Taxes

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April 5, 2016 

Tax Pros Focus on BBQ During Tax Season

Though finance industry professionals tend to order salads and lighter Mediterranean food throughout the year, all that goes out the window during busy season. Barbecue, which makes up only 3% of total orders throughout the year, is ordered twice as ...

 How Employee Dishonesty Bonds Can Save A Small Business

April 5, 2016 

How Employee Dishonesty Bonds Can Save A Small Business

Also known as commercial crime bonds, it can be difficult to grasp their importance for the smooth operation of business. They are a type of fidelity surety bond that protects your business from dishonesty, fraud, theft, forgery and embezzlement that ...

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April 5, 2016 

The “Panama Papers” Leak Exposes Tax Dodgers Around The World

Among the “who’s who” of people named in the documents are friends or relatives of Russian President Vladimir Putin and leaders of Great Britain, China, Iceland, Pakistan and the Ukraine. In addition, the president of Argentina, Mauricio Macri, allegedly

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March 31, 2016 

Cloud System Simplifies Form 8621 PFIC Compliance

A new online tool from Expat Tax Tools is aimed at simplifying Form 8621: Information Return by a Shareholder of a Passive Foreign Investment Company or Qualifying Electing Fund. The cloud-based Form 8621 Calculator is designed for smaller companies ...

VAT 7 via imgbuddy com 1  56fd49381dd3e

March 31, 2016 

New Guidance Focuses on Puerto Rico VAT

This coverage comes at a crucial time. On June 1, 2016, Puerto Rico will become the first U.S. jurisdiction to adopt a VAT to replace its sales and use tax regime. The transition to this new scheme began in 2015 and has been controversial.

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March 30, 2016 

Don’t Even Try These Income Tax Deductions

Pets were a recurring theme: “I had a client this year tell me his last preparer let him write off the cost of his pet care on Schedule C because he took his dog to work with him every day, so it was considered a work-related expense."

AFP 56fc284b436b2

March 30, 2016 

73% of U.S. Companies Report Payment Fraud Attempts in 2015

BEC scams, short for business email compromise, are an increasingly common type of fraud which greatly impacts wire fraud. In 2015, 64 percent of organizations were exposed to BEC scams. Though checks continue to be the payment method most targeted by ...

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March 30, 2016 

IRS To Hold Technology Crowdsourcing Contest

The nation's taxing agency is trying to step up its game when it comes to using technology to improve customer (aka taxpayer) interactions. The IRS wiill be hosting its first Tax Design Challenge crowdsourcing competition to encourage innovative ideas ...

Tax Penalty 1  566aff909c331

March 29, 2016 

Report Says IRS Should Do Better With W-2 Penalties

No doubt, 2016 will be the most challenging year-end season in a long time. With all W-2 forms due to the Social Security Administration (SSA) by Jan. 31, 2017, and the ability to request only one for-cause filing extension from the IRS, the ...