Income Tax

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October 16, 2014 

How to Max Out On Itemized Income Tax Deductions in 2014

[This is part of a special series about year-end tax planning and preparation.] In the usual case, the tried-and-true tax strategy at the end of the year is to pull deductions into the current year and push income into the following year. And, for the most part, it still makes sense. But now there’s a few...…

Ken Berry, JD

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October 15, 2014 

‘Tis the Season… For Income Tax Planning

While most Americans are thinking about football season, the MLB baseball playoffs, the coming NBA season, hockey or the upcoming holidays, savvy financial professionals are advising taxpayers to think about their taxes.

 What’s New in Payroll Law?

October 10, 2014 

What’s New in Payroll Law?

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

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October 10, 2014 

2014 Review of Professional Tax Planning Systems

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....…

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October 10, 2014 

2014 Review of W-2 and 1099 Preparation Programs

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...…

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October 10, 2014 

2014 Review of CCH ProSystem fx Planning

The ProSystem fx Suite from CCH offers integrated applications for tax and accounting firms. While CCH also has cloud-based solutions known as CCH Axcess, for now Planning is only a network or locally installed program which can import tax data from either ProSystem fx Tax or CCH Axcess Tax. However, plans can be created manually...…

Bill Kennedy

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October 10, 2014 

2014 Review of Intuit EasyAcct Write-Up

EasyACCT Write-Up is an Intuit branded solution designed as a full-service write-up and payroll system. Though this solution extends beyond the typical year-end compliance reporting needs, the price point is such that many accounting professionals may benefit from the other features. Intuit also offers EasyACCT Write-Up as a scaled down W-2 and 1099 reporting only...…

Steven M. Phelan