Latest Articles

 IRS Gives More Time for Special Tax Relief in Disaster Areas

October 27, 2016 

IRS Gives More Time for Special Tax Relief in Disaster Areas

Taxpayers can make this election on an original return or an amended return. Prior to the new ruling, taxpayers effectively had until the due date of the return for the year of the disaster, without any extensions, to make the election.

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October 27, 2016 

The Pros and Cons of Payroll Taxes

First of all, the payroll tax base is very broad. Payroll taxes apply to all wages and salaries up to a cap of $118,500, which nearly 83% of wages and salaries fall under. Furthermore, unlike the personal income tax, payroll taxes do not include ...

John Olson

 New Filing Deadline for Forms W-2 and 1099-MISC

October 27, 2016 

New Filing Deadline for Forms W-2 and 1099-MISC

The new deadlines are being imposed by the IRS in an effort to make tax documents more readily available to taxpayers prior to April 15, reducing the need for taxpayers to request automatic extensions while they wait for some of their tax documents.

Isaac M. O'Bannon

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October 26, 2016 

Hurricane Matthew Victims Can Take 401(k) Loans

The Internal Revenue Service says that 401(k)s and similar employer-sponsored retirement plans can make loans and hardship distributions to victims of Hurricane Matthew and members of their families. This is similar to relief provided this summer to ...

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October 26, 2016 

Neat Expands Accounting Integrations With Addition of Sage One

Neat provides a simple solution to streamline business and accounting tasks-- and the Sage One integration further simplifies the workflows and processes of existing Sage One users. Keeping the day-to-day operating concerns of small businesses in ...