November 14, 2013
On the day his economic development agency proposed emergency rules to implement his START-UP NY program, Gov. Andrew M. Cuomo said hundreds of companies have expressed an interest in getting tax-free benefits in return for locating start-up businesses on college campuses.
November 13, 2013
New and used vehicles that fall outside the passenger auto definition also qualify for the Section 179 deduction (generally a total of $500,000 for all eligible property placed in service in tax years beginning in 2013). As explained later, however, heavy SUVs are subject to a reduced Section 179 limit of $25,000 per vehicle.
November 12, 2013
CPAs have close relationships with their clients (especially in smaller accounting practices) and rightfully so. Who else is better to understand their client’s financial and business affairs than their trusted CPA? And the relationship generally remains close…
November 11, 2013
A sophisticated phone scam is sweeping the country, using fear of the Internal Revenue Service to target recent immigrants and others, IRS officials warn.
November 10, 2013
Illinois CPA Society members volunteer to help active duty military members and their families with free federal and state income tax preparation.
November 7, 2013
Expanded identity theft detection efforts at the Internal Revenue Service (IRS) are helping to identify fraudulent tax returns, however, billions of dollars of potentially fraudulent refunds continue to be paid, according to a report released publicly today by the Treasury Inspector General for Tax Administration (
November 6, 2013
Thomson Reuters has released Checkpoint Credits and Incentives Pinpointer, a web-based tool that enables businesses to easily identify statutory credits and incentives that are available per industry or location.
November 5, 2013
During Fraud Awareness Week, the Association of Certified Fraud Examiners (www.acfe.com) is hoping to help organizations by providing them with basic tips that can help them detect and prevent fraud.
October 31, 2013
Advanced Micro Solutions’ 1099-Etc software offers compliance tools for paper and electronic filing of federal and state 1099, W-2 and 940 series forms, as well as unemployment forms. Customers can also purchase additional add-ons including live and after-the-fact payroll. Basic System Functions – 4.5 Stars 1099-Etc offers support for all federal and state 1099 forms....…
October 31, 2013
Magtax, by American Riviera Software Corp., is a wage and year-end information reporting system for professionals that manage these processes for multiple business clients. The software is available in Standard and Professional editions and supports multiple versions of forms 1099 and 1098. Magtax also offers e-filing and data import capabilities. Several changes to the Professional...…
October 31, 2013
From the Nov. 2013 issue. AvaTax 1099 is Avalara’s web-based 1099 preparation solution. The solution is completely web-based, eliminating the need for manual installation and upgrades. For more on this product, visit: www.avalara.com/products/avalara-1099 Basic System Functions – 5 Stars AvaTax 1099 is completely web-based, making it easy for staff to prepare and file forms from virtually anywhere in three...…
October 31, 2013
The W-2/1099 Filer is a comprehensive year-end compliance and reporting solution. It supports several data entry methods, federal and state forms, import formats and printing options. The solution also offers local and remote backup features. In addition to several updates that were delayed by Hurricane Sandy in 2012, the vendor has also released various new...…