Latest Articles

 May Retail Sales Remain Steady

June 12, 2014 

May Retail Sales Remain Steady

In its latest report, the National Retail Federation has calculated that May retail sales remained mostly unchanged when seasonally adjusted month-to-month, yet they showed an increase of 3.0 percent unadjusted year-over-year. The data excludes automobiles, gas stations and restaurants.

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June 12, 2014 

How to Determine Reasonable S-Corp Shareholder Compensation

Income from an S corporation, which flows through to its shareholders and is taxed at the individual level, is normally not subject to self-employment tax. Most S corporations, however, have shareholders performing substantial services for the corporation as officers and otherwise.

 Employment Report Shows Florida and Texas Leading in Job Growth

June 11, 2014 

Employment Report Shows Florida and Texas Leading in Job Growth

Private sector employment in the U.S. increased in all nine Census Bureau Divisions during May, according to the monthly ADP Regional Employment Report, which is produced by ADP, a provider of Human Capital Management (HCM) solutions, in collaboration with Moody’s Analytics, Inc. The ADP Regional Employment Report measures monthly changes in regional non-farm private employment…

Isaac M. O'Bannon

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June 11, 2014 

2014 Review of CFS Sales Tax Software

CFS Tax Software’s CA Sales Tax Preparer and NY Sales Tax Preparer applications are full-featured standalone tools for preparing New York and California sales tax returns for multiple clients.  The applications support all state, city, county, and other special districts which levy sales taxes in the two states.  The products also support most major forms...…

Brian Tankersley

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June 11, 2014 

2014 Review of Sales Tax Systems for Small Businesses

Sales and use tax is a key source of government funding in most states. Unlike property tax and state income tax, however, the legislators and regulators have adopted a patchwork of different rules which affect the taxability of the items. In addition to dealing with statewide tax rates in 45 states, 38 states levy sales…

Brian Tankersley