October 9, 2013
Hey CPAs: Don’t Be Just Your Clients’ “Tax Guy”
Some of these accountants are suited for and satisfied with that role, but there are many others who recognize that the market demands a more proactive, advisory approach with clients.
October 8, 2013
Oct. 15 Tax Extension Deadline Stands, Despite Government Shutdown
The current lapse in federal appropriations does not affect the federal tax law, and all taxpayers should continue to meet their tax obligations as normal. Individuals and businesses should keep filing their tax returns and making deposits with the IRS, as required by law.
October 7, 2013
Will New Healthcare Laws Hurt the CPA-Client Relationship?
As this column goes to print, provisions of the Patient Protection and Affordable Care Act (also known as the “ACA,” or ObamaCare) will change accountants and tax preparers from “trusted advisors” to a more derogatory status:
October 4, 2013
Ohio Woman Sentenced to 15 Months for 79 Bogus Tax Returns
Despite a plea from her attorney, a 34-year-old mother of four was sentenced yesterday to 15 months in prison for filing 79 false income-tax returns and claiming more than $400,000 in bogus refunds.
October 2, 2013
Payroll Systems Becoming More Mobile, with More Employee Self-Service Options
As we began 2013, taxpayers were shrouded in a cloud of uncertainty concerning taxes. That seemed to quickly be resolved for this year and into 2014, but we are now faced with a number of new tax and payroll issues.
October 1, 2013
Government Shutdown Begins- What it Means for Small Business
On Monday night, the U.S. Congress rejected the U.S. Senate's version of the House bill for a debt limit increase, which effectively shuts down some of the non-critical operations of the federal government.
September 30, 2013
How to Avoid the Top 4 Household Employment Tax Mistakes
When families become employers, they take on many of the same responsibilities that business employers do – although many of the forms, deadlines and labor laws for household employers are unique.
September 27, 2013
Unlicensed tax preparer gets probation for tax fraud
A Tulsa, Oklahoma, woman was sentenced Wednesday to five years of probation and was ordered to pay more than $79,000 in restitution to the Internal Revenue Service after pleading guilty to aiding and assisting in the preparation of a false federal income tax return.
September 24, 2013
Minnesota Vikings Owners Lose $84.5M Fraud Judgment
A New Jersey judge slapped the Minnesota Vikings owners Monday with an order to pay $84.5 million in damages to former partners they defrauded in a decades-old real estate deal.
September 23, 2013
Congress Releases Goals of Potential Internet Sales Tax Law
On Thursday, the House Judiciary Committee released basic principles pertaining to the issue of Internet sales tax. To develop these principles, the Committee received input directly from taxpayers, industry and trade groups, and representatives of state and local governments.
September 19, 2013
New Tax Incentives Focus On Attracting Business to New Jersey
New Jersey Governor Chris Christie on Wednesday signed into law a bill overhauling the state's tax incentive programs, touting the measure as a bipartisan achievement that would enable New Jersey to better compete for business.
September 18, 2013
Swiss Banks to Turn Over Info on U.S. Accounts
The Tax Division of the U.S. Department of Justice has announced an agreement with Switzerland that would permit all but a few Swiss banks to avoid criminal prosecution by paying substantial fines and turning over information on accounts held by American clients.