Taxes November 5, 2026
Millionaire Tax Wins Broad Support From Chicago Voters
The non-binding millionaire tax referendum results show Chicagoans want to see tax-the-rich policies, Mayor Brandon Johnson said.
December 13, 2015
Accounting Network BDO Sees 13% Growth, Revenue of $7.3 Billion
BDO's growth has been driven by sustained organic growth and 19 strategic expansions taking place in Australia, Austria, Canada, France, Germany, Italy, South Africa and the United States. For the second consecutive year, BDO USA led all member ...
December 13, 2015
Women Face Different Retirement Challenges than Men
Some research has indicated that women might save 40 percent less in their 401(k) accounts than men, which adds up to an average of $59,300 for female workers – as opposed to an average of $100,000 for males in the workforce.
December 13, 2015
5 Focus Areas for Retirement Planning
The age in which you elect to receive Social Security benefits may be the most important factor in this area. Delaying benefits as long as you can will increase the monthly amount you receive. However, spousal benefits ...
December 13, 2015
IRS Criminal Investigations Report Shows Focus of Agency’s Law Enforcement Side
CI investigates potential criminal violations of the Internal Revenue Code and related financial crimes in a manner to foster confidence in the tax system and compliance with the law. The 50-page report summarizes a wide variety of IRS CI activity ...
December 13, 2015
New IRS Program Focuses on Alerting Employers to Delinquent Payroll Taxes
Employers, especially those facing liquidity difficulties, sometimes inappropriately divert funds withheld from employees’ pay for working capital or other purposes. Even when well-intentioned, such diversions can quickly result in mounting tax ...
December 13, 2015
Armanino Acquires S. California Accounting Firm
LCMT will become Armanino effective Jan. 1, 2016, and will keep its Woodland Hills, California office location at 5959 Topanga Canyon Blvd. #180. Clients will continue to work with the same partners and staff without disruption to service.
December 11, 2015
New Privacy Concerns with ACA Reporting for Businesses with 50+ Employees
Starting this filing season, reporting is mandatory for any company with at least 50 full-time equivalent (FTE) employees.
December 11, 2015
Businesses Face Up to $1 Million Fine for Failure to File W-2s and 1099s
This summer, the IRS increased penalties for failure to file correct information returns and failure to provide correct payee statements for information returns filed after December 31, 2015, with maximum penalties on small businesses increasing from ...
December 11, 2015
ADP Testing New W-2 Verification Code to Fight Tax ID Theft
For selected clients, ADP will include the Verification Code in a designated box of the 2015 Forms W-2 issued to its clients’ employees. ADP will generate the alphanumeric code based on select data elements on each Form W-2, and an algorithm provided ...
December 11, 2015
ITA Announces 15 New Member Firms at 2015 Fall Collaborative
The Information Technology Alliance (ITA), an independent membership association of leading mid-market technology professionals, consultants and product/service providers in North America, announced a full roster of new members this week during the ...
December 11, 2015
Minimum Wage Changes to Hit Several States in 2016
Fifteen states, plus the District of Columbia, index their minimum wages to rise automatically with the cost of living. Ten states currently index minimum wage increases each year: Arizona, Colorado, Florida, Missouri, Montana, Nevada, New Jersey, ...
December 11, 2015
How to Grow Your Payroll Business by Asking Clients for Referrals
As you prepare for the end of the year, obtaining new clients is probably on your growth plan for the new year. While there are many ways to gain new clients, the most effective way is through customer referrals.