Accounting April 17, 2026
Last Chance to Vote in the 2026 Readers’ Choice Awards!
Each year, readers get the opportunity to show their support for the programs, hardware, services, and other technologies they use and trust.
July 26, 2016
Back to School Tax Tips
As the final weeks of summer tick away, back-to-school sales are ramping up and it's time to think about getting those kids back in the classroom. It's also a good time to think about a variety of tax breaks and deductions available for qualifying ...
July 25, 2016
2016 Fringe Benefits Tax Series #13: Lodging for Business Purposes
Generally, the IRS says that the value of lodging furnished to an employee may be excluded from taxable wages only if it meets the following three conditions. (Different tests may apply to lodging furnished by educational institutions.)
July 25, 2016
3 Tax Tips for Millennials – How to Overcome the Fear
If there’s one thing we all have in common, it’s that no one enjoys filing taxes. But, according to recent studies, millennials feel particularly anxious about the annual process.
July 22, 2016
New Fiscal Year Brings Sales Tax Changes Across the Country
There have been a number of red-letter changes to date in 2016, most notably with respect to state sales tax rates, eliminating exemptions, and remote sales tax laws. More are sure to follow during the second half of the year.
July 21, 2016
Good News, Bad News on Student Loan Interest Deduction
The bad news is, if you are paying more than $2.5k per year in student loan interest, the excess is not deductible and cannot be carried forward. Also, if you are making more than $65k per year, the deduction begins to phase out, and if you are making ...
July 20, 2016
2016 Fringe Benefits Tax Series #11: Health Insurance Offers Big Benefits
Under the ACA, employers are generally required to provide at least minimal essential coverage to full-time employees. Beginning in 2016, the employer mandate applies to employers with 50 or more employers. (Smaller businesses are exempt.)
July 20, 2016
IRS Awards $385,000 in Matching Grants to Low Income Taxpayer Clinics
The LITC program is a federal grant program administered by the Office of the Taxpayer Advocate at the IRS, led by National Taxpayer Advocate Nina E. Olson. Although LITCs receive partial funding from the IRS, LITCs, their employees and their ...
July 19, 2016
Clinton or Trump? Politics Invades the Workplace
Management is more likely than employees to argue about candidates, with employers in information technology (47 percent) taking the lead, followed by those in manufacturing (37 percent).
July 19, 2016
Ohio CPA Society Proposes Tax Changes to Boost Business
The Ohio Society of CPAs (OSCPA) in June released a comprehensive white paper to state leaders outlining a series of tax changes CPAs believe will drive a more competitive business environment in Ohio.
July 19, 2016
Special Report Focuses on Sec. 385 Debt-Equity Regulations
Thomson Reuters has released a special report on the recently proposed Treasury regulations under Section 385 of the Internal Revenue Code which, if finalized, would dramatically disrupt the treatment of intercompany debt issued among members of ...
July 18, 2016
National Taxpayer Advocate Weighs In on IRS Affairs
Just like clockwork, twice a year the National Taxpayer Advocate (NTA) Nina E. Olson delivers reports to Congress on the state of affairs at the IRS. In the mid-year report released on July 7, Olson focused on a new initiative, the Public Forums on ...
July 14, 2016
Mortgage Rates Drop to 2nd-Lowest Level on Record
Mortgage rates keep dropping as post-Brexit uncertainty weighs on financial markets, with the benchmark 30-year fixed mortgage rate now at 3.52 percent, according to Bankrate.com's weekly national survey. The 30-year fixed mortgage has an average ...