Latest Articles

tax deductions 1  56213c60b3270

March 30, 2016 

Don’t Even Try These Income Tax Deductions

Pets were a recurring theme: “I had a client this year tell me his last preparer let him write off the cost of his pet care on Schedule C because he took his dog to work with him every day, so it was considered a work-related expense."

paperless green solutions 1  55d5dccc741b3

March 30, 2016 

Survey Shows Businesses Ditching Paper-Based Processes

The report found broad concern over paper-based processes, with cost (42 percent) and security (42 percent) cited as primary issues. 40 percent of Canadian respondents said cost reduction was the prime reason for digitization followed by improved ...

 FASB Issues Guidance On Employee Share-Based Payments

March 30, 2016 

FASB Issues Guidance On Employee Share-Based Payments

Accounting for employee share-based awards was identified by the Private Company Council (PCC) as an area of concern among private company stakeholders. The PCC worked with the FASB to discuss and analyze the issues that private companies have ...

AFP 56fc284b436b2

March 30, 2016 

73% of U.S. Companies Report Payment Fraud Attempts in 2015

BEC scams, short for business email compromise, are an increasingly common type of fraud which greatly impacts wire fraud. In 2015, 64 percent of organizations were exposed to BEC scams. Though checks continue to be the payment method most targeted by ...

crowdsourcing 525x350 1  56fbfda5b50bd

March 30, 2016 

IRS To Hold Technology Crowdsourcing Contest

The nation's taxing agency is trying to step up its game when it comes to using technology to improve customer (aka taxpayer) interactions. The IRS wiill be hosting its first Tax Design Challenge crowdsourcing competition to encourage innovative ideas ...

Tax Penalty 1  566aff909c331

March 29, 2016 

Report Says IRS Should Do Better With W-2 Penalties

No doubt, 2016 will be the most challenging year-end season in a long time. With all W-2 forms due to the Social Security Administration (SSA) by Jan. 31, 2017, and the ability to request only one for-cause filing extension from the IRS, the ...

non-profit-fund-accounting1_10930200

March 29, 2016 

Aplos Releases New Nonprofit Fund Accounting System

Advanced Accounting includes features for nonprofits to manage budgets for each of their designated funds, enabling tight controls for managers. Organizations can also build custom reports by department, campaign, project or custom segment.

eo gei global infographics 6 HR 1  56f9a76e0a3ab

March 28, 2016 

Entrepreneur Survey Shows Confidence in Business Outlook

Compared to last year's March 2015 GEI survey, EO's year-over-year global data reveals a sustained entrepreneurial optimism across the globe. In the U.S., more than half of the 2,954 businesses surveyed also reported an increase in full-time (60%) and ...