November 24, 2015
The Internal Revenue Service has reduced the paperwork and recordkeeping requirements for small businesses by raising from the safe harbor threshold for deducting certain capital items $500 to $2,500.
November 24, 2015
The skies are cloudy, the leaves are changing, the air is cool and brisk—and in this profession, that means time to think about year-end prep for payroll departments.
November 24, 2015
With new chapters of information on tax preparation, the EY Tax Guide 2016 is now available online and in bookstores nationwide to guide taxpayers through the tax filing season. New to the 31st edition are important updates on tax law changes ...
November 23, 2015
The Foreign Account Tax Compliance Act (FATCA) Online Registration System is a secure, web-based system that financial institutions and other entities can use to register for FATCA purposes. Launched in 2013, the system allows the IRS to identify ...
November 22, 2015
The tax rationale may be applied to entertainers who perform at local venues and even to high-ranking executives in town to conduct business. Currently, seven cities impose a jock tax.
November 22, 2015
The campaign -- which will continue through the April tax deadline -- was announced today at an event hosted by the Federation of Tax Administrators, comprised of state revenue departments across the nation. The effort is part of the Security Summit ...
November 18, 2015
With this guide, we hope to help you navigate the ins and outs of getting your compliance and benefits ready for end of year.
November 17, 2015
As the year winds down, the holiday season brings with it tax reporting season – which can be a hectic time for businesses. Changing regulations, looming deadlines and the threat of penalties can quickly replace “jolly” with “humbug.”
November 17, 2015
Thomson Reuters recently announced the winners of the second annual Taxologist Awards, a program that recognizes exceptional tax departments and professionals who positively impact their organizations by embracing tax technology.
November 16, 2015
TIGTA found that the IRS recognizes continued efforts are needed to develop and implement systemic processes to detect identity theft. To date, the IRS has taken actions that include defining business identity theft, creating procedures for IRS ...
November 16, 2015
On average, college students who have student loans thought they would be able to pay back their loans in nine years after graduation, with only 18 percent saying that it would take them more than ten years. A quarter of college students with loans ...
November 16, 2015
Anyone who prepares, or assists in preparing, substantially all of a federal tax return or claim for refund for compensation must have a valid PTIN from the IRS. The PTIN must be used as the identifying number on these prepared returns.