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.
August 5, 2013
In Washington state, the legal marijuana business will vary by city
Washington cities vary in welcoming pot commerce
August 2, 2013
IRS Oversight Agency Suggests Improvements in Management of Case Actions
The IRS needs to make changes to its management controls for overseeing revenue officer case actions, the Treasury Inspector General for Tax Administration found in its latest report. The report looked at 139 cases closed by revenue officers in the Small Business/Self-Employed Division Collection Field function and found inconsistencies in how ROs handled them.
August 2, 2013
Koskinen Nominated to be Head of IRS
On Thursday, the White House nominated John Andrew Koskinen, of the District of Columbia, to be Commissioner of Internal Revenue.
August 1, 2013
AICPA urges Congress to take action against patent trolls
The American Institute of Certified Public Accountants has issued a statement and letter to the leaders of both the United States Senate and House of Representatives, urging them to take action regarding patent refoms, which the group says is necessary because of what it calls fraudulent litigation by some organizations that exist solely for suing…
August 1, 2013
In Florida, back-to-school sales tax holiday includes computers
Back-to-school shoppers will get a chance to save some cash this week when Florida's sales tax holiday kicks off.
July 31, 2013
Security Issues That Stop You in Your Tracks
Someone in your firm needs to be literate on security and managing your risk. The number of security risks are increasing.
July 30, 2013
New Fully-Automated Expense Management System Delivers Efficiencies and Time Savings
Certify, provider of cloud-based travel and expense management software, has announced its fully-automated expense management system, designed to save employees hours of time each month. The system uses pre-determined intervals to create and deliver expense reports to employees.
July 29, 2013
California governor pushes increase in unemployment insurance taxes
In the closing days of the Legislature last year, California Governor Jerry Brown helped forge a compromise on a sweeping overhaul of the workers' compensation insurance system and persuaded Democratic and Republican lawmakers to pass it into law.
July 29, 2013
Ohio legislature ends property tax subsidies
After a tradition of some 40 years of subsidizing local taxes, Gov. John Kasich and Republicans in the Ohio House and Senate applied the brakes.
July 29, 2013
Banks increasing focus on risk management
Rising focus on board governance, enterprise-wide systems, risk and technology; operational risk deemed area that needs further attention
July 29, 2013
IRS identity verification requests present a new client opportunity
In recent years, the IRS has stressed its commitment to protecting taxpayers from tax-related identity theft. As part of this commitment, the IRS enhanced the Electronic Fraud Detection System (EFDS).
July 29, 2013
Streamlining Sales and Use Tax: Solutions Are Out There
Sales and use tax is one of the three primary areas which legislators use to fund state and local government (the other two major areas are income taxes and property taxes). The concept is relatively simple: if you buy something tangible, you pay a fixed percentage to the local government as a tax.