Latest Articles

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March 1, 2016 

Report Focuses on New FASB Lease Accounting Standard

When the new lease accounting standard becomes effective, lessees will for the first time be required to report billions of dollars in leased assets and corresponding liabilities from operating leases on their balance sheets.

 IRS Warns Payroll and HR Pros of W-2 Scams

March 1, 2016 

IRS Warns Payroll and HR Pros of W-2 Scams

The Internal Revenue Service has issued an alert to payroll and human resources professionals to beware of an emerging phishing email scheme that purports to be from company executives and requests personal information on employees.

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March 1, 2016 

New Tax Laws Offer Big Benefits to Some Small Businesses

This legislation included the extension of more than 50 tax credit and incentive programs that expired on Dec. 31, 2014 – among them an array of federal tax credits that offer incentives to employers who implement various hiring, training and ...

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February 29, 2016 

5 Reasons to Formalize Mentoring Programs in Accounting Firms

Prior to the recession, young leader training and formal mentoring programs to support recruitment and retention were all the rage. Well, mentoring is more critical than ever, but for different reasons and in slightly different forms ...

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February 29, 2016 

How to Help Small Businesses Pick, Register and Protect a Name

There are numerous aspects that go into picking the right business name. From a marketing perspective, you’ll want something that’s memorable, easy to say, easy to spell, and conveys the business’ brand promise. From a legal perspective, it’s a little ...

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February 29, 2016 

Comparing the Income Tax Returns of the 2016 Presidential Candidates

The latest dust-up involving Donald Trump, the front runner for the Republican presidential nomination, centers around his federal income tax returns. To this point, Trump has declined to release information about his latest tax returns, citing ongoing audits as this reason for the refusal. In the meantime, chief GOP rivals Ted Cruz and Marco Rubio...…

 Tax Court Rules Emotional Distress Damages are Taxable

February 29, 2016 

Tax Court Rules Emotional Distress Damages are Taxable

Suppose one of your clients is awarded damages resulting from a job-related injury. The first tax question to ask is whether the damages resulted from a physical mishap or illness or if they are attributable to emotional distress.