April 1, 2014
The Best States for Finding Professional Tax Help
According to a new report by financial education website WalletHub, the accessibility, affordability and effectiveness of available tax help varies significantly from state to state.
March 31, 2014
IRS Warns of New Email Scam
It's tax season, which is prime time for scammers who would rather be phishing.
March 31, 2014
How Does Your Firm Handle Inept Clients?
After working with clients for (mumble) decades, I still don’t know how to resolve this. Unless you think your clients would be receptive to sitting through a course (live or webinar) on “How to be a Tax Client”?
March 28, 2014
Move Over Fido – The Tax Filing Extension is a Taxpayer’s Best Friend
One could say that the automatic tax filing extension is the taxpayer’s best friend – besides being a bosom buddy to tax return preparers – as the tax filing season rushes to a close. And this BFF may be able to do more for you than you think. However, just like most good friends, it’s…
March 28, 2014
For Seniors: April 1 is Deadline to Take Required Retirement Plan Distributions
The Internal Revenue Service today reminded taxpayers who turned 70½ during 2013 that in most cases they must start receiving required minimum distributions (RMDs) from Individual Retirement Accounts (IRAs) and workplace retirement plans by Tuesday, April 1, 2014.
March 26, 2014
California Exploring Special Tax Credits to Lure New Businesses
After enduring several rounds of Texas Governor Rick Perry's radio ads and visits to the Golden State to persuade businesses to move to Texas, California is fighting back with financially focused programs to keep and attract companies.
March 26, 2014
Central California Sees Federal Grants as Key to Job Growth
San Joaquin county officials on Tuesday signed off on an "aggressive" economic development strategy, a necessary step to position the inland and mostly agricultural county's agencies to receive millions of federal grants meant to help spur job growth.
March 25, 2014
IRS Says Bitcoin is Considered Property, Not Currency
The question has lingered for about two years, but the IRS has finally decided how to treat Bitcoins and other virtual currencies when it comes to taxes.
March 24, 2014
Possible Data Breach at California DMV Could Expose Millions
The California Department of Motor Vehicles is reporting a possible data security breach in its credit card processing services but said it had not yet found evidence that its computer system had been hacked.
March 24, 2014
California Unemployment Drops on Job Gains
With the job market continuing to strengthen, unemployment fell to its lowest level in 51/2years in California last month. But for many government workers, who make up an oversized portion of Sacramento's economy, it still feels a lot like the economic recovery has barely begun.
March 23, 2014
Accounting Firm Celebrates 40th Anniversary
The accounting profession has seen revolutionary change since 1974. Yet, even as the professionals at WithumSmith+Brown, PC (WS+B), Certified Public Accountants and Consultants, are knee-deep in 1120s and 1040s for this year's tax season, they will carve out a little time to help celebrate the firm’s 40th anniversary on March 21.
March 23, 2014
The Biggest Tax Mistakes for Small Businesses
There are strategies that these business owners can take to help alleviate many of these tax time woes, and a big one is by staying in more frequent contact with their accountant. That's according to a new nationwide survey of accounting professionals.