Taxes November 5, 2026
IRS Adjusts Tax Brackets, Standard Deduction for Tax Year 2027
The IRS has released the tax year 2027 annual inflation adjustments for nearly 70 tax provisions.
March 26, 2014
Franchisees Saw Strong Growth in 2013, Expectations High for 2014
If you have clients who are franchisees, did they experience the same strong growth as seen across the franchise sector in 2013? According to a new report, last year was a banner year, with industry outpacing the overall U.S. economy in business formation and job growth, creating an estimated 11,000 new establishments and 10 percent…
March 26, 2014
Unions Unhappy with Maine Plan to Attract Business
A component of Governor Paul LePage's plan to attract manufacturers to Maine would violate federal law, labor unions told lawmakers Monday.
March 26, 2014
Latino Business Owners Find New Ways to Connect with Banks
Minority-owned small businesses are less likely to borrow money from traditional lenders and less likely to have their loans approved. Access to financing is crucial for new businesses, and in Berks County, PA, there are more options available for entrepreneurs to borrow money, including a new program for Reading business owners from National Penn Bank.
March 26, 2014
Supreme Court: Severance Payments are Taxable Wages for FICA Purposes
The Court ruled that severance packages and payments that are given to involuntarily laid-off workers are taxable not only as individual income, but also with regard to FICA employment taxes. It was a unanimous 8-0 ruling, with Justice Elena Kagan recusing herself from the case. Oral arguments were heard by the court last October.
March 25, 2014
ATX
March 25, 2014
IRS Says Bitcoin is Considered Property, Not Currency
The question has lingered for about two years, but the IRS has finally decided how to treat Bitcoins and other virtual currencies when it comes to taxes.
March 25, 2014
How Accounting Firms Can Become Their Clients’ Most Trusted Advisors
If you could plant a seed this busy season that would help you grow your business the rest of the year, would you do it?
March 25, 2014
L.A. Accounting Firm Helps Indian Film Fest
As a part of it's annual charitable giving campaign, an L.A.-area accounting firm is helping fund an annual film festival that helps bridge the gap between the two largest entertainment capitals in the world: Hollywood and Bollywood.
March 25, 2014
What’s at Stake: The CPA Profession on Federal Fiscal Responsibility
Greg Anton, CPA, CGMA, reviews the federal government's latest financial report and speaks with the co-chairs of the Congressional CPA and Accountants Caucus about the profession's role in promoting the importance of fiscal responsibility.
March 25, 2014
Why Accounting Firms Shouldn’t Move from XP to Windows 7 or 8 During Tax Season
So Microsoft announces the end of support for the one-third of the computing world that still uses Windows XP…and magically announces that on the same date they will release an update to Windows 8 that makes it look and work almost exactly like Windows 7. Along with a hint that they may give the update…
March 25, 2014
IRS Gives Colorado Flood Victims Extension for Claiming Damages
Taxpayers in Colorado who suffered property damage during last year's flooding are being given additional time to decide on when they will claim those losses against their taxes.
Accounting March 25, 2014
AICPA Supports Congressional Focus on Lowering National Debt
From March 2014 - In open hearings of the House Financial Services Committee, representatives are putting a renewed focus on the dangers of America's increasing debt.