healthinsurance.0221131

March 24, 2014 

Should Accounting Firms Sell Health Insurance?

When it first became clear that tax preparers – including CPAs – would have to be the front line in implementation of the Affordable Care Act, I voiced a lot of concerns. I doubted it would be possible for accounting professionals to serve as both trusted advisors and health insurance sales people.

Dave McClure

 California Unemployment Drops on Job Gains

March 24, 2014 

California Unemployment Drops on Job Gains

With the job market continuing to strengthen, unemployment fell to its lowest level in 51/2years in California last month. But for many government workers, who make up an oversized portion of Sacramento's economy, it still feels a lot like the economic recovery has barely begun.

 Minnesota Legislature Approves New Tax Deal

March 24, 2014 

Minnesota Legislature Approves New Tax Deal

Both houses of the Legislature passed a bill Friday to cut income and sales taxes by $443 million over the next 15 months. Gov. Mark Dayton signed it as soon as it reached his desk Friday evening.

 Accounting Firm Celebrates 40th Anniversary

March 23, 2014 

Accounting Firm Celebrates 40th Anniversary

The accounting profession has seen revolutionary change since 1974. Yet, even as the professionals at WithumSmith+Brown, PC (WS+B), Certified Public Accountants and Consultants, are knee-deep in 1120s and 1040s for this year's tax season, they will carve out a little time to help celebrate the firm’s 40th anniversary on March 21.

taxes1

March 23, 2014 

The Biggest Tax Mistakes for Small Businesses

There are strategies that these business owners can take to help alleviate many of these tax time woes, and a big one is by staying in more frequent contact with their accountant. That's according to a new nationwide survey of accounting professionals.

Isaac M. O'Bannon

 10 Income Tax Breaks for the Rich and Famous

March 20, 2014 

10 Income Tax Breaks for the Rich and Famous

Many federal income tax breaks are reserved for low-income families – the earned income tax credit (EITC) instantly comes to mind – but that doesn’t mean that wealthier individuals can’t get their fair share of the pie.

Ken Berry, JD

 The Complications of an Untaxed Death

March 20, 2014 

The Complications of an Untaxed Death

Wow! I just read an article about a woman who died six years ago and no one noticed. (Talk about a senior’s biggest fear.) It seems that she had so much liquidity in her bank account that her automatic payments lasted that long – before her mortgage company finally foreclosed.

Eva Rosenberg

 N.Y. Town Clerk Accused of Embezzling $117K

March 20, 2014 

N.Y. Town Clerk Accused of Embezzling $117K

New York state police, based on information developed by a state comptroller's audit, have arrested a former clerk/treasurer of the now-dissolved village of Altmar, Oswego County, and charged her with embezzling $117,615 in village funds.