Income Tax

Preparing to file taxes can sometimes be a year-round job, even for small businesses. It may involve different responsibilities, including estimating tax payments, planning to buy or lease capital equipment, developing retirement-saving strategies, etc.

Tax accountants have always been the white knights. Auditors were viewed by clients as necessary, consultants the fascinating innovators, but tax accountants were there to save the day.

In cases where a tax return was not filed, the tax law provides most taxpayers with a three-year window of opportunity for claiming a refund. However, if no return is fled in time, the money becomes the property of Uncle Sam. For 2012 tax returns, the ...

Can’t file your tax return by the April 18 deadline? Taxpayers can request an automatic six-month extension of time to file the return, but what many don’t know can cost them.

The Internal Revenue Service says that federal income tax refunds totaling $950 million are waiting for an estimated one million taxpayers who did not file a federal income tax return for 2012. To collect the money, these taxpayers must file a ...

Essentially, employers now have until June 29, 2016 to get all their ducks in a row. The new Notice also explains the rules for a new target group.

With public accounting firms facing increased competition for skilled staff, it’s more important than ever that companies take a strategic approach to recruiting and hiring. Above-average compensation packages can go a long way in helping your ...

This legislation included the extension of more than 50 tax credit and incentive programs that expired on Dec. 31, 2014 – among them an array of federal tax credits that offer incentives to employers who implement various hiring, training and ...