May 12, 2016
President Richard Nixon did so, while under audit, and Gerald Ford followed suit upon attaining the Presidency. Every presidential nominee of the two major political parties have released their returns since.
May 11, 2016
Samuel M. Maruca of Covington & Burling LLP has been announced as this year’s recipient of the inaugural recipient of the 2015 Leonard L. Silverstein Award for Distinguished Service in Tax. The award, presented by Bloomberg BNA, recognizes his long ...
May 11, 2016
The IRS is reminding these groups not to include Social Security numbers (SSNs) or other unneeded personal information on their Forms 990, and consider taking advantage of the speed and convenience of electronic filing.
May 9, 2016
She reported gross receipts of only $325, while claiming $16,131 in expenses, consisting of $13,000 in rent, $590 of hair products, $909 for a landline phone service, $600 for website maintenance, $552 for cellphone expenses and $480 for supplies.
May 8, 2016
Controversy is also expected to increase due to international regulatory initiatives that demand country-by-country reporting. Countries adopting the OECD Base Erosion and Profit Shifting recommendations are not likely to be consistent.
May 6, 2016
The Internal Revenue Service has released temporary and proposed regulations implementing a new voluntary certification program for professional employer organizations (PEOs).
May 6, 2016
The improved integration includes auto-matching Expensify transactions directly into Xero bank accounts, which removes the need for manual reconciliation by the administrator. Expensify has also added purchase tax support for any tax rate supported ...
May 2, 2016
Estimating the gap requires a “major statistical effort,” according to the IRS, so the gap is only estimated every few years. The last full update reported showed that the compliance rate for tax year 2006 was basically unchanged from the report on ...
May 2, 2016
Another tax season is over, and now you can catch your breath. As a manager for a public accounting firm, you may want to take off for a well-deserved vacation. But before you go, be sure to show your hardworking staff some recognition.
April 26, 2016
The payroll system, which is fully integrated with Xero’s cloud accounting platform, is now available to small businesses in 22 states including California, Texas, Georgia, New York and Florida. Already covering 70% of the American small business ...
April 25, 2016
Husted joined joined Scott Wiley, CAE, president and CEO of OSCPA in Akron last week, where he was speaking at the kick off of Advance, a new OSCPA program which explores challenges and trends in today’s increasingly global business environment.
April 25, 2016
Partner Grant Eve, Manager Glen Galt and Senior Auditor Navin Marimuthu will lead the discussion, helping attendees understand the foundations and latest developments in the world of Title 31 compliance.