October 10, 2014
After-the-Fact Payroll is part of a suite of products offered by AccountantsWorld. Each product in the product lineup is wholly cloud-based to assist public practitioners in achieving a constant connection to client data. After-the-Fact Payroll is intended as a payroll system, but has a number of features specific to assist in year-end tax reporting. Basic...…
October 10, 2014
Tax-Mate 1099 is a year-end compliance solution that comes in four editions, Print, Print Plus, Transmittal, and Advisor with each edition providing more features, respectfully. This article will focus on Tax Mate 1099 Advisor due to the focused effort on accountant centric features. Basic System Functions – 5 Stars Tax-Mate 1099 Advisor installs on local...…
October 10, 2014
W2 Mate provides an easy to use year-end compliance reporting system. With the ability to integrate with a number of popular accounting systems, W2 Mate offers a solution that is cost effective for preparing W2s and 1099s in-house and by public accounting firms. Basic System Functions – 4.75 Stars W2 Mate installs on local machines...…
October 10, 2014
Americans and Canadians with registered retirement savings plans (RRSPs) and registered retirement income funds (RRIFs) now automatically qualify for tax deferral similar to that available to participants in U.S. individual retirement accounts (IRAs) and
October 10, 2014
The IRS says that business e-filing of tax returns rose nearly 10 percent this year, continuing the growth that has seen the number of corporate and partnership returns filed electronically double in just four years, the Internal Revenue Service said toda
October 10, 2014
Bloomberg BNA, a wholly owned subsidiary of Bloomberg L.P. is a publisher of specialized news for business, offering several software programs used by tax and accounting professionals. BNA Income Tax Planner with optional Fifty States creating both federal and state tax plans for clients with complex tax situations. Basic System Functions: 4.75 Stars BNA’s tax...…
October 9, 2014
The IRS field workload selection process is not designed to ensure that cases with the highest collection potential are identified, selected, and assigned to be worked, according to a new report.
October 9, 2014
Fraud costs businesses billions directly, but what is the cost of complacency? Research conducted by the Association of Certified Fraud Examiners (ACFE), the world’s largest anti-fraud organization, indicates that the longer a fraud lasts before it is ...
October 9, 2014
The AICPA is urging the Internal Revenue Service (IRS) to act quickly to relieve the administrative burden imposed on small business taxpayers by the tangible property regulations
October 9, 2014
Are you the kind of tax practitioner who waits for business to walk in the door or do you actively pursue it on your own? Usually, the former will result in flat revenue while the latter enables you to better build and grow your practice.
October 9, 2014
Naturally, everyone’s tax situation is different and the landscape changes year to year. However, absent special circumstances such as pending legislation or drastic economic swings, the tried-and-true strategy of accelerating deductions into ...
October 9, 2014
One of the most nerve wracking aspects about tax season for millions each year is the possibility of being audited. For small business owners and those who are self-employed, the chance of being audited is even greater.