Small Business Owners

For Small Businesses: IRS Raises Tangible Property Expensing Threshold to $2,500; Simplifies Filing and Recordkeeping

Article Featured on irs.gov WASHINGTON —The Internal Revenue Service today simplified the paperwork and recordkeeping requirements for small businesses by raising from $500 to $2,500 the safe harbor threshold for deducting certain capital…
Politicians slam tax-avoiding Pfizer-Allergan deal

Politicians slam tax-avoiding Pfizer-Allergan deal

BY KEVIN DRAWBAUGH AND EMILY STEPHENSON | Featured on Reuters U.S. politicians condemned Pfizer Inc's deal with Allergan Plc as a tax dodge on Monday, bringing another round of hand-wringing in Washington over the corporate tax code, though…
Demanding tax season likely ahead, IRS commissioner tells AICPA

Demanding tax season likely ahead, IRS commissioner tells AICPA

Article Featured on Journal of Accountancy | By Paul Bonner The 2016 tax filing season promises to be challenging for the IRS, Commissioner John Koskinen told attendees at the AICPA National Tax Conference in Washington on Tuesday. Koskinen…

Navigating Today’s IRS Examination With Fast Track Settlement

By Thomas A. Warnshuis, CPA, MSA, Grand Rapids, Mich. (former IRS revenue agent) | Article featured on Tax Advisor Editor: Howard Wagner, CPA | Image Credit: g0d4ather / Shutterstock.com At the end of an IRS audit many taxpayers are left…
Migration

Moved South But Still Taxed Up North

Article by Liz Opalka, CPA | Featured on Journal of Accountancy  Migrating to a low-tax state to retire doesn’t always allow people to escape estate and inheritance taxes in the states they left. As 2014 drew to a close, Florida…
FBAR Deadline Moves Up 3 Months to April 15

FBAR Deadline Moves Up 3 Months to April 15

Article by SHANNON SMITH RETZKE AND AARON D. SCHUMACHER | Featured on AccountingToday.com It’s the beginning of the end of the filing date disconnect between foreign bank account reports and income tax returns. On July 31, President…
Tax treatment of employer-provided meals and lodging

How to Approach Taxing of Employer-provided Meals & Lodging

Great article about how to handle taxing food and lodging provided by your employer. Article by Alan D. Campbell, CPA, Ph.D., and Dena S. Mitchell, CPA on Journal of Accountancy Gross income generally includes the fair market value…
Tax, Estate Planning, Benefits Opportunities After Supreme Court's Same-Sex Marriage Decision

Tax, Estate Planning, Benefits Opportunities for Same-Sex Couples

,
Article by Ashlea Ebelling | Featured on Forbes | Featured Image by Rena Schild / Shutterstock.com Today’s historic Supreme Court decision, Obergefell v. Hodges, affirmed a constitutional right to same-sex marriage in all 50 states, opening…
HSBC

When It Rains, It Pours… HSBC Drowning in Troubles

For over a year, Bank of America seemed to make headline news every day. Unfortunately, none of those headlines were good. Now top honors goes to HSBC. This time it is Argentina claiming that the British banking giant helped clients evade taxes. According…
Employers: Don’t Overlook the Small Business Health Care Tax Credit - Isler NW

Employers: Don’t Overlook the Small Business Health Care Tax Credit

, ,
IRS Tax Tip 2015-37, March 12, 2015 Do you own or run a small business or tax-exempt group with fewer than 25 full-time employees? If you do, you should know that the Small Business Health Care Tax Credit can help you provide insurance to…