November 18, 2014
Are You Ready for April 2015? Are Your Clients?
New legislation has brought greater certainty to year-end planning but also created new challenges.
November 17, 2014
3 Year-End Tax Tips for Small Businesses
The end of the year gives you and your business a great chance to maximize tax savings for 2014 and beyond.
November 16, 2014
2014 Corporate Tax Department Study
The Thomson Reuters Corporate Tax Department Pulse Survey polled 212 corporate tax department executives, half of which have $1 billion or more in revenue. The subjects of the study included U.S. corporate tax reform, tax inversions, recent tax credit ...
November 13, 2014
California Man Gets Prison for $860,000 Tax Refund Check Cashing Scam
The scheme involved the submission of fraudulent tax returns in the names of actual taxpayers, which resulted in the Internal Revenue Service issuing tax refunds, most of which were deposited directly into bank accounts.
November 13, 2014
IRS Allowed Up to $167 Million in Questionable Fuel Tax Credits
The Internal Revenue Service (IRS) may have allowed approximately $167.7 million in questionable fuel tax credit claims between 2011 and 2013, according to a new study released publicly today by the Treasury Inspector General for Tax Administration (TIGTA
November 12, 2014
IRS Clarifies IRA Rollover Limit
The Internal Revenue Service has issued new guidance to clarify the impact a 2014 individual retirement arrangement (IRA) rollover has on the one-per-year limit imposed by the Internal Revenue Code on tax-free rollovers between IRAs.
November 12, 2014
Legal Marijuana, Taxes and Accounting
It seems too early to make any sweeping financial generalizations based on such a short history. Nor am I interested in gauging the social impacts of marijuana legalization, which is both emotionally charged and unlikely to be resolved soon.
November 10, 2014
The Top 3 Post-Election Issues for Small Businesses
In the wake of the election, small business owners are keeping an especially close eye on the regulatory issues that are likely to gain steam in the weeks and months ahead.
November 7, 2014
Sales Tax Is About to Take Center Stage
Once the elections are over, we expect Congress will finally get busy focusing on sales tax legislation. But that's only part of the excitement here at the magazine. It's that time of year when accountants have a bit of time to spare before they ...
November 6, 2014
Fraud Risk Increases with Temporary Workers, Seasonal Staff
With seasonal hiring in the U.S. expected to be at its highest level in years, fraud experts warn that companies that loosen their usual processes in order to add staff quickly put themselves at increased risk to fraud.
November 5, 2014
What the 2014 Elections Mean for Business Tax Legislation
Now that the dust has settled from the mid-term elections – with the Republican party firmly in control of both houses of Congress – what are the prospects for comprehensive tax reform? Not as favorable as you might think. Although the GOP hopes to break
November 5, 2014
How to Make Sure Your 1099 Misc Forms are Correct
The most frequent use of 1099-MISC is for reporting payments for services to independent contractors, and it is possible to receive more than one 1099-MISC if a recipient performed work for several business entities.