Income Taxes

December 5, 2012 

Avoid penalties, improve compliance and know the important changes for the 2012 year-end

December 5, 2012 

The most recent Blackbaud Index of Charitable Giving shows that charitable giving decreased 3.8% for the three months ending October 2012 as compared to the same period in 2011.

December 3, 2012 

In more than 35 years as a certified public accountant, Greg Sevier said this year has probably been the most challenging one in which to do tax planning for clients.

December 2, 2012 

A certified public accountant and purported outside auditor for Provident Capital Indemnity Ltd. was sentenced in Richmond, Va., to 54 months in prison for his role in an approximately half-billion-dollar fraud scheme that affected more than 3,500 victims throughout the United States and abroad

November 13, 2012 

The new software module is designed to provide U.S. businesses with the tools they need to pay 1099 contractors and non-employees, to prepare vendor accounting reports, and comply with IRS rules and regulations relating to vendors and independent 1099 contractors.

November 12, 2012 

The Illinois CPA Society has made finding a trusted tax professional easy. Their new free and easy-to-use "Find a CPA" directory allows individuals, businesses and not-for-profit organizations to do a simple search through a database of member CPAs.

November 9, 2012 

Marijuana is now legal in several states, and legal for purely recreational purposes in at least three. This will bring new tax revenues into state coffers... But, will the Feds allow it, and does it matter socially?

Dave McClure

November 5, 2012 

Ron Eagle Joins Avalara as Strategic Advisor, as Accounting & Advisory Services Program Continues to Expand. Next phase of development for Avalara’s fast-growing accountants program includes international outreach.

October 29, 2012 

Form Magic, Inc. – Tax-Mate 1099888-746-0440www.FormMagic.com From the Nov. 2012 Review of W-2 and 1099 Preparation programs. Best Fit: Accounting firms working with large clients that need various import and integration options Strengths Multiple options for importing and entering data Multi-client management tools Built-in diagnostic tools Potential Limitations No built-in invoicing option 2012 Tax-Mate 1099...…

Taija Sparkman

October 29, 2012 

AccountantsWorld – After-the-Fact Payroll866-999-1366×517www.AccountantsWorld.com From the Nov. 2012 Review of W-2 and 1099 Preparation programs. Best Fit: Accounting firms that need to manage year-end compliance and after-the-fact payroll for multiple clients. Strengths Web-based remote access Multi-client views and dashboards Integration with AccountantsWorld suite E-filing of federal and state forms Potential Limitations Doesn’t have built-in invoicing...…

Taija Sparkman

October 29, 2012 

Spokane Computer Inc – MAG-FILER800-565-6576www.spokanecomputer.com From the Nov. 2012 Review of 1099 and W-2 Preparation programs. Best Fit: Accounting firms managing year-end compliance for multiple clients. Strengths: Supports multiple import and export formats Offers service bureau option for entire reporting process Performs TIN Verification before submitting Potential Limitations: No built-in invoicing feature MAG-FILER allows users...…

Taija Sparkman

October 29, 2012 

Tenenz – Laser Link – W2/1099 Review800-888-5803www.tenenz.com From the Nov. 2012 Review of W-2 and 1099 Preparation programs. Best Fit: Practices managing year-end compliance and reporting for multiple small business clients Strengths Easy interface and data entry Unlimited free e-filing Inexpensive Potential Limitations Limited import, export and integration capabilities No built-in invoicing feature Tenenz, provider...…

Taija Sparkman