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.
September 28, 2015
4 Sales Tax Pointers for Self-Employed Clients
Self-employed clients are innovative, entrepreneurial and like taking a lot of risk, but probably aren’t paying much attention to their back-office operations, including the somewhat complicated issue of sales tax.
September 28, 2015
When Increasing a Taxpayer’s Alternative Minimum Tax Liability is the Best Strategy
Some taxpayers who have spent the last few years trying to avoid the alternative minimum tax (AMT) might try a novel approach in 2015: They might actually increase their AMT liability. This could be the optimal approach after you’ve conducted an ...
September 27, 2015
Harvest Time: Pick Up a Bushel of Capital Gains Tax Savings
The main attraction is the maximum tax rate on long-term capital gains. Typically, an investor will pay a long-term capital gains tax of 15 percent on a securities transaction. For someone in the top ordinary income tax bracket of 39.6 percent, the ...
September 24, 2015
Program Helps Tax Professionals Educate Clients On Latest Tax Changes
Thomson Reuters has released its Checkpoint Learning 2015 Tax Update program, which helps tax professionals and accounting firms educate their clients, prospects and client service teams on the latest developments in the field.
September 23, 2015
New Inflation Estimates Give First Look at 2016 Tax Rates and Brackets
Because of the income ranges bracketing the marginal tax rates have increased, a single filer with taxable income of $50,000 should owe $22.50 less next year due to the adjustments to the income tax rate brackets between 2015 and 2016.
September 23, 2015
IRS Return Review Program Improves Detection of Fraud
“The RRP test results show potential improvements in the IRS approach to prevent, detect, and resolve pre-refund tax fraud,” said J. Russell George, Treasury Inspector General for Tax Administration. “While these potential improvements are ..."
September 22, 2015
IRS Needs to Better Verify Claims for Exemption from Social Security Taxes, Says Report
In an effort to eliminate dual taxation with respect to Social Security taxes, the United States entered into international agreements, called Totalization Agreements, with 24 foreign countries.
September 22, 2015
Halliburton Settles Labor Case: Will Pay $18.3 Million In Back Overtime Wages
Oil and gas service provider, Halliburton, has agreed to pay $18,293,557 to 1,016 employees nationwide. The department’s Wage and Hour Division investigated Halliburton as part of an ongoing, multi-year compliance initiative in the oil and gas ...
September 22, 2015
Avalara Launches Sales Tax Service for Xero Customers
Cloud tax solutions provider Avalara has launched a new automated sales tax rates and returns service for Xero customers. The integration provides tax rate data in real time, enabling quick and automatic access for inclusion in customer invoices.
September 21, 2015
Lies, Damned Lies, and Statistics – The Tax Myth About Red States and Blue States
I was intrigued when a blog boldly declared that IRS statistics show that states that attempt to tax the wealthy to pay for social programs only serve to drive the wealthy to states that offer lower taxes. Anyone who follows the ...
September 21, 2015
Average Income Tax Refund for 2015 Increased to $2,701 – IRS Caught $908 Million in Fraudulent Refunds
The IRS issued more than 100.3 million refunds totaling more than $270.9 billion, compared to nearly 101.2 million refunds totaling more than $272.4 billion in 2014. The average refund increased slightly to $2,701 in 2015, compared with ...
September 20, 2015
IRS Issues New Per Diem Rates for 2016
In addition to the standard rates for specific destinations, certain high-cost areas are specified. All the other destinations are treated as low-cost areas if the high-low alternative is used.