Tax Planning

2013-2014

October 25, 2013 

Tax Planning and Preparation Guidance for 2014

The impact of the recent federal government shutdown is being felt by the Internal Revenue Service (IRS) which announced that the beginning of the 2014 tax filing season will be delayed by up to two weeks.

 Tips to Navigate New Tax Laws, Changes to W-2 and 1099

October 21, 2013 

Tips to Navigate New Tax Laws, Changes to W-2 and 1099

Preparing for tax season is something individuals need to think about more than just once a year, especially since it seems that every year brings with it new changes related to W-2 and 1099 forms and reporting requirements. For Tax Year 2013, which most Americans will file by April 15, 2014, there are several important…

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September 8, 2013 

Income Tax Planning Takes More than a Magic 8-Ball

On the conference room shelf of a CPA’s office I visited recently, I noticed a Magic 8-Ball with the label “free tax answers.” When turned, the die floating in colored liquid inside the ball presses against the window to reveal an affirmative, negative, or non-committal answer such as “cannot predict now.”

Dustin Wheeler

 2013 Review of Thomson Reuters Planner CS

August 29, 2013 

2013 Review of Thomson Reuters Planner CS

Best Fit: Firms using the Thomson Reuters CS Professional Suite that can benefit from the integration between Planner CS and the suite’s tax preparation and document management products. Strengths Capable to producing projections for an unlimited number of years Integration with several components of the CS Professional Suite Many options for customizing reports and graphs...…

 2013 Review of CCH ProSystem fx Planning

August 29, 2013 

2013 Review of CCH ProSystem fx Planning

Best Fit: Firms using other components of the ProSystem fx Suite or CCH Axcess Tax that take advantage of the direct integration. Strengths Imports tax data from ProSystem fx Tax and CCH Axcess Tax The license allows for an unlimited number of users at a firm location Interactive tutorial and ample help resources Potential Limitations...…

 2013 Review of Intuit Lacerte Tax Planner

August 29, 2013 

2013 Review of Intuit Lacerte Tax Planner

Best Fit: While firms using Lacerte Tax and DMS will benefit with the direct integration, it may also be considered as a standalone product because it is easy to use and a lower cost alternative than the products reviewed. Strengths User-friendly interface similar to that of the tax program. Easily imports client tax data from...…

 Ohio Governor wants tax on newspapers

February 14, 2013 

Ohio Governor wants tax on newspapers

Ohio Gov. John Kasich's new tax overhaul plan, which includes expanding sales taxes to services like tax preparation, accounting and legal services, would also apply sales taxes to newspapers.

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