Taxes November 5, 2026
IRS Adjusts Tax Brackets, Standard Deduction for Tax Year 2027
The IRS has released the tax year 2027 annual inflation adjustments for nearly 70 tax provisions.
September 10, 2015
2015 Review of BNA Income Tax Planner
BNA’s Tax Planner is available as either a desktop product or as web-based software, which is hosted by Bloomberg BNA. BNA’s user interface has a menu bar at the top of the screen that offers access to various program functions.
September 10, 2015
2015 Review of Drake Tax Planner
Drake Tax Planner is a good fit for firms that have less complicated tax planning needs. Designed for both individuals who wish to map out their own tax plan, as well as firms providing tax planning services, the product offers straightforward tax ...
September 9, 2015
Case Shows When a Taxpayer Can’t Use Home Sale Tax Exclusion
Assuming the client meets all the requirements of Section 121 and the gain doesn’t exceed the allowable limits, the federal income tax bill is zero. Right? Not always. As a new case handed down by the Eighth Circuit Court illustrates, a taxpayer may ...
September 8, 2015
Accounting Salaries To Rise 4.7% in 2016
Among the five fields tracked, the technology sector is projected to see the greatest pay gains, with base salaries rising an average of 5.3 percent. Accounting and finance roles followed, with anticipated average compensation increases of 4.7 percent.
September 8, 2015
How Marijuana Legalization Is Helping Some Businesses Prosper
Shifting attitudes about marijuana are proving to be a boon for businesses that cater to people interested in buying grinders, rolling papers and other smoke products.
Small Business September 8, 2015
The Difference Between Business Forecasting and Budgeting
Forecasting is one function that business owners and investors can appreciate. Conversely, a budget is not always used by businesses and is not as important.
September 1, 2015
IRS Watchdog Issues Review of Agency’s Tax Credit Claims
The IRS’s processing of tax returns that reported or claimed Premium Tax Credits (PTC) during the 2015 filing season was challenged by delays in receiving data from some Health Insurance Marketplaces (Exchanges), according to ...
September 1, 2015
IRS Workers Busted for ID Theft, Filing Bogus Returns
Who can you trust with sensitive personal information like your Social Security number (SSN) and tax return data? Evidently, not even the people who used to work at the IRS. In a new case, a former IRS employee was sentenced on August 26 to two years ...
August 26, 2015
Back-to-School is a Good Reason for Accounting Firms to Check-In with Clients
Understanding the deductibility of school costs for children can be challenging. That’s one reason why back-to-school season is a good time to check in with your clients who have kids. It’s an opportunity to combine your mid-year tax planning with a remin
August 24, 2015
A Cannabis Niche for Accountants? Working With Businesses that Grow and Sell Marijuana
No matter how you personally feel on the subject, the reality is that legal Cannabis is becoming a booming business, ripe with opportunities for an accounting practice to work and consult with businesses in the marketplace on a full range of tax ...
August 24, 2015
When Can Businesses Claim 100% Deduction for Employee Meals?
If more than half of the employees are furnished meals for the employer’s convenience, the meals for all employees are treated as being furnished for the employer’s convenience, even if the rest of the employees don’t meet this test. This rule could be cr
August 20, 2015
A Cannabis Niche for Accountants? Working With Businesses that Grow and Sell Marijuana
No matter how you personally feel on the subject, the reality is that legal Cannabis is becoming a booming business, ripe with opportunities for an accounting practice to work and consult with businesses in the marketplace on a full range of tax ...