Latest Articles

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November 2, 2015 

Year-End Insights for State and Local Taxes

The deduction for taxes claimed on Schedule A includes amounts paid for state and local income taxes such as the taxes withheld from your paychecks and any estimated taxes paid during the year. It also includes property taxes if you’re a homeowner.

Ken Berry, JD

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November 2, 2015 

Marcum LLP Acquires Chicago Accounting Firm Frost Ruttenberg

The transaction marks the first entry into the Midwest market for Marcum, which has 17 other U.S. offices on the East and West Coasts, plus six abroad. Twenty-one Frost shareholders and principals and 90 professional staff have joined Marcum.

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November 2, 2015 

Nonprofits Struggle with Reporting, Manual Processes

Faced with increased regulatory compliance issues, nonprofit organizations are struggling to keep up with reporting and often waste time manually configuring financials with non-financial software. That is among the findings of a new survey of nearly ...

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October 31, 2015 

#QBConnectOrBust: It’s All About the Ride

It started a little more than a year ago with a suggestion and a few casual conversations. The plan to turn this expedition into a road trip took form through late night texts and raucous phone conferences and plenty of “What if we did this?!” and “That could work!” comments. As the passenger list grew...…

Gail Perry

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October 30, 2015 

5 Need-to-Know Retirement Pointers

In recent years, retirement planning has received plenty of attention. In 2011, the first of the baby boomers reached what used to be known as retirement age. That kicked off an 18-year run for boomers, who’ll be turning 65 at a rate of about 10,000 ...

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October 30, 2015 

Ted Cruz’s Income Tax Plan Shakes up the Status Quo

According to most media reports, Senator Ted Cruz (Rep.-TX) was one of the “winners” in the Republican presidential debate held on October 28. At the very least, the radical tax plan released by Cruz just prior to the debate tip-off is generating ...

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October 30, 2015 

IRS Drops PTIN Fee to $50

The fee for new PTINs and renewals will be $50, down from $64.25 and $63, respectively. The agency also reminded return preparers of major upcoming changes regarding which tax return preparers can represent clients in matters before the IRS.