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.
July 27, 2015
Is Summer Camp Tax Deductible?
I know, I know…the subjects of fun summer camp and “funless” income tax preparation don’t exactly go together as well as toasted ‘mallow and graham. But for as painful as taxes might be, there is some value here for anyone that sent a child to camp last summer, or is planning to in the coming months....…
July 27, 2015
What’s Next For Proposed Changes to Overtime Pay and Exempt Employees?
Recently, the Department of Labor (DOL) has released proposed rules to update the exemptions from overtime.
July 27, 2015
Senate Committee Approves Tax Extenders Through 2016
Among the many provisions addressed in the bill, business taxpayers would benefit from an extension and expansion of the Research and Experimentation (R&E) Credit, the Work Opportunity Tax Credit (WOTC), and the §179D deduction.
July 24, 2015
Focus on Tax Breaks for Disabled as IRS Marks 25th Anniversary of ADA
The Internal Revenue Service is marking the 25th anniversary of the ADA by spotlighting a number of tax benefits and services that can help taxpayers with disabilities.
July 24, 2015
4 Facts About the IRS and E-Signatures – Infographic
Taxpayers and preparers are demanding online convenience more than ever. Due to this demand and in an effort to make electronic filling easier, new guidance from the IRS has been issued that will expand the use of electronic signatures on two ...
July 23, 2015
Webinar to Focus on LGBT Tax Planning Issues
During the past two years, there has been a lot of confusion and frustration relating to tax and financial planning for LGBT clients. While the Obergefell ruling simplified this planning in many ways, there is still a lot to understand and learn with ...
July 22, 2015
Thomson Reuters Updates Market on Affordable Care Act Compliance
In light of the Supreme Court’s King v. Burwell decision, Thomson Reuters has issued an update on the process for companies to comply with the individual and employer mandates of the Affordable Care Act.
July 22, 2015
IRS Program Offers Penalty Relief for Businesses with Unfiled Retirement Plans
The program is designed to help small businesses that may have been unaware of the reporting requirements that apply to their retirement plans.
July 22, 2015
IRS Changing Identity Theft Policy to Combat Tax ID Threats
If you have ever had a client facing identity theft, you know that the first thing they want to find out is what specific information was compromised. But, until recently, the IRS has had a policy in place that prevented identity theft victims from ...
July 22, 2015
AICPA to Congress: Compliance with Federal Tax Laws Can Hamper Small Business Growth
Lewis also recommended specific changes to the tangible property regulations that address how businesses should report the acquisition and improvement of tangible property to reduce complexity. The $500 de minimis safe harbor threshold for taxpayers ...
July 22, 2015
AICPA Tax Leader Endorses Small Business Tax Compliance Act
Says the bill encompasses recommendations proposed by the AICPA that would relieve burdens imposed on small businesses by the tax code.
July 22, 2015
IRS Has Material Weakness in Internal Controls Over Unpaid Tax Assessments
The Internal Revenue Service (IRS) is currently planning activities to address a recurring financial material weakness in its internal control over unpaid tax assessments. However, planning for the Customer Account Data Engine 2 (CADE 2) Transition State 2 (TS2) has not included specific actions and activities necessary to guide new system development efforts and to...…