March 14, 2014
Most Corporate Compliance Officers Expect Increased Personal Liability
Increased cost of compliance, ongoing regulatory change and growing importance on reporting place added demands on compliance teams.
March 11, 2014
Accounting and IT Professionals Join Forces to Fight Data Theft
Executives worried about data security are driving a spike in demand for skilled number crunchers who are well-versed in technology, according to a Chattanooga, Tenn.-based firm.
March 11, 2014
Want to Make the IRS Better? Volunteer for the Taxpayer Advocacy Panel
The Internal Revenue Service seeks civic-minded volunteers to serve on the Taxpayer Advocacy Panel (TAP), a federal advisory committee that listens to taxpayers, identifies major taxpayer concerns, and makes recommendations for improving IRS services.
March 10, 2014
IRS Offers 7 Tax Tips on Health Care Credit
The Obama administration is relying on various federal agencies and organizations to help implement the complex rules under the Patient Protection and Affordable Care Act (PPACA), the comprehensive health care legislation otherwise known as “Obamacare.” Naturally, the IRS is expected to play a major role, including enforcement of the penalties for failing to obtain minimum…
March 10, 2014
Divorce and the Section 121 Personal Residence Exclusion
After a divorce, if both spouses stay on title, they can both take advantage of their full personal residence exclusion of $250,000 – as long as one of them continue to use it as a personal residence AND this is specified in the divorce decree (a good reason to get along during the divorce negotiations).
March 4, 2014
Training, IT and Disaster Recovery Top List of Firm Concerns
The accounting association, CPAmerica International, released the results of its second Information Technology (IT) Benchmarking Survey to all its participants. The online survey collected data from association members in order to provide benchmarking data on software, certifications, training and disaster recovery.
February 27, 2014
What’s In (And Not In) Your Social Security Account?
Someone just asked TaxMama if there is a way to get her father’s earnings information from back in 1977-78. She needs it because his income in those years is not on his Social Security record.
February 27, 2014
Report Shows Top Business Travel Expenses for 2013, Plus Most Used Restaurants, Hotels
Business expense trends show top restaurants and traveler favorites, and the results of its latest business spending report, covering the fourth quarter of 2013.
February 26, 2014
Cheating On Income Taxes Not a Big Deal, Say 14% Of Americans
Fudge a few numbers on a tax return? It's illegal and could set a taxpayer up for some serious fines and penalties but ... 14 percent of Americans say it's not a big deal. Yet at the same time, a vast majority think tax preparer standards of competency are highly important.
February 25, 2014
Easy Marketing Tips for Firms During Tax Season
Quick ways to boost your marketing efforts even during the chaos of busy season
February 19, 2014
The Dirty Dozen Tax Scams for 2014 – IRS Cautions Taxpayers
The Internal Revenue Service today issued its annual “Dirty Dozen” list of tax scams, reminding taxpayers to use caution during tax season to protect themselves against a wide range of schemes ranging from identity theft to return preparer fraud.
February 17, 2014
Financing Getting Easier for Small Businesses
Business startups have a better opportunity for getting financing these days.