Income Tax

April 12, 2016 

Wouldn’t it be nice if our clients contacted us before making any type of financial transaction with a tax consequence? Unfortunately, many of us as tax advisors are out of sight, out of mind, and out of the loop most of the year, leaving our ...

Dave DuVal

April 12, 2016 

Although taxpayers have a few extra days to file their returns this year, by midnight on April 18th instead of the usual April 15th deadline, the clock is ticking for those waiting till the last minute.

April 5, 2016 

Though finance industry professionals tend to order salads and lighter Mediterranean food throughout the year, all that goes out the window during busy season. Barbecue, which makes up only 3% of total orders throughout the year, is ordered twice as ...

April 5, 2016 

Also known as commercial crime bonds, it can be difficult to grasp their importance for the smooth operation of business. They are a type of fidelity surety bond that protects your business from dishonesty, fraud, theft, forgery and embezzlement that ...

March 31, 2016 

They may not know it, but this may be the last year that some of your older clients will be able to claim a medical expense deduction.

March 31, 2016 

A new online tool from Expat Tax Tools is aimed at simplifying Form 8621: Information Return by a Shareholder of a Passive Foreign Investment Company or Qualifying Electing Fund. The cloud-based Form 8621 Calculator is designed for smaller companies ...

March 30, 2016 

Pets were a recurring theme: “I had a client this year tell me his last preparer let him write off the cost of his pet care on Schedule C because he took his dog to work with him every day, so it was considered a work-related expense."

March 30, 2016 

Business majors land in the fourth spot, with a projected starting average of $52,236, an increase from the projected $51,508 for Class of 2015 graduates.

March 30, 2016 

BEC scams, short for business email compromise, are an increasingly common type of fraud which greatly impacts wire fraud. In 2015, 64 percent of organizations were exposed to BEC scams. Though checks continue to be the payment method most targeted by ...

March 29, 2016 

The research revealed that nearly half of business owners do not know how many fines they incurred in the past 12 months or how much they cost their organizations.

March 25, 2016 

The red-letter due date for filing for individual tax returns – April 18 for most taxpayers around the country – is rapidly approaching. When it’s needed or preferred, you can obtain a six-month extension for filing Form 1040, merely by asking the IRS.

March 25, 2016 

With considerably less fanfare than the Bill of Rights ratified as the first amendments to the U.S. Constitution, the 114th Congress quietly approved the “Taxpayer Bill of Rights” as part of the Protecting Americans from Tax Hikes (PATH) Act of 2015.