Income Tax

 How to Maximize Home Office Deductions

August 11, 2014 

How to Maximize Home Office Deductions

It is well-established that you can deduct home office expenses only if certain tax law requirements are met. Notably, no deduction is allowed unless the taxpayer uses the home office regularly and exclusively for business purposes.

Ken Berry, JD

 Charitable Giving Increases by 1.6%

August 1, 2014 

Charitable Giving Increases by 1.6%

The latest Blackbaud Index shows that overall charitable giving to nonprofits increased 1.6% and online giving increased 8.0% for the first half of 2014 as compared to the first half of 2013. In addition, overall charitable giving grew 1.5% and online giving grew 8.7% for the three months ending June 2014 as compared to the…

Isaac M. O'Bannon

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July 31, 2014 

How to Keep Your Nanny Tax Clients Happy

If you have household employment (a.k.a. “nanny tax”) clients, you know how much extra work goes into making sure their taxes are in order. For those unfamiliar with this part of the tax code, household employers have a “Casual Babysitting Exemption” when they pay an individual less than $1,900 in a calendar year. However, once…

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July 31, 2014 

IRS to Hold Next Tax Forum in Maryland

The next 2014 IRS Nationwide Tax Forum will be held at National Harbor in Maryland near Washington, D.C., and the IRS invites enrolled agents, certified public accountants, certified financial planners and other tax professionals to attend. Those who sign up by the pre-registration date of Aug. 5 will save $130 off the on-site price.

Isaac M. O'Bannon

 Forensic Accounting Case Study Spotlights CFO Fraud

July 28, 2014 

Forensic Accounting Case Study Spotlights CFO Fraud

A client requested an initial audit to satisfy bank requirements of a wholesale/distributor of office products. The experienced team at Gettry Marcus performed the required audit procedures, but as it does with all clients, Gettry Marcus looked beyond the required steps.

Isaac M. O'Bannon