Accounting February 28, 2026
Voting Opens for 2026 Readers’ Choice Awards!
Voting in the 2026 Readers’ Choice Awards is now open. Readers can vote for the programs, hardware, services, and other technologies they use and trust.
April 6, 2016
How To Lower Your Risk Of An IRS Tax Audit
Pop star Iggy Azalea has not been getting a lot of good news in the audit area lately. Not only did her Twitter Audit score land at 93 percent – meaning that only 7 percent of her followers are actually real people – but the IRS determined that she owes n
April 6, 2016
New Tax Scam Targets DC, Virginia, Maryland Residents
As reports of phone scams as well as email phishing schemes continue across the country, the Internal Revenue Service is warning taxpayers of a new phishing scam targeting Washington D.C., Maryland and Virginia residents.
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 ...
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 ...
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
March 31, 2016
Medical Tax Deduction for Seniors Rising to 10% Threshold
They may not know it, but this may be the last year that some of your older clients will be able to claim a medical expense deduction.
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 ...
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.
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."
March 30, 2016
STEM Grads Starting Salaries Top List At $64K
Business majors land in the fourth spot, with a projected starting average of $52,236, an increase from the projected $51,508 for Class of 2015 graduates.
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 ...
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 ...