Latest Articles

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September 24, 2014 

IRS Concedes Defeat on Circular 230 Contingent Fees

The IRS has decided it won’t appeal a recent court ruling handed down in favor of Ryan, a global tax preparation services firm, that invalidates and permanently enjoins the IRS from prohibiting such arrangements for refund claims and amended returns.

Ken Berry, JD

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September 23, 2014 

Business Leaders Should Rethink Approach to Value Chain

Not properly mitigating risk when expanding to emerging markets, lacking an accurate understanding of the impact of natural capital and failing to create the proper ethical culture can all prove to be weak links in a company’s value chain.

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September 23, 2014 

The Most and Least Happy States in America

The saying that "money can't buy happiness" may not be right. In fact, with some research proving that money can buy at least some happines, up to a certain dollar amount, the personal finance social network WalletHub conducted an in-depth analysis of 201

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September 23, 2014 

Sales Tax Software Company Receives Patent

A Northwest Arkansas software company earlier this month received one of only 15 sales tax-related patents ever issued by the U.S. Patent and Trademark Office.

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September 22, 2014 

Report Shows Effective Tax Rates of Top 100 Companies

Well, there were a few outliers, but the average effective tax rate for 2013 for this group of the largest and most established companies on the stock market was 29.5%, according to Wallet Hub. This average effective tax rate increased by 5.3 percent from

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September 22, 2014 

Sage to Acquire PayChoice

Accounting and business management software maker Sage North America has reached an agreement to acquire privately-held PayChoice, a provider of payroll solutions for small and medium-sized businesses. Sage says the acquisition will help it create ...

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September 21, 2014 

3 Must-Know Tips for Deducting Business Entertainment

There’s nothing new about taxpayers mixing business with pleasure. For instance, a business executive might paint the town red after he or she signs a six-figure contract with a client or customer. Is the cost of entertaining the client or customer ...

Ken Berry, JD

 IRS Extends Deadline to Claim Retirement Loss Deductions

September 21, 2014 

IRS Extends Deadline to Claim Retirement Loss Deductions

On September 18, the IRS released an advanced copy of Rev. Proc. 2014-54, which provides guidance on certain changes in method of accounting for dispositions of tangible depreciable property. One of the most notable changes in this 93-page document is tha