Conference Attendees at 2014 QuickBooks Connect

Intuit Connects with Conference Attendees at 2014 QuickBooks Connect

October 28, 2014

Intuit, known for its financial software including Quicken, QuickBooks, TurboTax, Lacerte, ProSeries, and more, has joined the ranks of many vendors that serve the accounting community in hosting its inaugural user conference to an audience of thousands...

Xcentric Cloud Hosted Solutions

Xcentric Cloud Hosted Solutions

From XCM Solutions LLC

Technology has reached a point where it is nearly impossible for a CPA firm to keep up with regulations, security, ease of use, and reliability while staying within a reasonable budget. This is where the Xcentric Cloud enters the picture to help...

Ohio CPA Society Focuses on More Diversity in Accounting Firms

Ohio CPA Society Focuses on More Diversity in Accounting Firms

October 27, 2014

The Ohio Society of CPAs (OSCPA) is putting a stronger emphasis on creating a more inclusive and diverse accounting profession, and addressing issues of targeted groups within the profession with several recent appointments to ...

Harvard, MIT and $100,000 in Free Consulting: How One Accounting Firm Plans to Hit Aggressive Growth Goals

Harvard, MIT and $100,000 in Free Consulting: How One Accounting Firm Plans to Hit Aggressive Growth Goals

October 27, 2014

Imagine having 80 of the finest, Ivy League-educated minds at your disposal for 10 days. They encompass a variety of academic backgrounds from science to medicine to law. Their sole purpose is to thoroughly examine your firm, customer base, industry and...

Hey Tax Pros, Don't Forget to Renew Your PTIN

Hey Tax Pros, Don't Forget to Renew Your PTIN

October 27, 2014

The Internal Revenue Service is reminding the more than 690,000 federal tax return preparers in the U.S. that they must renew their Preparer Tax Identification Numbers (PTINs) for 2015. All current PTINs will expire Dec. 31, 2014.

Taxologist of Tomorrow Program Gives Students Hands-On Way to Explore Career

Taxologist of Tomorrow Program Gives Students Hands-On Way to Explore Career

October 27, 2014

Thomson Reuters has launched a new program to help accounting students explore the possibilities of a career as a tax professional. The program, called "Taxologist of Tomorrow", provides high school students with hands-on, technologically driven lessons...

IRS Told to Improve Integration Between its Software Programs

IRS Told to Improve Integration Between its Software Programs

October 27, 2014

If tax processing systems are not properly integrated to deliver filing season functionality, taxpayers may be unable to timely file returns, receive refunds, or obtain timely, accurate customer service.

2014 Review of Cougar Mountain Denali Payroll

BASIC SYSTEM FUNCTIONS: 4.5 Stars Navigation has been substantially improved with the shift from the older CMS package. Instead of stepping through different screens for each employee, there is a summary screen with an Excel like grid, from which...

Survey Shows the Top Trends Facing Accounting Firms

Survey Shows the Top Trends Facing Accounting Firms

October 27, 2014

Successful accounting firms, those that are “Very prepared,” report they can leverage key industry trends to engage clients now and in the future are able to put cash in the bank 10 days faster than those reporting they are “less prepared.”

Tax Pros Offer Tips on Ways Holiday Giving Can Also Earn Tax Benefits

Tax Pros Offer Tips on Ways Holiday Giving Can Also Earn Tax Benefits

October 27, 2014

Considering giving a large cash gift to a loved one during the coming holidays? Thinking of making a big donation to charity or buying small gifts for business associates? Such gestures may provide you with your own present next year: a tax deduction.

BNA Quick Tax Reference App

BNA Quick Tax Reference App

From Bloomberg BNA

Bloomberg BNA's handy Quick Tax Reference Guide gives you access to tax rates and schedules within a few clicks. This easy to use iPhone app includes current tax rates and retroactive ...

How to Get the Biggest Tax Deductions from Charitable Donations

How to Get the Biggest Tax Deductions from Charitable Donations

October 26, 2014

At the end of the year, socially-conscious clients can boost their deductions, and thereby lower their tax bills, by giving a little extra to the charities of their choice. That’s still a sensible tax strategy as 2014 draws to a close. But a recent ...

The End of the Year is Near: Take Your Required Minimum Distributions or Face Big Penalties

The End of the Year is Near: Take Your Required Minimum Distributions or Face Big Penalties

October 26, 2014

Should retirees take money out of their qualified retirement plans like 401(k)s and IRAs to help pay for their living expenses? Most retirement-savers in their 70s or older have little choice: Under the federal tax law, they are mandated to make ...

U.S. Workers More Aware and Focused on Personal Finances

U.S. Workers More Aware and Focused on Personal Finances

October 24, 2014

U.S. employees are more aware, focused, and motivated to improve their overall financial wellness, according to a new study.

Federal Judge Dismisses IRS Lawsuit, Moves Tea Party Scandal to Back Burner

Federal Judge Dismisses IRS Lawsuit, Moves Tea Party Scandal to Back Burner

October 24, 2014

The ongoing “Tea Party” scandal has appeared to loose some steam after a federal judge in the nation’s capital tossed out a lawsuit aimed by conservative nonprofit groups against the IRS (True the Vote, Inc. v. IRS, DC- Dist. Of Columbia, Civil...