November 21, 2013
Minnesota Unemployment Taxes Drop as Hiring Strengthens
In a sign of the state's gradually improving job market, about 120,000 Minnesota businesses will pay lower unemployment insurance taxes at the beginning of 2014.
November 20, 2013
National Society of Accountants EVP Appointed to IRS Advisory Council
IRSAC is an advisory body designed to focus on broad policy matters and reviews existing tax policy and/or recommends policies with respect to emerging tax administration issues.
November 20, 2013
2014 Tax Tips – Overview of Changes to Credits and Deductions
Must know tax advice for 2013
November 20, 2013
Oklahoma Man Pleads Guilty to $700K Embezzlement, Tax Evasion
A Tulsa man pleaded guilty Tuesday to a federal wire fraud charge connected to his embezzlement of nearly $700,000 from his then-employer by billing it for the nonexistent services of a consulting firm he created.
November 18, 2013
Congressman Files Bill to Repeal Federal Income Tax
One of Oklahoma's Representatives in the U.S. Congress, Jim Bridenstine, has filed legislation that could lead to repeal of the 16th Amendment to the U.S. Constitution -- the amendment enabling the current federal income tax.
November 18, 2013
W2Mate.com Announces Updated 2014 Tax Forms
New W-2 and 1099 printing and electronic delivery software program has been released by W2Mate.Com.
November 17, 2013
Will the Rise in the Federal Unemployment Tax Affect Your Clients?
Your payroll clients are already paying FUTA, a federal tax levied on employers that are covered by their state's unemployment insurance program. Depending on where they're located, your clients may face an increase in FUTA when they file their 2013 taxes.
November 15, 2013
Missouri Will Allow Joint Tax Returns for Same Sex Couples
Same-sex couples who are legally married in other states can now file joint state tax returns in Missouri, Gov. Jay Nixon said Thursday, noting that he was making the change because state tax law is linked to federal tax law.
November 14, 2013
Tax-Free Start-Up Plan in NY Draws Business Interest
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
Don’t Forget the Tax Breaks for SUVs, Trucks and Vans
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
How CPAs Should Respond to a Malpractice Suit
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
IRS Warns Taxpayers About Scam
A sophisticated phone scam is sweeping the country, using fear of the Internal Revenue Service to target recent immigrants and others, IRS officials warn.