Latest Articles

November 2, 2017 

The current graduated seven-bracket structure would be reduced to four rates of 12%, 25%, 35% and 39.6%. The previous plan was based on only three brackets with a top rate of 35% and didn’t specify income amounts. Thus, this new plans preserves the ...

Ken Berry, JD

November 2, 2017 

Sometimes called secure scheduling, fair scheduling, or restrictive scheduling, new employment laws are creating major compliance requirements for businesses. Currently 5 cities and 1 state have passed some form of a scheduling law.

November 2, 2017 

Twenty-seven states — plus Washington, D.C. — index their minimum wages to rise automatically with the cost of living. More states will index minimum wage increases annually, starting in the following years, like: Minnesota (2018), Michigan (2019) and ...

November 2, 2017 

The plan would also repeal the alternative minimum tax (AMT) and the estate tax, while preserving the current status quo tax deferred treatment of 401(k) and similar accounts.

November 2, 2017 

The acquisition combines two customer-centric, accounting vertical-focused market leaders, bringing together a comprehensive set of offerings that address every step of the cloud journey for CPA firms, accounting professionals and their SMB clients.

November 2, 2017 

Taxpayers can start efiling their returns as soon as January 12, 2018 for taxes overpaid (refunds) in tax year 2017, using either an income tax preparer or through do-it-yourself tax programs. Filing early can greatly speed up the refund process, ...

November 2, 2017 

Because a higher Consumer Price Index (CPI) pushes the ranges of the income brackets upward and also increases the standard deduction and exemption amounts, the taxes due on the same income decrease from year to year. For example, suppose married ...

November 2, 2017 

The amount of the penalty is based on when you file the correct information return or furnish the correct payee statement. The penalty for not filing a correct information return is separate from the penalty for not providing the correct payee statement.

November 1, 2017 

All in an effort to minimize filing fraudsters, the IRS has accelerated major information form filing. And to drive home their emphasis, the IRS has drastically increased penalties.

November 1, 2017 

Modern businesses with high growth targets no longer use the slow-build “brick and mortar” approach, instead they’re built from the ground up with digital and global operations in mind. The phenomenon began with ecommerce and adtech - essentially the ...

November 1, 2017 

Applying Golden’s original techniques for up-front pricing, Fore LLC provides education and implementation consulting to CPA firms committed to converting from a time-based billing model to pricing their work in advance.

November 1, 2017 

Recent studies show that videos are dominating online activity, with 78 percent of people watching videos online every week and 55 percent watching videos online daily. TaxVid makes it affordable for tax firms of all sizes to keep up with internet ...