Latest Articles

July 17, 2018 

Love going on vacation but worried about taking time off? You’re not alone. The majority of workers in a recent Accountemps survey said they typically check in with the office at least once or twice a week during their vacation.

Paul McDonald

July 16, 2018 

A trick to move money from a higher tax bracket to a lower tax bracket is to pay your children a salary. In 2018, you can pay someone $9,500 and they are not required to file a tax return. My advice is always to put the kid’s salary into a 529 ...

July 16, 2018 

While the South Dakota law which lead to the Supreme Court ruling envisions a $100,000 annual sales threshold, multiple large U.S. businesses as well as organizations such as the National Taxpayers Union Foundation have expressed their reservations or ...

July 16, 2018 

With Bill.com International Business Payments, users can now pay both international and domestic vendors electronically using one simple process, while getting visibility and control with detailed payment information all in one place. In addition to ...

July 16, 2018 

While I agree that some of these are important, I wonder if the IRS is seeing what the rest of professionals are seeing as trends in the industry. While I agree that S-Corporation Distributions are out of control, the IRS is approaching these ...

July 16, 2018 

It’s not only CPA firm marketing professionals and consultants who encourage CPAs to ask their referral sources for leads. Referral sources themselves expect to be asked for leads. While moderating a panel of referral sources for a client training program the panelists described good referral sources as those who: Reciprocate leads Provide value for fees...…

July 12, 2018 

A survey from Franklin Templeton Investments about retirement costs found that Americans are most concerned about how they’ll cover medical and pharmaceuticals bills. Those fears are well-founded, given the high costs of nursing homes, assisted living, ..

July 12, 2018 

Small business owners constantly have a lot to think about, so it’s understandable that taxes may not always be top of mind. However, with most major provisions of the Tax Cuts and Jobs Act being implemented in 2018, now is the time to start making ...

July 12, 2018 

Before starting a summer job, taking a vacation or sending the kids off to camp, the Internal Revenue Service wants taxpayers to know that some summertime activities may qualify for tax credits or deductions. The IRS also recommends that taxpayers ...

July 12, 2018 

Wolters Kluwer Tax & Accounting is offering the timely live webinar, Sales Tax Nexus – Post Wayfair, hosted by internationally recognized tax expert Mark Friedlich, Esq, CPA and Senior Director Corporate Indirect Tax at Wolters Kluwer Tax & ...

July 12, 2018 

There used to be a time when brick and mortar stores thought they were losing ground to upstarts like Amazon, who initially didn’t charge sales tax because Amazon didn’t have a physical presence in the state where the sale was made. Eventually Amazon ...

July 12, 2018 

I read a lot of Tax Court Cases, and this one had me so confused, I thought the taxpayers were doing the case pro se (representing themselves). This is a case of an attorney just wanting to collect a large fee, because there is no legal footing ...