October 28, 2014
3 Marketing Mistakes Tax Professionals Should Avoid This Tax Season
So what is the key to succeeding this tax season? Marketing – and lots of it. But marketing alone isn’t enough; you have to market well…
October 28, 2014
Will Congress Restore Sec. 179 Tax Deduction Limits?
The ultimate fate of the Section 179 deduction remains unclear. As things stand now, the maximum allowance will remain at the lowest level it’s been since the year 2000, a mere $25,000. Of course, Congress may still get its act together to restore...
October 27, 2014
Taxologist of Tomorrow Program Gives Students Hands-On Way to Explore Career
Thomson Reuters has launched a new program to help accounting students explore the possibilities of a career as a tax professional. The program, called "Taxologist of Tomorrow", provides high school students with hands-on, technologically driven lessons t
October 27, 2014
IRS Told to Improve Integration Between its Software Programs
If tax processing systems are not properly integrated to deliver filing season functionality, taxpayers may be unable to timely file returns, receive refunds, or obtain timely, accurate customer service.
October 27, 2014
Tax Pros Offer Tips on Ways Holiday Giving Can Also Earn Tax Benefits
Considering giving a large cash gift to a loved one during the coming holidays? Thinking of making a big donation to charity or buying small gifts for business associates? Such gestures may provide you with your own present next year: a tax deduction.
October 26, 2014
How to Get the Biggest Tax Deductions from Charitable Donations
At the end of the year, socially-conscious clients can boost their deductions, and thereby lower their tax bills, by giving a little extra to the charities of their choice. That’s still a sensible tax strategy as 2014 draws to a close. But a recent ...
October 26, 2014
The End of the Year is Near: Take Your Required Minimum Distributions or Face Big Penalties
Should retirees take money out of their qualified retirement plans like 401(k)s and IRAs to help pay for their living expenses? Most retirement-savers in their 70s or older have little choice: Under the federal tax law, they are mandated to make ...
October 23, 2014
How the Net Investment Income Tax Can Bite Your Clients, and How to Get Them Prepared
If there is one thing that all CPAs can agree upon, it is that the 2014 tax return filing season was one of the most strenuous that any practitioner has seen in their career. Between rate increases, the imposition of new taxes, and the reinstatement of th
October 21, 2014
Salaries on the Rise for Accounting Professionals
To handle new business, public accounting firms are looking to add to their workforce. Many still need to fill positions left vacant during the downturn and take some of the burden off their current teams.
October 21, 2014
The Tax Benefits of Adopting a Child
Taxpayers who adopt a child do more than open their hearts – they also open their opportunities to take advantage of tax credits.
October 20, 2014
2014 Tax Planning Report Highlights Opportunities and Challenges for Tax Professionals
Thomson Reuters has released a new special report on year-end tax planning for 2014 for individuals and businesses. The report highlights the unique opportunities and challenges faced by taxpayers in today’s uncertain legislative environment. It describes the moves to make by year-end to achieve maximum overall tax savings for 2014 and later tax years. It...…
October 20, 2014
10 Year-End Income Tax Tips for 2014
Year-end Tax Guide for 2014 highlights the most important tax planning considerations for individuals and small businesses.