August 4, 2014
Tax Scams Are a Major Concern for Taxpayers
A majority of U.S. taxpayers view tax scams as a major issue for them, with 78 percent of Americans believing they are vulnerable and could become a victim.
August 1, 2014
Charitable Giving Increases by 1.6%
The latest Blackbaud Index shows that overall charitable giving to nonprofits increased 1.6% and online giving increased 8.0% for the first half of 2014 as compared to the first half of 2013. In addition, overall charitable giving grew 1.5% and online giving grew 8.7% for the three months ending June 2014 as compared to the…
August 1, 2014
Latest Income Tax, IRS Scam Targets Retirees
An Austin, Texas, man may have been the target of scammers pretending to be IRS agents that have bilked at least one elderly woman of $2,500.
July 31, 2014
How to Keep Your Nanny Tax Clients Happy
If you have household employment (a.k.a. “nanny tax”) clients, you know how much extra work goes into making sure their taxes are in order. For those unfamiliar with this part of the tax code, household employers have a “Casual Babysitting Exemption” when they pay an individual less than $1,900 in a calendar year. However, once…
July 31, 2014
IRS to Hold Next Tax Forum in Maryland
The next 2014 IRS Nationwide Tax Forum will be held at National Harbor in Maryland near Washington, D.C., and the IRS invites enrolled agents, certified public accountants, certified financial planners and other tax professionals to attend. Those who sign up by the pre-registration date of Aug. 5 will save $130 off the on-site price.
July 30, 2014
Inituit to Acquire India-Based Tax Solutions Firm
Intuit, the makers of numerous small business and personal financial and tax technologies, has entered into an agreement to acquire KDK Softwares India Private Limited a market leader in providing professional tax solutions in India.
July 30, 2014
AICPA Says Big Data is Top Issue for Forensic and Valuation Professionals
CPAs working in the forensic and valuation areas have identified big data as the most pressing issue they’ll face in the near future.
July 28, 2014
Latest Version of TaxWorkFlow Offers New Features, Enhanced Interface
TaxWorkFlow, LLC has launched TaxWorkFlow Version 2.0, the latest release of the company’s TaxWorkFlow practice management solution.
July 28, 2014
Forensic Accounting Case Study Spotlights CFO Fraud
A client requested an initial audit to satisfy bank requirements of a wholesale/distributor of office products. The experienced team at Gettry Marcus performed the required audit procedures, but as it does with all clients, Gettry Marcus looked beyond the required steps.
July 28, 2014
California Man Fights Tax Officials Over Granddaughter’s $6 Tax Refund
Never before in California history has someone battled the state Franchise Tax Board to make sure his young grandchild didn't hold on to her first-ever tax refund.
July 26, 2014
Congress Votes to Increase Child Tax Credit
More families with higher incomes could claim the popular child tax credit under a bill that won approval Friday in the House. But in a dispute that divides Republicans and Democrats, millions of the poorest low-income families would still lose the credit in 2018, when enhancements championed by President Barack Obama are set to expire.
July 22, 2014
Michigan Supreme Court Allows Three-Factor Apportionment for Business Tax
On July 14, 2014, the Michigan Supreme Court ruled that the Multistate Tax Compact (MTC) election applies to both the modified gross receipts and net income tax bases in International Business Machines v. Michigan Department of Treasury.