January 25, 2016
Are any of your small business clients in need of a cash influx? Thanks to the new tax law -- the Protecting Americans from Tax Hikes (PATH) Act – small business owners can offer a unique tax incentive to investors: A 100 percent tax exclusion on the ...
January 24, 2016
The tax relief postpones various tax filing and payment deadlines that occurred starting on Dec. 23, 2015. As a result, affected individuals and businesses will have until May 16, 2016 to file their returns and pay any taxes due.
January 24, 2016
Five new members of the Internal Revenue Service Advisory Council (IRSAC) have been announced by the Internal Revenue Service. The organization provides an organized public forum for IRS officials and representatives of the public to discuss key tax ...
January 21, 2016
Minnesota state officials are trying to take some of the sting out of high student-loan debt, rolling out a new program that could allow thousands of residents to refinance student loans and drive down monthly payments.
January 20, 2016
How many returns can your firm prepare during tax season? Adding staff hours during busy season is problematic for the firm and filing extensions is problematic for customers. In the absence of these two options, what else can you do?
January 20, 2016
Although the PATH Act doesn’t include the numerous proposals to change how the RTC is calculated or increase its credit rate, it does expand its availability to two kinds of small businesses.
January 20, 2016
Asking the right questions can make a big difference when hiring a tax preparer. It helps ensure that you are getting a qualified professional who knows the tax code and will act ethically and responsibly in filing your tax return.
January 19, 2016
From the IRS extending select Affordable Care Act reporting deadlines to a delay of the debated Cadillac Tax, 2016 is gearing up to be another active year for government regulations impacting business.
January 18, 2016
Reports anticipate that 2016 will be a healthy year for the real estate market, so if you or your clients are considering buying or selling a house this year, here are some tips from professional realtors. The tips can help guide everyone from ...
January 16, 2016
The latest topic added to Thomson Reuters Checkpoint Catalyst highlights the Uniform Division of Income for Tax Purposes Act (UDITPA) and its impact on state allocation and apportionment of income. Checkpoint Catalyst provides detailed information and ...
January 16, 2016
The Intuit ACA Resource Center, a part of the Intuit Tax Pro Center, includes easy-to-use guides and tools designed to make it easy for tax professionals to stay updated on changes in ACA compliance and requirements for reporting client health ...
January 15, 2016
Thomson Reuters has released a special report highlighting key tax developments in 2015 to aid practitioners in 2015 tax return preparation and support 2016 planning.