December 15, 2014
The National Society of Accountants (NSA) is warning that many taxpayers have been victims of an aggressive and sophisticated phone scam where callers claim to be employees of the Internal Revenue Service (IRS), but are not.
December 15, 2014
A crystal ball is a valuable thing. After all, if any of us truly had one, we could make a killing in the stock market. But while 20-20 vision is ultimately reserved for hindsight and no one can actually predict the future, we can indeed make some educate
December 15, 2014
The holidays are also the "giving season" for many Americans, so much so that December accounts for about 18 percent of the year’s annual charitable giving.
December 14, 2014
Professional tax and accounting software and resource provider Greatland has announced the launch of the web-based features of its new Yearli product, a comprehensive W-2 and 1099 reporting software and online filing platform for businesses...
December 12, 2014
The IRS has issued the 2015 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
December 5, 2014
The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning Jan. 1, 2015. The rates will be: three (3) percent for overpayments (two (2) percent in the case of a corporation); three (3) percent for underpayments; five (5) percent for large corporate underpayments; and one-half (0.5) percent...…
December 5, 2014
Thomson Reuters today announced that the latest ONESOURCE Property Tax overview on property tax exemptions and extensions for taxpayers effected by natural disasters is now available.
December 5, 2014
The Financial Accountability and Corporate Transparency (FACT) Coalition is calling on Congress to reject the tax extenders package that includes two wasteful offshore loopholes that allow U.S. companies to dodge billions worth of taxes.
December 3, 2014
The latest Blackbaud Index shows that online giving increased 10.6% for the three months ending October 2014 as compared to the same period in 2013. Overall charitable giving to nonprofits increased 0.2% for the period.
November 29, 2014
On the day before Thanksgiving, U.S. Senator Bob Casey (PA, D.) called upon Congress to step up the fight against food insecurity nationally by approving a Senate bill that would increase tax incentives for individuals and small and mid-sized businesses donating food to food banks. Senate Bill 1395, known as the Good Samaritan Hunger Relief...…
November 26, 2014
Feeling generous this Holiday Season? The Internal Revenue Service is reminding individuals and businesses making year-end gifts to charity that several important tax law provisions have taken effect in recent years. Some of the changes taxpayers should k
November 25, 2014
Two years ago, in the wake of the election ballots legalizing recreational use of marijuana, I wrote a small blog post noting that as a new and rapidly-growing industry, there might be an opportunity for a new accounting practice area.