Latest Articles

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

October 13, 2014 

Professional accounting technology developer Wolters Kluwer, CCH has launched the newest enhancement for users of the IntelliConnect research platform. The CCH IntelliConnect Browser Search feature streamlines popular Internet search engines...

Isaac M. O'Bannon

October 13, 2014 

Avalara has partnered with AccountMate and their channel partners to provide customers with sales tax solutions designed to manage complicated and burdensome tax compliance obligations imposed by state, local, and other taxing authorities...

Isaac M. O'Bannon

October 13, 2014 

Expectations from business owners and clients have changed. This is particularly true with accounting software and the impact on traditional write-up services.

Randy Johnston

October 12, 2014 

Risk mitigation when your practice is attacked is an economic consideration. What will breach reporting cost? What will recovery cost and time lost be? Although we are not likely to be terminated by our clients or our firm, even this type of loss ...

Randy Johnston

October 12, 2014 

The Internal Revenue Service has announced that a planned power outage will cause some services to be unavailable this weekend (Oct. 11-14), which may affect some of the million-plus tax filers, and their tax professionals, who file extended personal inco

October 10, 2014 

Keeping up-to-date on changes and proposed changes can be overwhelming, especially if you have a business to run that doesn’t involve payroll. That’s why, as a payroll practitioner, it’s important that you help your clients understand any new changes and what they mean for their business. In 2015, there will be several changes that can...…

Taija Sparkman

October 10, 2014 

By Bill Kennedy, CPA, CA The Affordable Care Act changes had the biggest impact on tax software across the country this year, as developers scrambled to incorporate the new Net Investment regulations into their packages, particularly for high net worth individuals. All of the packages reviewed have been updated for the impact of this legislation....…

October 10, 2014 

Basic System Functions: 5 Stars Firms using the Lacerte tax preparation software will find the tax planner interface to be very similar and easy to navigate. The main window of the program has a menu bar at the top followed by a toolbar with icons. To navigate through the program, there are worksheet tabs below...…

Bill Kennedy

October 10, 2014 

The CS Professional Suite from Thomson Reuters offers an integrated set of tax, accounting, and practice management applications. Planner CS tightly integrates with the suite to provide tax projections for a virtually unlimited number of years and scenarios. Basic System Functions: 4.75 Stars Planner CS opens into a customizable welcome screen with a list of...…

Bill Kennedy

October 10, 2014 

While most other tax software systems offer tax planning as a separate module, Drake has included Tax Planner as a free add-on to its main tax system, Drake Tax. Basic System Functions: 4 Stars Drake Tax is designed for individuals as well as small and medium sized businesses. As such, it may not meet all...…

Bill Kennedy

October 10, 2014 

By Steven Phelan, CPA.CITP As we approach the end of the year, many tasks are still ahead of accounting professionals. There are year-end tax planning situations to address, year-end accounting issues required to finalize financial statements and, of course, year-end reporting compliance for W-2s and 1099s. Although the rules have largely remained the same over...…