November 30, 2015
National Accounting Group Offers Year-End Tax Tips
As your time runs out, the National Society of Accountants (NSA) also offers this list of tax changes and strategies, courtesy of Wolters Kluwer.
November 29, 2015
Stopping Taxpayer ID Theft: The IRS Means Business
The three main partners in the program – the IRS, the states and other tax industry sources –will also be releasing additional YouTube videos highlighting these tips as the tax filing season approaches. The first video in the series is now available ...
November 29, 2015
Rubio Offers Unique Tax Reform Plan
Rubio’s proposed tax plan includes a dramatic change in the way capital gains are treated. With this little-noticed proposal, holders of capital assets – including securities, real estate and small business interests – would calculate their potential ...
November 24, 2015
IRS Raises Safe Harbor Threshold for Tangible Property Expensing to $2,500
The Internal Revenue Service has reduced the paperwork and recordkeeping requirements for small businesses by raising from the safe harbor threshold for deducting certain capital items $500 to $2,500.
November 24, 2015
Year-End Payroll Reporting: State-by-State Due Dates for Form W-2
The skies are cloudy, the leaves are changing, the air is cool and brisk—and in this profession, that means time to think about year-end prep for payroll departments.
November 24, 2015
2016 EY Income Tax Guide Now Available
With new chapters of information on tax preparation, the EY Tax Guide 2016 is now available online and in bookstores nationwide to guide taxpayers through the tax filing season. New to the 31st edition are important updates on tax law changes ...
November 23, 2015
IRS Updates FATCA Registration Website
The Foreign Account Tax Compliance Act (FATCA) Online Registration System is a secure, web-based system that financial institutions and other entities can use to register for FATCA purposes. Launched in 2013, the system allows the IRS to identify ...
November 22, 2015
Jock Tax Overturned, Supreme Court Denies Appeal
The tax rationale may be applied to entertainers who perform at local venues and even to high-ranking executives in town to conduct business. Currently, seven cities impose a jock tax.
November 22, 2015
IRS, States and Tax Software Makers Make New Push For Data Security
The campaign -- which will continue through the April tax deadline -- was announced today at an event hosted by the Federation of Tax Administrators, comprised of state revenue departments across the nation. The effort is part of the Security Summit ...
November 18, 2015
The Ultimate Year -End Guide to Payroll Compliance and Benefits
With this guide, we hope to help you navigate the ins and outs of getting your compliance and benefits ready for end of year.
November 17, 2015
Top 10 Myths for the 2015 W2 and 1099 Wage Reporting Season
As the year winds down, the holiday season brings with it tax reporting season – which can be a hectic time for businesses. Changing regulations, looming deadlines and the threat of penalties can quickly replace “jolly” with “humbug.”
November 17, 2015
Taxologist Awards Recognize Exceptional Professionals
Thomson Reuters recently announced the winners of the second annual Taxologist Awards, a program that recognizes exceptional tax departments and professionals who positively impact their organizations by embracing tax technology.