Taxes
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Biden and Trump Spar on Social Security and Taxes During First Debate
Changes Coming to QuickBooks – The Accounting Technology Lab Podcast – July 2024
New Intuit QuickBooks Technology Survey Calls for Improvements in Three Key Areas
Supreme Court Limits Rulemaking Power of Federal Agencies
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2012 Review of Professional Tax Planning Systems
Everyone has heard the old Benjamin Franklin quote about the only certain things in life being death and taxes. The certainty of taxes, however, is far more subject than the first.
Death and Taxes: Make Sure Your Firm Survives Tax Season
Benjamin Franklin said it first: the only certain things in life are death and taxes. In the case of accountants, though, he might have mentioned that the greatest risk is death during tax season. Forget about last minute changes to the tax code. Forget software updates, and clients without proper receipts, and identity theft, and […]
More Mississippi Counties Get IRS Tax Relief Resulting from Hurricane Isaac
The IRS has added to the list of counties in Mississippi where victims of Hurricane Isaac can qualify for tax relief. After recent disaster declarations for individual assistance issued by the Federal Emergency Management Agency (FEMA), the IRS announced that affected taxpayers in Mississippi will receive tax relief, and other locations may be added in […]
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Eight Small Business IRS Audit Areas to Watch Through 2013
The IRS has announced emerging or significant areas that it will prioritize for the coming year. When it comes to compliance, the IRS has increasingly focused on small business underreporting, which is responsible for 84% of the $450 billion tax gap.
TaxWorks to Offer Client Expense Tracking Tools
RedGear Technologies, known for its TaxWorks professional tax preparation suite, is now offering tools that tax firms can provide to their clients.
IRS announces a multi-year effort to increase audits in flow-through entities
As tax season approaches, practitioners can expect the IRS to quickly expand its audit focus to flow-through entities, according to an IRS official.
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When Taxes, Grammar & Voting Collide: City Could Lose Half Billion Due to Two-Word Error
The Santa Clara, CA water district commits slight, but potentially very costly error.
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What’s at Stake? A CPA’s Insights into the Federal Government’s Finances
Gregory Anton, Chairman of the Board of Directors of the AICPA (Ameirican Institute of Certified Public Accountants), provides a non-partisan analysis into why he thinks the U.S. government's financial statements provide a different perspective compared to the government's annual budget.