Latest Articles

 IRS Proposes Registration, Testing, CPE for All Paid Tax Preparers

January 27, 2010 

IRS Proposes Registration, Testing, CPE for All Paid Tax Preparers

With tax and accounting professionals heading into the beginning of the TY 2009 income tax filing season, the IRS has announced significant new changes that it plans to implement starting in Jan. 2011, along with enhanced enforcement measures that will start this season. The changes are geared toward providing regulation of the thousands of unlicensed...…

 OCR Technology is Good for the Firm and Client

January 26, 2010 

OCR Technology is Good for the Firm and Client

Recently, when I was scanning my e-mail, a press release from Thomson Reuters jumped out at me calling attention to its Source Document Processing Service:   The Tax & Accounting business of Thomson Reuters announced today that its Source Document Processing service is off to a strong start this tax season, having already processed thousands...…

Darren Root, CPA, CITP, CGMA

 Congress Passes Haiti Aid Bill: Donations Deductible for 2009

January 22, 2010 

Congress Passes Haiti Aid Bill: Donations Deductible for 2009

As an update to a blog post a few days ago, both chambers of Congress have now passed legislation enabling taxpayers to claim charitable deductions made for Haiti aid relief efforts on their 2009 tax returns. The Haiti Assistance Income Tax Incentive Act passed through the House of Representatives unanimously yesterday, and quickly moved through...…

Isaac M. O'Bannon

 AccuFund Releases Version 3.09

January 20, 2010 

AccuFund Releases Version 3.09

Latest release features enhancements to many of the system’s core modules, adding General Ledger Allocations and email capabilities to the Financial and Standard Report Writers.

 Haiti Aid May be Deductible for 2009 Returns

January 18, 2010 

Haiti Aid May be Deductible for 2009 Returns

Bipartisan Push on Capitol Hill Would Allow Donations to Quake Relief to be Applied to 1040 Returns Currently Being Filed In a seemingly rare display of bipartisan effort by both chambers of Congress, Democratic and Republican leaders in the House and Senate are pushing to quickly pass legislation that will allow U.S. taxpayers to deduct...…

Isaac M. O'Bannon

 Congress Passes Haiti Aid Bill

January 18, 2010 

Congress Passes Haiti Aid Bill

Democratic and Republican leaders in the House and Senate joined an effort to quickly pass legislation that allows U.S. taxpayers to deduct their Haiti aid donations on their 2009 income tax returns.

 A Salute to the Ohio Society of CPAs

January 13, 2010 

A Salute to the Ohio Society of CPAs

The OSCPA is continuing their annual tradition of providing free tax return preparation for military families. To qualify, the filer (or one of the joint filers) must be a permanent resident of the state of Ohio and be currently deployed outside of the state. As a veteran who served overseas several times, I would like...…

Isaac M. O'Bannon

 Sage Brand Discussed at Thought-Leader Summit

January 11, 2010 

Sage Brand Discussed at Thought-Leader Summit

Last week, I was very fortunate to be one of about 20 professionals who were invited to part of a Thought-Leader Summit in Las Vegas. Most of us in the room provide information to the accounting marketplace through content, social media or consulting services. Sage sponsored the meeting because it wanted feedback and advice on...…

Scott Cytron

 Unlicensed Tax Preparers to Face Changes, Registration

January 11, 2010 

Unlicensed Tax Preparers to Face Changes, Registration

The IRS announced last week that, starting with next year’s filing season (TY 2010), all paid tax preparers who are not already recognized by the IRS will have to follow new guidelines. The proposal essentially creates a new category of professional preparer (acronym as yet unknown) who will be required to register, receive a preparer...…

Isaac M. O'Bannon