Taxes

smart money savings 1  54919fbf61ecd

December 17, 2014 

Congress Creates New Tax-Favored Savings Accounts for Disabled

As part of its last moves before the holidays, the lame duck Congress and Senate passed the Tax Increase Prevention Act of 2014, which primarily focused on many tax deductions and credits that had technically expired at the end of last year.

tax deductions and credits 2014 fw  3  54919d7e96087

December 17, 2014 

Congress Renews Most Expired Tax Breaks

At long last, Congress granted a reprieve for most of the expired tax provisions that had remained in limbo this year, but the late-breaking tax relief is only temporary.

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December 15, 2014 

National Accounting Society Warns Taxpayers of Scams

The National Society of Accountants (NSA) is warning that many taxpayers have been victims of an aggressive and sophisticated phone scam where callers claim to be employees of the Internal Revenue Service (IRS), but are not.

Small Business Credit Building 1  548f1994581fe

December 15, 2014 

10 Credit Predictions for 2015

A crystal ball is a valuable thing. After all, if any of us truly had one, we could make a killing in the stock market. But while 20-20 vision is ultimately reserved for hindsight and no one can actually predict the future, we can indeed make some educate

 Greatland Takes W-2 and 1099 Reporting Programs to the Cloud

December 14, 2014 

Greatland Takes W-2 and 1099 Reporting Programs to the Cloud

Professional tax and accounting software and resource provider Greatland has announced the launch of the web-based features of its new Yearli product, a comprehensive W-2 and 1099 reporting software and online filing platform for businesses...

Internal-Revenue-Service-building-in-Washington-AP1

December 12, 2014 

IRS Issues New Procedure for Offers in Compromise Appeals

The Internal Revenue Service is releasing a revenue procedure today providing rules for the nationwide rollout of post-Appeals mediation for Offer in Compromise (OIC) and Trust Fund Recovery Penalty (TFRP) cases. The IRS Office of Appeals originally ...

 Are Your Business Clients Really Ready for Obamacare?

December 12, 2014 

Are Your Business Clients Really Ready for Obamacare?

In March of 2010, when the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Acts were passed, the Individual Mandate seemed like a far off event that we didn’t need to worry about just yet.

Internal-Revenue-Service-building-in-Washington-AP1

December 12, 2014 

IRS Hiring Practices and Salaries Examined in Report

A new report says the Internal Revenue Service (IRS) used its legislative authority appropriately when it temporarily hired employees at salaries higher than those typically given to Federal Government senior executives.