Taxes May 26, 2026
78% of Tax Pros Say Tax Season Negatively Impacts Personal and Professional Life
Most fished busy season with real, measurable damage to sleep, health, relationships, and decision quality.
January 22, 2014
Tips for Tackling Small Business Finances in 2014
Online accounting software maker Xero has released a new collection of critical tips and advice from accountants that is designed to help small businesses improve operations in 2014.
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.
January 21, 2014
Payroll: The Difference Between Exempt & Non-Exempt Employees
You probably know that non-exempt employees are covered under FLSA, which imposes requirements for overtime and other aspects of employment. Exempt employees, on the other hand, are not subject to FLSA.
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.
January 21, 2014
Printable Version of 2013 Income Tax Return – Form 1040 (Due April 15, 2014)
A printable version of the IRS Federal income tax return (Form 1040) can be viewed and printed from our website by clicking the download button at: http://cpapracticeadvisor.com/11297334.
January 20, 2014
What Small Businesses Need to Know About Health Care Tax Credit
Starting this year, the credit goes up to 50 percent for for-profit entities, and 35 percent for tax-exempt ones.
January 20, 2014
Tax Preparers Unprepared for Data Loss, ID Theft Incidents
I visited Arizona last summer, where the temperatures hit 119 degrees in the afternoon and didn’t much cool at night. They call it “dry heat.” I called it Apache Territory.
January 19, 2014
IRS Releases Documents on How it Treats Tax Exempt Political Groups
Responding to a Freedom of Information Act request, the IRS has released a series of documents, including training materials used by agents relating to how it recognizes and treats exempt organizations like nonprofits.
January 18, 2014
The Income Tax Return Race Begins for Free Filers
The IRS recently said that the 2014 tax filing season for individual returns won’t kick off until January 31, a delay of ten days due to the government shutdown last October. But taxpayers using the IRS’ Free File program can still get a head start.
January 18, 2014
Three Florida Men Plead Guilty to $7 Million Tax Refund Fraud, ID Theft
Three more suspects pleaded guilty in federal court in Miami Friday for their roles in a $7 million scheme that used the identities of dead people to file fraudulent income tax refund claims, U.S. Attorney Wifredo A. Ferrer said.
January 17, 2014
National Taxpayer Advocate Delivers 2014 “State of the IRS” Report
It isn’t quite as significant as the president’s State of the Union address, but National Taxpayer Advocate (NTA) Nina Olson released a new report to Congress on January 9 (IR-20140-3).
January 16, 2014
AICPA Supports Tax Administration Reform and Simplification
The American Institute of CPAs (AICPA) said in a letter today to Senate Finance Committee Chairman Baucus and Ranking Member Hatch that it “strongly supports the efforts by the Senate Committee on Finance on tax administration reform and simplification.”