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.
February 26, 2016
Super Tuesday is Also Tax Deadline for Farmers and Fishermen
Farmers and fishermen who chose to forgo making quarterly estimated tax payments for 2015 generally must file their 2015 federal return and pay any tax due by Tuesday, March 1, 2016.
February 26, 2016
New Law Increases Penalty for Not Filing Income Taxes
This penalty is equal to 5 percent of the additional taxes owed amount for every month (or fraction thereof) your return is late, up to a maximum of 25 percent. Previously, the minimum penalty for failing to file a return within 60 days of the due date ..
February 26, 2016
Millennials More Likely To File Paper Tax Returns … What?
They may have grown up with an always plugged-in and mobile world, but Millennials are actually more likely to turn to paper than any other age group, a new survey shows.
February 26, 2016
ADP Gives Accountants Free HR HelpDesk Access During Tax Season
ADP is offering accountants and their small-business clients free access to the ADP HR HelpDesk during tax season. This offer is available to accountants nationwide who can also select up to five of their small-business clients (those with fewer than ...
February 25, 2016
Tax Scams Increase 400% – IRS Issues New Alert
The emails are designed to trick taxpayers into thinking these are official communications from the IRS or others in the tax industry, including tax software companies. The phishing schemes can ask taxpayers about a wide range of topics.
February 25, 2016
IRS Two Steps Closer to Regulating Tax Preparers
The IRS strategy to require independent, non-credentialed tax preparers took two steps forward in February. Both steps are designed to establish required education and licensing for the estimated 111,000 independent tax preparers in the US.
February 24, 2016
Is the IRS Off Its Rocker? Auction Set for Memorabilia
What would you pay a vintage guitar autographed by Ozzy Osbourne, front man for the rock band Black Sabbath and former star of a reality TV show? Never mind that the ubiquitous Ozzy never actually played guitar for the heavy metal group – the IRS is ...
February 24, 2016
8 Common Income Tax Myths
It's tax season, and that means a lot of confusion when it comes to many aspects of American's tax responsibilities. The National Association of Enrolled Agents has come up with a list of eight frequently-encountered tax myths that could affect your taxes
February 24, 2016
Adam Davidson to Keynote Avalara Crush Sales Tax Conference
Davidson writes the “On Money” column for the New York Times Magazine, and rose to prominence as the co-creator of Planet Money, which reaches millions of people weekly via a blog, a twice-weekly podcast and regular stories on ‘‘Morning Edition,’’ ...
February 23, 2016
Americans Ignoring Risk of Tax Identity Theft
Americans are ignoring simple precautions and best practices this tax season that could easily lead to stolen identities and hacked personal information, according to a new national survey by IDT911, a data security and identity theft protection firm.
February 22, 2016
Labor Dept Targets Fast Food Franchises On Wages
Investigations completed in the last five quarters nationwide have resulted in fast food employers paying more than $6.7 million in back wages owed to nearly 18,000 employees.
February 22, 2016
Many Taxpayers Could Benefit from Saver’s Income Tax Credit
The credit is available to workers aged 18 years or older who have contributed to a company-sponsored retirement plan or IRA in the past year and meet the Adjusted Gross Income (AGI) requirements.