Latest Articles

Go Paperless 1  55d5dcb1f2a37

January 31, 2017 

5 Reasons To Go Paperless This Tax Season

As tax season approaches, businesses of all sizes should be reevaluating workflow practices to improve office operations, efficiency, and profitability. Electronic document management can create quick wins on an organization’s balance sheet, lower ...

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January 31, 2017 

Private Debt Collectors for IRS Complicate Fraud and Scam Detection

The IRS has selected four private companies to assist with tax collections during the 2016 tax return filing season. But don’t open up your door – or reveal sensitive tax information – to just anyone. Scam artists can pose as IRS agents or private tax collectors as a way to file fraudulent returns. The targets...…

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January 30, 2017 

Professional Liability Insurance for Accountants and Accounting Firms

The Herbert H. Landy Insurance Agency, Inc. has been a national leader in providing Professional Liability Insurance and Errors and Omissions (E & O Insurance) since 1949. We offer coverage through some of the finest, most financially-sound insurance companies to assist our clients in obtaining the best combination of coverage and cost to fit their...…

John-Koskinen1

January 29, 2017 

Will Trump Fire IRS Commissioner Koskinen?

President Donald Trump – billionaire and former star of the TC show “the Apprentice” – could soon be informing IRS Commissioner John Koskinen, “You’re fired.”

mobility

January 27, 2017 

Deloitte: New Mobile Systems are Remaking Urban Landscapes

As new technologies and social trends transform how people live and travel, companies and governments now have a pivotal opportunity to take advantage of and shape the future, according to the 20th edition of Deloitte Review. The report outlines ...

business meal

January 27, 2017 

Tax Court Cracks Down on Business Meal Expenses

The IRS is notoriously stingy when it comes to deducting business meal expenses. Usually, if you can’t meet the substantiation rules under the strict letter of the tax law, it will disallow the deduction. Of course, you can take your chances in Tax ...

Ken Berry, JD

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January 27, 2017 

Survey: Month-End Bookkeeping Processes Are No Fun

Month-end bookkeeping and business management processes are labor-intensive, prone to error, create stress in staff, and can even hurt personal relationships, according to a new survey from FloQast, Inc.

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January 27, 2017 

Grandparents May Be Eligible for EITC

Grandparents and other relatives care for millions of children, but are often not aware that they could claim the children under their care for the EITC. A grandparent who is working and has a grandchild who is a qualifying child living with him or ...