Taxes

 How to Make Next Busy Season Less Busy

May 12, 2014 

How to Make Next Busy Season Less Busy

Late nights of tax filings and days dispensing client advice are easily worth your fees. But how about valueless hours spent tracking down documents, exchanging e-mails, or educating staff? Compounded across all your clients, engagements, and staff, imagine how it adds up. Is this what’s (literally) keeping you up at night?

Drew West

 AICPA Applauds Passage of DATA Act by Congress

May 11, 2014 

AICPA Applauds Passage of DATA Act by Congress

“This is an important day for the American taxpayer,” said AICPA President and CEO Barry C. Melancon, CPA, CGMA. “By signing the DATA Act into law, President Obama has paved the way for implementation of a system that will allow each and every one of us to more easily track federal spending data.”

Isaac M. O'Bannon

 Summertime Tax Tip #2: Pocket Key Tax Breaks for Vacation Home Rentals

May 11, 2014 

Summertime Tax Tip #2: Pocket Key Tax Breaks for Vacation Home Rentals

If a client owns a “vacation home” in a resort area – say, a seaside cottage or a mountaintop cabin – the family may enjoy getaways there during the summer months. But when the kids grow up and the trip becomes a hassle, the place may lie dormant for much of the season. It could…

 IRS Releases 2014 Form W-2

May 8, 2014 

IRS Releases 2014 Form W-2

The IRS recently released new tax forms for Tax Year 2014, for which individuals will file by April 15, 2015.

 Bitcoin Goes Legit

May 8, 2014 

Bitcoin Goes Legit

One of the leading developers of online sales and use tax automation software has developed the first such system to support bitcoin and other virtual online currencies.

Isaac M. O'Bannon

 Charitable Giving to Nonprofits Drops

May 7, 2014 

Charitable Giving to Nonprofits Drops

A quarterly report on the amount that Americans donate to nonprofits shows a decrease in the first quarter of the year, following several months in which the giving rate had seen increases.