Tax-Scam-300x2031

August 17, 2014 

IRS Warns About New Tax Scams

The Internal Revenue Service and the Treasury Inspector General for Tax Administration continue to hear from taxpayers who have received unsolicited calls from individuals demanding payment while fraudulently claiming to be from the IRS.

Isaac M. O'Bannon

independentcontractor21_11621257

August 12, 2014 

Employee vs. Independent Contractor: Do You Know the Rules?

When you’re running a business and someone works for you or provides a service, you pay them. That’s easy. What isn’t always so easy is determining how you should treat those payments. Before you enter into a business relationship, it’s important to establish the type of relationship – is this person providing services as an…

Taija Sparkman

irs-boston

August 12, 2014 

IRS Says Fishing Disaster Aid May be Taxable

The Internal Revenue Service says that fishermen in the Northeast U.S. who received fishery disaster funds may have to pay federal tax on that relief assistance if it's used to replace lost income.

CohnReznick20BAT2020141

August 11, 2014 

CohnReznick Raises $105,000 for Make-a-Wish Program

The accounting and advisory firm CohnReznick LLP recently raised more than $105,000 at its 13th annual employee Bowl-A-Thon, which benefits Make-A-Wish New Jersey. This brings the total raised for Make-A-Wish by the Firm over the last 13 years through employee fundraising, donations, and raffles to more than $1.45 million.

Isaac M. O'Bannon

 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