The 5 Biggest Tax Mistakes Small Business Owners Make

December 23, 2015 

The 5 Biggest Tax Mistakes Small Business Owners Make

Whether a business is incorporated and files returns as an entity, or is an LLC and the owner files a Schedule C with their personal 1040 income tax return, there are many potential areas for errors, from misreporting income or expenses, to missing ...

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December 22, 2015 

3 Year-End Payroll Tips to Help Employers Avoid Headaches

Each year, employers across the country realize that they need to adjust their payroll data after their final payroll run of the year. Here are three of the most common adjustments that can be avoided with just a little planning.

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December 22, 2015 

ADP System Helps Employers Track New Work Opportunity Tax Credit

WOTC is a tax incentive program designed to encourage employers to hire and retain individuals from specific target groups with employment barriers. These groups include Veterans of War (VOW), Empowerment Zone residents, welfare and food stamp ...

 Report Says IRS Needs To Take Steps To Prevent Fraudulent Refunds

December 22, 2015 

Report Says IRS Needs To Take Steps To Prevent Fraudulent Refunds

TIGTA initiated this audit because an IRS employee reported to the TIGTA Office of Investigations that the IRS was not working some taxpayer cases in which refunds were held. The Office of Investigations identified that the IRS did not timely address ...

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December 22, 2015 

IRS to Accept Income Tax Returns Starting January 19, 2016

Following a review of the tax extenders legislation signed into law this week, the Internal Revenue Service says that tax season will begin as scheduled on Tuesday, Jan. 19, 2016. The IRS expects to receive more than 150 million individual returns ...

 2015 Review of Tax Research Systems

December 21, 2015 

2015 Review of Tax Research Systems

Taxation is no longer a once-a-year engagement, at least not for clients with more than a couple of W-2s and 1099s. Complex and high net worth clients require strategic tax planning, which in turn requires their professional to stay on top of changes ...

Isaac M. O'Bannon