Income Tax
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Carr, Riggs & Ingram Adds ProSport CPA
Review of SuiteFiles – The Accounting Technology Lab Podcast – August 2024
Avalara Adds Generative Chat to Bolster Support and Product Experiences for Customers and Partners
What Can be Done About the Accounting Talent Shortage?
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Cloud System Simplifies Form 8621 PFIC Compliance
A new online tool from Expat Tax Tools is aimed at simplifying Form 8621: Information Return by a Shareholder of a Passive Foreign Investment Company or Qualifying Electing Fund. The cloud-based Form 8621 Calculator is designed for smaller companies ...
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Don’t Even Try These Income Tax Deductions
Pets were a recurring theme: “I had a client this year tell me his last preparer let him write off the cost of his pet care on Schedule C because he took his dog to work with him every day, so it was considered a work-related expense."
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STEM Grads Starting Salaries Top List At $64K
Business majors land in the fourth spot, with a projected starting average of $52,236, an increase from the projected $51,508 for Class of 2015 graduates.
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73% of U.S. Companies Report Payment Fraud Attempts in 2015
BEC scams, short for business email compromise, are an increasingly common type of fraud which greatly impacts wire fraud. In 2015, 64 percent of organizations were exposed to BEC scams. Though checks continue to be the payment method most targeted by ...
Midsized Businesses Struggling With Tax Compliance
The research revealed that nearly half of business owners do not know how many fines they incurred in the past 12 months or how much they cost their organizations.
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It’s Easy To File An Income Tax Extension: All You Have To Do Is Ask
The red-letter due date for filing for individual tax returns – April 18 for most taxpayers around the country – is rapidly approaching. When it’s needed or preferred, you can obtain a six-month extension for filing Form 1040, merely by asking the IRS.
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Congress Approves Taxpayer Bill of Rights
With considerably less fanfare than the Bill of Rights ratified as the first amendments to the U.S. Constitution, the 114th Congress quietly approved the “Taxpayer Bill of Rights” as part of the Protecting Americans from Tax Hikes (PATH) Act of 2015.
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Exotic Dancer Found Guilty of “Tax Seduction”
This wasn’t just a case of dollar bills being tucked into a G-string. A jury determined that the dancer failed to report close to $1 million -- $850,000, to be exact -- in taxable income from performing private dances and sexual favors during the ...