Latest Articles

landylogo300dpi_jpg

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

End of Month 300x200 1  588b798e6d80d

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.

grandparent second chance 1  588b6d7a28862

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 ...

 Tribes Encouraged to Promote EITC

January 27, 2017 

Tribes Encouraged to Promote EITC

The nation's taxing agency is recommending that Native American taxpayers to look into the Earned Income Tax Credit (EITC) and correctly claim it if they qualify. The IRS says that the EITC and the Child Tax Credit (CTC) greatly reduce poverty for ...

sba-loans1

January 27, 2017 

Small Business Loans Harder to Get in Less Affluent Areas

A new report shows stark disparities in loan rates for business owners in disadvantaged neighborhoods. The report, commissioned by the Woodstock Institute, also shows that small business owners in low- and moderate-income areas receive ...

ethics 1  588b6f0b2de04

January 27, 2017 

Board Proposes New Code of Ethics for Accountants

The outcome of the first phase is a new structure and drafting convention, as well as a major restructured portion of the Code. The IESBA’s overall restructuring efforts are intended to result in a Code that is more understandable and easier to use ...

15 0608 joseph eve cpas 500x375 1  588b6e4bc1652

January 27, 2017 

Accounting Firm Helps Tribes with Compliance

Joseph Eve CPAs continues to expand the list of tribal and commercial casinos who are enrolled in the firm’s JE University program. Now, the firm has welcomed Washington state-based 12 Tribes Colville Casinos (12 Tribes, Mill Bay, and Couklee Dam ...

 W-2 Tax Scam Dupes Corporate Payroll and HR Departments

January 27, 2017 

W-2 Tax Scam Dupes Corporate Payroll and HR Departments

The W-2 scam first appeared last year. Cybercriminals tricked payroll and human resource officials into disclosing employee names, SSNs and income information. The thieves then attempted to file fraudulent tax returns for tax refunds.