March 14, 2013
Texas legislator, a CPA, seeks changes to state peer review system
Texas Representative Phil Stephenson, a CPA, recently filed two bills affecting CPAs and small businesses in Texas.
March 13, 2013
Tips for small businesses to navigate new tax laws in 2013
A checklist of steps that small business owners can take to help navigate changes stemming from the recently enacted American Taxpayer Relief Act (ATRA).
March 13, 2013
H&R Block software glitch could delay 600,000 income tax refunds
A glitch in the software that H&R Block and some other preparation services use could cause those with education tax credits to have a longer wait on their refunds.
March 12, 2013
Hospital workers stole patient IDs for income tax fraud
A couple in Chester County, Pennsylvania, secretly paid hospital workers to steal patients' personal information then used it to file false tax returns and claim $1.7 million worth of refunds, prosecutors said today.
March 12, 2013
Tips on deducting medical and dental expenses, Retirement savings tax credits
Taxpayers who want to deduct their medical or dental expenses on their income taxes need to understand some of the basic requirements for the deductions. The same goes with those who may be saving for retirement via specific plans and IRAs.
March 11, 2013
New ADP system helps businesses with compliance and business intelligence
A new study by ADP and CFO Research shows that 89 percent of senior finance executives rank compliance as a priority. However, managing compliance is becoming increasingly difficult – 73 percent expect the complexity of new regulations to make the task more resource-intensive over the next two years. ADP is a provider of human capital...…
March 11, 2013
What small business owners want: Simpler taxes, decreased federal spending and no national sales tax
Small businesses want a simpler income tax code with decreased federal spending, and oppose a national sales tax.
March 10, 2013
IRS says woman bragged about tax fraud on Facebook
The affidavits show Wilson even had a picture of herself with a cool smile on her face, wearing an oversized jewel-encrusted pendant spelling out her first name as she held bundles of cash.
March 9, 2013
Police officers arrested for ID theft, income tax refund fraud
Malinsky Bazile, a young Miami police officer, pocketed about $140,000 over the past two years -- but not in salary for his patrol duties, authorities say.
March 9, 2013
Former NFL player pleads guilty to income tax fraud involving another athlete
Former Philadelphia Eagles wide receiver Freddie Mitchell pleaded guilty in Orlando federal court Friday to his role in a tax fraud case, which involved recruiting at least one professional athlete as a client.
March 8, 2013
Retroactive business taxes in California… is there hope for reversal?
Twenty years ago, state lawmakers passed a tax break aimed at helping California entrepreneurs launch their own businesses.
March 8, 2013
President of national small business association urges politicians to act on federal deficit
The president and CEO of the National Small Business Association, NSBA President, Todd McCracken, wants Congress to set aside partisan differences and get back to the work they were elected to do: Addressing the national debt.