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Summer day camp may save you taxes…

BY IN Accounting, Tax Blog On 27-05-2014

The passing of Memorial Day marks the beginning of summer in the minds of many Americans. Although the kids might still be in school for another week or two, summer day camp is rapidly approaching for many families. If yours [...]

4 years ago / Comments Off on Summer day camp may save you taxes…

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MAY

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Health Care Law Update

BY IN Accounting, Tax Blog, Uncategorized On 26-07-2012

On June 28, 2012, the Supreme Court ruled on the much-anticipated constitutionality of the Patient Protection and Affordable Care Act (PPACA). In a 5 to 4 decision, the law was upheld – except for certain Medicaid provisions. Employers and taxpayers [...]

6 years ago / Comments Off on Health Care Law Update

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JUL

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What Lenders Require in Today’s Economy

BY IN Accounting, Uncategorized On 27-06-2012

Today’s tight credit market has cautious lenders requiring more frequent and complex financial statements. Here are some of the new requirements your company may be facing and how to comply with them so that access to credit continues – http://bza.me/?NP3V7G. [...]

6 years ago / Comments Off on What Lenders Require in Today’s Economy

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JUN

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Charitable Donations and the IRS

BY IN Accounting, Nonprofit Blog, Tax Blog, Uncategorized On 06-06-2012

As most people know, donations to charity are generally deductible for income tax purposes. Less well-known are the strict substantiation rules that apply. This was highlighted in a recent Tax Court case. In the Tax Court case, the taxpayer donated [...]

6 years ago / Comments Off on Charitable Donations and the IRS

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JUN

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Get out the paper shredder – tax records: what can you throw away?

BY IN Accounting, Dental Blog, Nonprofit Blog, Tax Blog, . . . On 17-04-2012

Once you meet the April 17 federal deadline and file your tax return, you can clear away some of the paperwork cluttering up your files. But save essential records that can protect you during an IRS audit — or help [...]

6 years ago / Comments Off on Get out the paper shredder – tax records: what can you throw away?

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APR

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Maryland firm paints brighter picture for area hospitals

BY IN Accounting, Tax Blog, Uncategorized On 07-03-2012

Thank you Accounting Today for your article on our Tax Season project! http://www.accountingtoday.com/acto_blog/weyrich-cronin-sorra-maryland-hospital-murals-61957-1.html [...]

6 years ago / Comments Off on Maryland firm paints brighter picture for area hospitals

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MAR

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AICPA warns of Phishing scam emailed to individuals, CPAs, non-CPAs and general public.

BY IN Accounting, Dental Blog, Nonprofit Blog, Tax Blog, . . . On 21-02-2012

  Alert: Fraudulent “Phishing” Scam Email Designed to Look Like it is from AICPA On Thursday, February 16, 2012, the AICPA became aware of a fraudulent email using an AICPA banner and referencing the recipient’s possible involvement in an unlawful [...]

6 years ago / Comments Off on AICPA warns of Phishing scam emailed to individuals, CPAs, non-CPAs and general public.

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FEB

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EXPIRATION OF THE FUTA SURTAX OF 0.2%

BY IN Accounting, Tax Blog On 14-07-2011

THE 0.2% FEDERAL UNEMPLOYMENT TAX (FUTA) SURTAX IS NO LONGER IN EFFECT. THE SURTAX WAS DUE TO EXPIRE ON JUNE 30, 2011 ABSENT CONGRESSIONAL ACTION. THE FUTA TAX RATE, BEFORE CONSIDERATION OF STATE UNEMPLOYMENT TAX CREDITS, IS NOW 6.0%. THE [...]

7 years ago / Comments Off on EXPIRATION OF THE FUTA SURTAX OF 0.2%

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JUL

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Increase in Mileage Rates for Final Six Months of 2011

BY IN Accounting, Nonprofit Blog, Tax Blog, Uncategorized On 13-07-2011

There is an increase in the optional standard mileage rates for the final six months of 2011. Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile for business and other purposes. The rate [...]

7 years ago / Comments Off on Increase in Mileage Rates for Final Six Months of 2011

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JUL

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Taxpayers Filing Self Employment Tax Receive IRS Notices in Error

BY IN Accounting, Tax Blog, Uncategorized On 13-06-2011

The IRS has been experiencing a system error occurring on individual tax returns that pay self-employment taxes. Due to this error, the system has been issuing IRS notices to some individual taxpayers in the following situations: • Taxpayers who have [...]

7 years ago / Comments Off on Taxpayers Filing Self Employment Tax Receive IRS Notices in Error

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JUN

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