Income Tax

December 7, 2013 

The Internal Revenue Service has issued the 2014 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

December 5, 2013 

The Internal Revenue Service (IRS) needs to strengthen systems development controls for the Premium Tax Credit (PTC) Project, the Treasury Inspector General for Tax Administration (TIGTA) concludes in a new report publicly released today.

December 3, 2013 

Last year, tax planning was challenging because of changes to the tax law and "fiscal cliff." This year, numerous new tax laws set guidelines for a variety of business and personal tax issues.

December 3, 2013 

Every business owner and tax professional knows that the changing of the year also marks important deadlines and rules regarding taxes and employment reporting. For employees, it means understanding how tax law changes, and there have been many in Canada this year, as well as the U.S.

December 2, 2013 

The Young CPAs, a membership segment of the New Jersey Society of Certified Public Accountants (NJSCPA), collected more than 2,800 pounds of food during its annual September to November food drive to benefit the Community FoodBank of New Jersey.

December 2, 2013 

Based on data from 3,828 charities that raised more than $12 billion in the prior 12 months, The Blackbaud Index reported that overall charitable giving grew 2.3 percent for the three months ending October 2013, as compared to the same period in 2012.

Isaac M. O'Bannon

December 2, 2013 

2014 Payroll Mate payroll software helps banks and credit unions save time and money by providing robust payroll processing tools for employees and contractors at an unbeatable price

December 1, 2013 

This proposed guidance defines the term “candidate-related political activity,” and if accepted, would amend current regulations by indicating that the promotion of social welfare does not include this type of activity.

Isaac M. O'Bannon

November 29, 2013 

The Obama administration announced Wednesday a one-year delay in allowing small business owners to use the federal government's flawed online insurance marketplace to buy health coverage for their employees and themselves under the Affordable Care Act.

November 29, 2013 

Voters at the 2014 spring Town Meeting may be asked to decide where to allow the sale of medical marijuana in Andover, Massachusetts.

November 26, 2013 

“Most members of the clergy are dual status, which means their church, synagogue or temple does not pay the employer part of their Social Security and Medicare taxes,” Medows told CPA Practice Advisor.

November 25, 2013 

A federal judge has found unconstitutional a law that lets clergy members avoid paying income taxes on compensation that is designated part of a housing allowance.