Taxes

 Tax Preparers Must Renew PTINs by Dec. 31

November 16, 2015 

Tax Preparers Must Renew PTINs by Dec. 31

Anyone who prepares, or assists in preparing, substantially all of a federal tax return or claim for refund for compensation must have a valid PTIN from the IRS. The PTIN must be used as the identifying number on these prepared returns.

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November 6, 2015 

3 Tactics to Reduce Tax Season Stress

Tired of 80-hour work weeks? Frustrated that your staff doesn’t want to be held accountable? Stressed about stressing next tax season? As part 1 of a series on “Building your Tax Season,” I wanted to share with you a couple of steps you can take today ...

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November 4, 2015 

AICPA Honors Professionals with Awards in Area of Taxation

Germano is president and general counsel of Actuarial Benefits & Design Company, which she co-founded in 1989. The company, based in Midlothian, Va., helps business owners assess retirement needs for themselves and their employees, as well as to set up r

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November 3, 2015 

6 Tips for Tax Season Staffing at Accounting Firms

With tax season looming, now is the time for accounting firms to ramp up their staffing strategy. Determining your needed mix of full-time and temporary professionals — before holiday time-off — will set you on a course for success come 2016.

Paul McDonald

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November 2, 2015 

Year-End Insights for State and Local Taxes

The deduction for taxes claimed on Schedule A includes amounts paid for state and local income taxes such as the taxes withheld from your paychecks and any estimated taxes paid during the year. It also includes property taxes if you’re a homeowner.

Ken Berry, JD

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October 30, 2015 

Ted Cruz’s Income Tax Plan Shakes up the Status Quo

According to most media reports, Senator Ted Cruz (Rep.-TX) was one of the “winners” in the Republican presidential debate held on October 28. At the very least, the radical tax plan released by Cruz just prior to the debate tip-off is generating ...

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October 30, 2015 

IRS Drops PTIN Fee to $50

The fee for new PTINs and renewals will be $50, down from $64.25 and $63, respectively. The agency also reminded return preparers of major upcoming changes regarding which tax return preparers can represent clients in matters before the IRS.

 How to Collect Tax Benefits for Business Bad Debts

October 28, 2015 

How to Collect Tax Benefits for Business Bad Debts

From a business perspective, there’s practically nothing worse than providing goods or services to a customer or client and not getting paid. Or maybe you’ve made loans to vendors or suppliers that haven’t been repaid. It can take a long time to get ...