Taxes

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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.

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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.”

 Taxologist Awards Recognize Exceptional Professionals

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.

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November 16, 2015 

IRS Not Doing Enough to Fight Business Tax ID Theft

TIGTA found that the IRS recognizes continued efforts are needed to develop and implement systemic processes to detect identity theft. To date, the IRS has taken actions that include defining business identity theft, creating procedures for IRS ...

 Tax Preparers Must Renew PTINs by Dec. 31

November 16, 2015 

Tax Preparers Must Renew PTINs by Dec. 31

Anyone who prepares, or assists in preparing, substantially all of a federal tax return or claim for refund for compensation must have a valid PTIN from the IRS. The PTIN must be used as the identifying number on these prepared returns.

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November 6, 2015 

3 Tactics to Reduce Tax Season Stress

Tired of 80-hour work weeks? Frustrated that your staff doesn’t want to be held accountable? Stressed about stressing next tax season? As part 1 of a series on “Building your Tax Season,” I wanted to share with you a couple of steps you can take today ...

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November 4, 2015 

AICPA Honors Professionals with Awards in Area of Taxation

Germano is president and general counsel of Actuarial Benefits & Design Company, which she co-founded in 1989. The company, based in Midlothian, Va., helps business owners assess retirement needs for themselves and their employees, as well as to set up r

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November 3, 2015 

6 Tips for Tax Season Staffing at Accounting Firms

With tax season looming, now is the time for accounting firms to ramp up their staffing strategy. Determining your needed mix of full-time and temporary professionals — before holiday time-off — will set you on a course for success come 2016.

Paul McDonald