August 22, 2014
$300K Payroll Embezzlement Gets Texas Woman 37 Months in Prison
A San Antonio woman was sentenced Thursday to 37 months in federal prison for pilfering nearly $300,000 from the payroll taxes of a local printing company.
August 21, 2014
Businesses Paid $671 Billion in State and Local Taxes in 2013, Up 4.3%
Business taxes account for 44.9% of all state and local taxes.
August 21, 2014
5 Ways to Get Tax Deductions for Local Transportation Uses
Frequently, the IRS challenges deductions for business-related driving expenses, especially when they involve local travel. Start with this basic premise: To qualify for transportation deductions, you must be traveling away from your tax home to a business location. For this purpose, your tax home is generally your principal place of business, not the place where…
August 21, 2014
Tax Series: Protecting Travel & Entertainment Deductions
The more things change, the more they stay the same. Despite the thousands of revisions to the tax code that are made each year, the IRS continues to focus on travel and entertainment (T&E) deductions in audits of business taxpayers.
August 20, 2014
This Way to CPA: Accounting Competition Challenges Undergrads
The American Institute of CPAs has opened the enrollment period for the 2014 Accounting Competition, with a total of $40,000 in awards at stake. The fifth annual competition challenges teams of undergraduates to play the role of management accountants and combine their accounting and financial expertise with strategic insight to help guide business decisions.
August 19, 2014
Deloitte: Economic Stability Raises Confidence in Retirement Savings
The economic uptick over the past year has led to renewed interest in retirement savings, according to Deloitte's 13th Annual Defined Contribution Benchmarking Survey.
August 18, 2014
Ranking the Best & Worst Cities for First-Time Homebuyers
Looking to buy your first home? A new study shows that the Midwest, and specifically Texas and Oklahoma, have the highest ranked cities for first-time home buyers.
August 13, 2014
31% of Workers Have No Retirement Savings
Nearly one third of American workers have no retirement savings or a pension, and 19 percent of workers nearing retirement age have no nest egg either, according to a new report by the Federal Reserve Board.
August 13, 2014
Small Business Owners Confident on Finances, Revenue Growth
More small business owners say their company’s current financial situation is good, yet their outlook for the next year has not changed significantly, according to a new survey.
August 12, 2014
Newtek to Increase Small Business Lending Line by $23 Million
Newtek's Total Financing Through Capital One, N.A. to Reach $70 Million
August 12, 2014
Employee vs. Independent Contractor: Do You Know the Rules?
When you’re running a business and someone works for you or provides a service, you pay them. That’s easy. What isn’t always so easy is determining how you should treat those payments. Before you enter into a business relationship, it’s important to establish the type of relationship – is this person providing services as an…
August 11, 2014
AICPA Recognizes Michigan Gov. Snyder with Impact Award
Michigan Governor Rick Snyder, a credentialed Certified Public Accountant, has received the American Institute of CPA's 2014 Outstanding CPA in Government Impact Award: State Level.