Taxes July 8, 2026
The 1099 Rules Are Changing, But the Compliance Problem Remains
The coming threshold increase should not lessen the focus on 1099 compliance. It presents an opportunity for firms to elevate the conversation.
April 6, 2015
IRS Chief to Ted Cruz: Agency Won’t Simply Go Away
During the announcement of his candidacy for president last month, Cruz kicked off another controversy by advocating the elimination of the IRS. He said that the U.S. could impose a “simple flat tax that lets every American fill out his or her taxes ...
April 6, 2015
IRS Offers Tips for Last Minute Income Tax Filers
For these procrastinators, the rush is on. The IRS is offering reminders for these last-minute income tax filers.
April 3, 2015
New Law Allows 2014 Tax Deduction for 2015 Donations to NYC Slain Police Officer Fund
This new measure provides instant tax gratification to taxpayers in the aftermath of a tragic killing of two New York City cops. While sitting in a marked police car in Brooklyn, Liu and Ramos were shot to death at point blank range on December 201, 2014.
April 1, 2015
10 Things Tax Procrastinators Need to Know
Here are 10 important things the American Institute of CPAs recommends that taxpayers know about getting their federal tax return to the Internal Revenue Service (IRS) by the Wednesday, April 15 filing deadline and about filing for an extension.
April 1, 2015
Taxpayers May Be Able to Deduct a Relative’s Medical Expenses
Don’t forget to include medical expenses the client pays on behalf of a relative such as an elderly parent in a nursing home or a child who graduated from college last year. Little-known fact: It may be possible to add qualified expenses paid for a ...
March 31, 2015
AICPA Recommends Reforms to Business Income Taxes
The American Institute of Certified Public Accountants has sent a letter to the Senate Finance Committee Tax Reform Working Group on Business Income Tax that makes suggestions about how to simplify business income tax.
March 30, 2015
How to Maximize Small Business Tax Deductions
According to the Q1 2015 Spark Business Barometer from Capital One, 55 percent of small business owners are very confident they are taking advantage of small business tax deductions, but what about the other 45 percent?
March 30, 2015
10 Things Accountants Wish Their Clients Understood
Tax season can be a scary time for many taxpayers, but it's mostly because of a lack of knowledge. It's a fear of the unknown: Will they owe taxes, will the IRS come after their business, etc.
March 30, 2015
How to Take A Weekend Trip Home and Get a Deduction
An employee’s company may be glad to pick up the tab on a weekend trip home if you’re staying in a place where the cost of lodging and meals is high. The trip home might cost less than the expense of putting you up in a pricey hotel.
March 30, 2015
Accountants Tell Congress That Tax Reform Must Come Soon
The nation's largest society of professional accountants is telling Congress that tax reform isn't just something to think about, it's something needed soon.
March 27, 2015
Charity Volunteers: Step Forward and Claim Your Tax Deductions!
Do you have clients who are dedicated to working on behalf of a charity? Although they may go out of their way to support their favorite cause, they may not be getting a tax deduction for the blood, sweat and tears they expend.
March 27, 2015
How to Make 2015 the Best Tax Season Yet
Accountants and CPAs are in the middle of the industry’s hottest season, and staying above the stress in a time of relative chaos can be a challenge to say the least. Long hours, looming deadlines and mountains of data can drive people to the edge ...