Taxes

 Bookkeeper Accused of Stealing $400K

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.

 IRS Says that Idle ITINs Expire After 5 Years

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.

Isaac M. O'Bannon

 10 Common Nexus-Creating Activities for Sales and Use Tax

June 30, 2014 

10 Common Nexus-Creating Activities for Sales and Use Tax

As a part of CPA Practice Advisor's ongoing series, "A Year in the Life of a SALT Accountant," Dallas-based Peisner Johnson LLP offered some key advice to accountants and their small business clients when it comes to activities that can cause them to be exposed to unexpected sales and use taxes in jurisdictions where they…

 Should Your Clients Join the Rush to Roth IRAs?

June 27, 2014 

Should Your Clients Join the Rush to Roth IRAs?

Although it’s been almost five years since the floodgates were opened, we’re still seeing a steady stream of conversions to Roth IRAs. As long as Congress doesn’t clamp down on the rules, you can expect for this trend to continue.

Ken Berry, JD

avalara

June 27, 2014 

Virginia Society of CPAs Partners with Avalara

Avalara and the Virginia Society of Certified Public Accountants have reached an agreement where VSCPA members will have unlimited access to up-to-date sales and use tax rules, rates, forms, and related reference resources, to better assist their clients, and/or their employers, in complying with a rapidly changing and complex regulatory environment.

Isaac M. O'Bannon