Taxes
Latest News
AICPA Offers Comments to IRS on Domestic Content Bonus Credit Requirements
CBIZ Reaches Deal to Acquire Fellow Top 15 Firm Marcum
Professionals on the Move – July 2024
Washington State Considers Creating a Retail Delivery Fee
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Tax Analysts Sues California to Release Documents
A tax news source has sued California's Franchise Tax Board for refusing to disclose the documents it uses to decide whether to combine the incomes of two related companies and how to calculate their taxes.
Tax Evasion Defense: Resident of Heaven
A Twin Cities woman has pleaded guilty to dodging income taxes for many years in connection with her family excavation and sewage treatment business, when she claimed she and her husband were not U.S. citizens but permanent residents of the "Kingdom of Heaven."
7 Ways that Leasing Technology Can be Better than Purchasing It
When it comes to acquiring new technology, it’s difficult to stomach a hefty capital expense hit. This is especially true if you fear the technology you’re purchasing for your business may become obsolete in just a matter of years.
How Employers and Accounting Firms Can Navigate Obamacare Penalties
Thomson Reuters has released a special report for employers, accounting firms, and other professionals who advise business clients, Get Ready to Play or Pay: Employer Shared Responsibility Under Health Care Reform. The report highlights key provisions employers must understand to avoid tax penalties related to the Affordable Care Act.
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Tips for Businesses to Avoid Committing Fraud
The School of Graduate and Professional Studies at New England College has but together an infographic that offers an easy go-to guide for businesses on what’s legal and what’s illegal when it comes to managing their business through the year and when preparing for their taxes.
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How to Determine Reasonable S-Corp Shareholder Compensation
Income from an S corporation, which flows through to its shareholders and is taxed at the individual level, is normally not subject to self-employment tax. Most S corporations, however, have shareholders performing substantial services for the corporation as officers and otherwise.
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2014 Review of Sales Tax Systems for Small Businesses
Sales and use tax is a key source of government funding in most states. Unlike property tax and state income tax, however, the legislators and regulators have adopted a patchwork of different rules which affect the taxability of the items. In addition to dealing with statewide tax rates in 45 states, 38 states levy sales taxes based on the borders of cities, counties, and special districts.
2014 Review of Bloomberg BNA Sales and Use Tax Forms and Rates
In addition to its publishing products, Bloomberg BNA offers two software tools which are designed to help companies and practitioners stay up to date on tax rates and prepare accurate forms.