Latest Articles

October 27, 2014 

Considering giving a large cash gift to a loved one during the coming holidays? Thinking of making a big donation to charity or buying small gifts for business associates? Such gestures may provide you with your own present next year: a tax deduction.

Isaac M. O'Bannon

October 26, 2014 

At the end of the year, socially-conscious clients can boost their deductions, and thereby lower their tax bills, by giving a little extra to the charities of their choice. That’s still a sensible tax strategy as 2014 draws to a close. But a recent ...

Ken Berry, JD

October 26, 2014 

Should retirees take money out of their qualified retirement plans like 401(k)s and IRAs to help pay for their living expenses? Most retirement-savers in their 70s or older have little choice: Under the federal tax law, they are mandated to make ...

Ken Berry, JD

October 24, 2014 

U.S. employees are more aware, focused, and motivated to improve their overall financial wellness, according to a new study.

Isaac M. O'Bannon

October 24, 2014 

The ongoing “Tea Party” scandal has appeared to loose some steam after a federal judge in the nation’s capital tossed out a lawsuit aimed by conservative nonprofit groups against the IRS (True the Vote, Inc. v. IRS, DC- Dist. Of Columbia, Civil Action No.

Ken Berry, JD

October 23, 2014 

Avalara, Inc., a provider of cloud-based global VAT and other indirect tax software today announced the appointment of Richard Asquith as Vice President of Global Tax Compliance.

Isaac M. O'Bannon

October 23, 2014 

If there is one thing that all CPAs can agree upon, it is that the 2014 tax return filing season was one of the most strenuous that any practitioner has seen in their career. Between rate increases, the imposition of new taxes, and the reinstatement of th

October 23, 2014 

The accounting firms of Arnett Foster Toothman PLLC and Carbis Walker LLP, both located in the northeastern U.S., will merge to form a new firm, Arnett Carbis Toothman LLP, effective on January 1, 2015. The new firm will likely be among the largest 100...

October 23, 2014 

The American Institute of CPAs (AICPA) has named Troy K. Lewis, CPA, CGMA chairman of its Tax Executive Committee.

October 23, 2014 

Losing weight, eating healthy and hitting the gym more frequently tend to be popular New Year resolutions but this year, think about putting your finances first. According to Patrice C. Washington, the Money Maven of the Steve Harvey Morning Show, ...

October 23, 2014 

Thomson Reuters has updated its patented, award-winning PPC’s SMART Practice Aids Audit Suite to provide customers with a focused, integrated, and efficient internal control evaluation tool that is fully compliant with COSO’s new Internal Control Framewor

Isaac M. O'Bannon

October 23, 2014 

Accounting practices make the top 10... As the U.S. continues to climb itself out of the economic doldrums, some industries are actually performing quite well. Which ones?

Isaac M. O'Bannon