Taxes

 How Accounting Firms Can Protect Against Identity Theft

January 28, 2014 

How Accounting Firms Can Protect Against Identity Theft

In the wake of the recent identity theft of some 40 million accounts from retail merchant Target, and the potential for massive theft from the health care exchanges set up under the Patient Protection and Affordable Care Act (ACA), consumers are again left bewildered -- and looking for someone to take the lead in crafting…

Dave McClure

 Deadline for Forms W-2 and 1099 is on Friday, Jan. 31

January 27, 2014 

Deadline for Forms W-2 and 1099 is on Friday, Jan. 31

Those who paid regular employees or used a contractor for more than $600 in work have until Jan. 31, 2014, to provide the appropriate wage and income reporting form – a W-2 or 1099-MISC – to all recipients. For those who procrastinate, sorting through the various IRS reporting requirements at the last minute can make…

pay-federal-income-tax1

January 27, 2014 

H&R Block Stops Income Tax Ads on Dollar Bills After Complaints

The tax preparation company has been handing out real dollars bearing its marketing message for this year's tax season. There's a toll-free phone number to call Block, a Web address and even a footnoted disclaimer that not everyone gets a tax refund.

 Special Report Looks at Major Tax Changes of 2013

January 24, 2014 

Special Report Looks at Major Tax Changes of 2013

Thomson Reuters has released a special retrospective report focused on the key tax developments that occurred during 2013, which included a major federal tax law as well as many significant new cases, regulations, rulings, and revenue procedures.

 IRS Modifies Automatic Consent Rule for Method of Accounting

January 24, 2014 

IRS Modifies Automatic Consent Rule for Method of Accounting

The Internal Revenue Service has announced the release of Revenue Procedure 2014-16, which modifies the procedures for obtaining the automatic consent of the Commissioner for certain changes in methods of accounting for amounts paid to acquire, produce, or improve tangible property.

 Experts Warn of Scam Emails About Data Breach at Target

January 22, 2014 

Experts Warn of Scam Emails About Data Breach at Target

In the aftermath of the data breach that potentially exposed the credit and debit card information for 80 million shoppers, Target sent out an official email stating that the company would offer one free year of credit monitoring through Experian.

 New Print Edition of FASB Accounting Standards Codification Available

January 21, 2014 

New Print Edition of FASB Accounting Standards Codification Available

The Financial Accounting Foundation (FAF) today released an updated print edition of the Financial Accounting Standards Board’s FASB Accounting Standards Codification, the single, authoritative source of U.S. Generally Accepted Accounting Principles (U.S. GAAP) for public and private companies and not-for-profit organizations.

 Equality In Employer Health Insurance Plans Delayed

January 21, 2014 

Equality In Employer Health Insurance Plans Delayed

Unless you’ve been living under a rock the last few years, you’re well-aware that the massive health care legislation known informally as “Obamacare” by both its detractors and proponents remains the law of the land.