Taxes

 Missouri Will Allow Joint Tax Returns for Same Sex Couples

November 15, 2013 

Missouri Will Allow Joint Tax Returns for Same Sex Couples

Same-sex couples who are legally married in other states can now file joint state tax returns in Missouri, Gov. Jay Nixon said Thursday, noting that he was making the change because state tax law is linked to federal tax law.

 Tax-Free Start-Up Plan in NY Draws Business Interest

November 14, 2013 

Tax-Free Start-Up Plan in NY Draws Business Interest

On the day his economic development agency proposed emergency rules to implement his START-UP NY program, Gov. Andrew M. Cuomo said hundreds of companies have expressed an interest in getting tax-free benefits in return for locating start-up businesses on college campuses.

 Don’t Forget the Tax Breaks for SUVs, Trucks and Vans

November 13, 2013 

Don’t Forget the Tax Breaks for SUVs, Trucks and Vans

New and used vehicles that fall outside the passenger auto definition also qualify for the Section 179 deduction (generally a total of $500,000 for all eligible property placed in service in tax years beginning in 2013). As explained later, however, heavy SUVs are subject to a reduced Section 179 limit of $25,000 per vehicle.

 XCM Solutions Announces Record Sales Growth

November 13, 2013 

XCM Solutions Announces Record Sales Growth

XCM Solutions, LLC has announced that it achieved record sales results for the first half of the company’s 2014 fiscal year with new growth of 103% over the same period last year. XCM is a provider of cloud-based workflow management software for accounting professionals.

 ID Theft as ‘Certain as Death and Taxes’

November 12, 2013 

ID Theft as ‘Certain as Death and Taxes’

Identity theft is so common now that even the investigators who pursue identity theft cases and the financial counselors who help consumers get back on track have become victims.

 Global Accounting Firm Network Partners With Avalara

November 12, 2013 

Global Accounting Firm Network Partners With Avalara

Avalara and Moore Stephens North America have formed a new strategic partnership, the companies announced on Tuesday. Avalara is a provider of cloud-based automated sales tax compliance systems, and MSNA is one of the largest global accounting and consulting firm networks.

 How CPAs Should Respond to a Malpractice Suit

November 12, 2013 

How CPAs Should Respond to a Malpractice Suit

CPAs have close relationships with their clients (especially in smaller accounting practices) and rightfully so. Who else is better to understand their client’s financial and business affairs than their trusted CPA? And the relationship generally remains close…

Ralph Q. Summerford