Latest Articles

October 12, 2015 

BigTime IQ is the preferred best-in-breed Time and Billing system for accountants. BigTime IQ gives you time & expense tracking, WIP management, billing, workflow & engagement management, budgeting and more. All in a single integrated system designed to increase your gross margins. Utilize the industry’s most powerful integration with Quickbooks Desktop or Online as well...…

October 11, 2015 

The IRS demands that most retirees in their seventies take annual required minimum distributions (RMDs) from their qualified plans and IRAs. And the nation’s tax collection agency means business: Failing to do so can result in one of the most onerous tax

October 9, 2015 

With more businesses utilizing contractors to perform services traditionally relegated to employees, the need for sound 1099 processing and reporting is more important than ever before. There are numerous types of 1099 forms processed and filed ...

Mary Girsch-Bock

October 9, 2015 

The review identified 3,001 preparers with a felony conviction on their application; 87 reported a crime related to Federal tax matters. Processes do not ensure that PTINs assigned to prisoners or individuals barred from preparing tax returns are ...

October 9, 2015 

Teaser

October 9, 2015 

Get a Life! This was a popular saying when I was younger. I have a concern about people who can’t disconnect from technology. Unfortunately, being a technology innovator or being a Luddite has very little to do with physical age, but with attitude.

Randy Johnston

October 9, 2015 

As of Sept. 20, almost 8 million corporations and partnerships e-filed their income tax returns. The IRS estimates that e-file accounts for 77 percent of all corporate and partnership returns filed during 2015. Many corporations and partnerships ...

October 8, 2015 

Florida has been in the news a lot recently, and probably not for reasons that promoters of the Sunshine State would prefer. The spotlight is because hundreds of people have been arrested over the past year for identity theft crimes that involved filing bogus income tax returns for thousands of taxpayers, and then having the…

Isaac M. O'Bannon

October 8, 2015 

The stock market's drop in recent months has no immediate tax effect on the moneys of pre-retirement-age taxpayers whose traditional or Roth IRAs are invested in stocks and mutual funds. That's because neither losses nor gains are recognized within ...

October 8, 2015 

New guidance is available for state and local tax professionals that examines how cloud computing is increasingly affected by state sales taxes.

October 8, 2015 

The FASB has a project underway to improve accounting rules for financial instruments and is expected to issue a final standard in late 2015 to make targeted improvements to existing Generally Accepted Accounting Principles (GAAP).

October 8, 2015 

Fees paid by public and private companies to outside financial auditing firms increased from 3 to 3.4 percent over the last year, according to a report from the Financial Executives Research Foundation.