Small Business June 26, 2026
Tax Court Doesn’t Horse Around in New Hobby Loss Case
After examining all the evidence, the Tax Court ruled that the activity doesn’t rise to the level of a business. Result: All the loss deductions are denied.
July 12, 2014
Pennsylvania Gov. Vows to Take Pension Reform to Public Vote
After more than a day of criticism from fellow state Republicans for allegedly failing to show leadership, Gov. Tom Corbett said Friday he has worked behind the scenes for long enough and will take his cause of pension reform to the public.
July 11, 2014
National Society of Accountants Announces 2014 Scholarship Winners
A total of 33 students have earned scholarships from the National Society of Accountants (NSA) Scholarship Foundation. Together, they will receive $34,450 in scholarship awards.
July 10, 2014
Mortgage Rates Rise Slightly on Jobs Report
Mortgage rates increased slightly following an improved jobs report from the Labor Department, according to mortgage news and comparison site, Bankrate.com. the benchmark 30-year fixed mortgage rate rising to 4.31 percent, and the average 30-year fixed mortgage has an average of 0.33 discount and origination points.
July 10, 2014
Report Says IRS Should Revise Form 1040
A new report by the agency that oversees the Internal Revenue Service says it's time to revise the ubiquitous Form 1040, the form used by individual taxpayers to report their annual income.
July 7, 2014
July SALT Checklist
What should you be doing in your state and local tax practice this month? Here's your SALT checklist for July.
July 2, 2014
Bookkeeper Accused of Stealing $400K
A 65-year-old New Mexico woman is accused of stealing nearly $400,000 from her employer, including forging more than 200 checks and paying $30,000 in mortgage payments via electronic transfers from her employer's account.
July 1, 2014
IRS Says that Idle ITINs Expire After 5 Years
The Internal Revenue Service announced on Tuesday that Individual Taxpayer Identification Numbers (ITINs) will expire if not used on a federal income tax return for five consecutive years. The IRS will not begin deactivating ITINs until 2016, however.
July 1, 2014
New Form 1023-EZ Simplifies Small Charity Applications for Tax-Exempt Status
Small charities have a new, simpler process for applying for tax-exempt status. The Internal Revenue Service has introduced Form 1023-EZ, a shorter application form to help small charities apply for 501(c)(3) recognition.
July 1, 2014
Nonprofit Charities See Increase in Donations
Americans gave more to charities over the past three months than they did during the same period last year, according to the Blackbaud Index, which tracks charitable giving.
June 30, 2014
Barbacci Becomes Chairman of Florida Institute of CPAs
The Florida Institute of Certified Public Accountants (FICPA) announces that Jeffrey E. Barbacci, CPA, of Tallahassee will serve as the FICPA’s 2014-2015 Chair of the Board. Barbacci’s term began July 1, 2014.
June 30, 2014
ADP SmartCompliance Tax Credits System Undergoes First SOC 2, Type 1 Audit
The operations supporting ADP's SmartCompliance Tax Credits module have successfully completed its first Service Organization Controls (SOC) 2 Type 1 audit.
June 30, 2014
Supreme Court Rules Businesses Don’t Have to Cover Contraception
In their 5-4 decision, the justices recognized for the first time that for-profit business such as East Earl, Pa.-based Conestoga Wood Specialties, owned by a Mennonite family, can hold religious views derived from their owners under federal law.