November 24, 2015
The skies are cloudy, the leaves are changing, the air is cool and brisk—and in this profession, that means time to think about year-end prep for payroll departments.
November 23, 2015
The Foreign Account Tax Compliance Act (FATCA) Online Registration System is a secure, web-based system that financial institutions and other entities can use to register for FATCA purposes. Launched in 2013, the system allows the IRS to identify ...
November 22, 2015
The tax rationale may be applied to entertainers who perform at local venues and even to high-ranking executives in town to conduct business. Currently, seven cities impose a jock tax.
November 19, 2015
Based on its report findings and discussions over the last year, the IRSAC made several recommendations on a broad range of issues and concerns.
November 18, 2015
With this guide, we hope to help you navigate the ins and outs of getting your compliance and benefits ready for end of year.
November 17, 2015
As the year winds down, the holiday season brings with it tax reporting season – which can be a hectic time for businesses. Changing regulations, looming deadlines and the threat of penalties can quickly replace “jolly” with “humbug.”
November 16, 2015
TIGTA found that the IRS recognizes continued efforts are needed to develop and implement systemic processes to detect identity theft. To date, the IRS has taken actions that include defining business identity theft, creating procedures for IRS ...
November 3, 2015
With tax season looming, now is the time for accounting firms to ramp up their staffing strategy. Determining your needed mix of full-time and temporary professionals — before holiday time-off — will set you on a course for success come 2016.
November 2, 2015
If you can’t remember the last time you reviewed your employees’ compensation, it’s been too long. Your staff members know what they’re worth and what the local job market is paying, and so should you. At least once a year, benchmark your firm’s ...
October 30, 2015
The fee for new PTINs and renewals will be $50, down from $64.25 and $63, respectively. The agency also reminded return preparers of major upcoming changes regarding which tax return preparers can represent clients in matters before the IRS.
October 28, 2015
The average cost of a professional income tax preparer to handle a "typical" 2014 tax return (the one filed by April 15, 2015) was $273 this year. This includes an itemized Form 1040 with Schedule A and a state tax return, according to the National ...
October 27, 2015
According to the Federal Trade Commission, identity theft is the fastest growing crime in America, with the number of identity theft incidents nearing 10 million a year. In a recent Thomson Reuters survey, 92% of the tax professionals who responded ...