Latest Articles

October 20, 2014 

The American Institute of CPAs (AICPA) sent a letter to the Internal Revenue Service (IRS) explaining that an ambiguity exists under current rules for determining adjustments to the accumulated adjustment account (AAA) of an S corporation when both ...

Isaac M. O'Bannon

October 20, 2014 

It’s that time of year when everyone is out shopping accounting services. While most of us would like all new business opportunities to be referrals where we’re the only person or firm competing for the business, the reality is that it doesn't happen ...

October 20, 2014 

The American Institute of CPAs (AICPA) has presented Frank K. Ross, CPA, the Institute’s 2014 Gold Medal Award for Distinguished Service.

October 20, 2014 

While almost everyone has heard of sales tax, many business owners are unaware that most states have a “use tax.” State laws treat sales and use tax as two separate taxes, but in reality they act in concert to complement each other. Think of them as a “pay me now or pay me later” tax....…

October 16, 2014 

[This is part of a special series about year-end tax planning and preparation.] In the usual case, the tried-and-true tax strategy at the end of the year is to pull deductions into the current year and push income into the following year. And, for the most part, it still makes sense. But now there’s a few...…

Ken Berry, JD

October 16, 2014 

Whether they make a dozen trips a year or more than 50, business travelers have their preferences from hotels to airlines and even fast food joints. Since these are generally allowable business expenses, they also keep pretty good records that can be anal

October 15, 2014 

While most Americans are thinking about football season, the MLB baseball playoffs, the coming NBA season, hockey or the upcoming holidays, savvy financial professionals are advising taxpayers to think about their taxes.

October 14, 2014 

Customers everywhere demand more personal attention in their shopping and service experiences, and accounting services are no exception. With so many ways to rate and rank the customer experience at their fingertips...

Isaac M. O'Bannon

October 14, 2014 

[This is part of a special series of articles designed to maximize tax benefits and minimize tax pitfalls at the end of the year.] The alternative minimum tax (AMT) is often referred to as a “stealth tax” because it sneaks up on unsuspecting taxpayers. But you’re not doing your job well if your clients are caught...…

Ken Berry, JD

October 14, 2014 

When partners retire, it goes without saying that they want to cash in their share of the firm’s value. But they want to do this in a way that enables the firm to continue as a successful, viable entity.

Marc Rosenberg

October 13, 2014 

Cloudvara revolutionizes the way businesses work by offering clients a fully secured, managed, and maintained cloud hosted infrastructure.

October 13, 2014 

On October 20, the Personal Financial Planning Section of the American Institute of CPAs (AICPA) and 360 Degrees of Financial Literacy will host a free webcast on year-end planning.

Isaac M. O'Bannon